Reuters reports that Google (GOOG) beat Wall St. expectation.

Reuters reports that NY State will investigation the auction-rate securities debacle.

Reuters writes that AMD (AMD) posted is sixth straight loss.

Reuters reports that the FBI says subprime investigations may lead to hedge funds.

Rueters writes that the FCC is weighing actions about broadband providers who restrict access to some users.

The Wall Street Journal reports that natural gas prices in the US are up 93% since August.

The Wall Street Journal writes that GE (GE) is working with the FAA over questions about improperly certified parts for its jet engines.

The Wall Street Journal writes that Motorola (MOT) changed management within its troubled handset division.

The New York Times writes that employees at many companies are working fewer hours rather than being laid off.

The FT writes that the CEO of Citigroup (C) said he will cut expenses by 20%.

Asian Markets review
Markets in Asia were mixed.
The Nikkei rose .6% to 13,476. Casio rose 4.9% to 1423. Hitachi rose 2.3% to 667.
The Hang Seng fell .4% to 24,168. China Mobile (CHL) rose 2.5% to 132.2. China Petroleum (SNP) fell 2.5% to 7.15.
The Shanghai Composite fell 4% to 3,095.

USO: Pivot Points
The following are the pivot points for the United States Oil Fund (USO). Pivot High: $92.985, Pivot Low: $91.995. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

XLF: Pivot Points
The following are the pivot points for the Financial Select Sector (XLF). Pivot High: $26.375, Pivot Low: $25.565. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

DJX: Pivot Points
The following are the pivot points for the Dow Jones Industrials Index (DJX). Pivot High: 12685.180, Pivot Low: 12591.870. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

SPX: Pivot Points
The following are the pivot points for the S&P 500 (SPX). Pivot High: 1372.505, Pivot Low: 1361.515. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. NOTE: On the open the Pivot High will be broken to the upside.

Pre-Market Movers: Ahead of the Bell from flyonthewall.com
The pre-market session is very active following major earnings releases last night after the close and this morning. With expiration today we will likely see extremely high volumes in the early going across the board with a large number of issues moving. The big surprises this morning are mostly to the upside with Citigroup (C) up +7% on very heavy volume. The company did report a loss but the size of the loss was lower than had been generally feared.