Booted Dow Anchorman.

It's the goodbye Joe,me got to go,me oh bayou as the lyric sings.
The two multi-billion begging icons (General Motors & Citigroup Inc) are now sterile and unproductive to lead the Dow Industrial Average index.
According to a statement released Monday, General Motors, which filed for bankruptcy on Monday, will be replaced by Cisco Systems (CSCO); Citigroup (C) will be replaced by The Travelers Companies (TRV).
The changes in the Dow will go into effect on on June 8, according to Dow Jones.
GM shares opened for trading on the New York Stock Exchange after a brief delay Monday morning, but the NYSE says the shares will be delisted before trading begins Tuesday. GM has the right to appeal that decision.

Tracking the Dow on Monday,01/06/09--(14 market days to QUADRAPLE WITCHING)

9:30am:-A poweful 100.0 points bullish gap-up.

A carryover of momentum of last Friday's high powered volume.

10:30am:--Session high with intermittent pullback.

There's no sign of opening gap being filled at this hour.
According to the latest batch of economic data, personal income increased during April by 0.5%, which is better than the 0.2% decrease that was widely expected, and up from the 0.2% decrease registered in March. March's reading was revised upward from a 0.3% decrease.

11:30am:--The hangman still holding on its execution at near trading high again.

Meanwhile, personal spending for April showed a 0.1% decrease, which is better than the 0.2% decrease that was expected.

12:30noon:--Weak bearish spin at high.

The strong upward bias has been undeterred by news that Dow component General Motors (GM) is expected to file for bankruptcy today. According to recent reports, GM and Citigroup (C) will be replaced in the Dow by Cisco (CSCO) and Travelers (TRV), effective June 8.

1:30pm:--The index is reluctant to make any pullback.We have the inverted bulls at work now.

The ISM Manufacturing Index for May came in at 42.8, which is in step with expectations and still indicates that manufacturing activity is contracting since it is below 50.

2:30pm:--Pullback profit-taking not so intense.

Banks have been a noticeable drag on the financial sector.

3:30pm:--A bearish spike.
Retailers are garnering support in light of some pleasing economic data, which has helped the supposition that a rebound in economic activity will soon send consumers back into stores.

4:00pm:--Another last minute bearish spike.

The short-sellers are going to skin all the retailers in today's bullish euphoria.It's an all-out retailers day.A fake bullish trap was noted.
A bullish June opener.Today's market might be a distraction against the bad news of General Motors which is filing for bankruptcy protection otherwise there's going to be a big sell-off.

What a good decoy the shorties are netting all the retailers.

Retailers must hit & run fast in this witching months and don't get screwed up by those hedge funds who are holding the joker card.