Little News - More Selling

On a day the market does not have an overwhelming amount of news and stocks are still overbought in the short-term the default is for more profit-taking. There is also some hesitation today as earnings season kicks off after the bell when aluminum maker Alcoa ($AA) reports its 4th quarter earnings.

The S&P 500 is now at the lows of the session, down 10 points or 0.7%. The small-cap stocks are holding up better with the Russell 2000 down only 0.4%.

Gold is able to avoid today's selling and the SPDR Gold ETF ($GLD) is gaining 0.5% and trying to put in a double bottom at the $158 area. The ETF is currently trading at $160.16/share.

Some early standouts include:

1. Pfizer ($PFE) - the drug maker hitting a new 5-year high 
2. Allergan ($AGN) - another health care stocks (think botox and breast implants) is shooting to a new all-time high
3. Monsanto ($MON) - the agribusiness company is up 2.5% after beating earnings
4. McKesson ($MCK) - drug wholesaler breaking above the century mark to a new all-time high
5. Market Vectors Vietnam ETF ($VNM) - the small Asian country continues it hot streak rallying another 1.7% today and is now up 11% in 2013