Tuesday Close

S&P 500 1,128.33 +.22%
NASDAQ 1,915.40 +.26%

Leading Sectors
Internet +1.59%
Restaurants +.84%
Drugs +.75%

Lagging Sectors
Iron/Steel -.29%
Fashion -.30%
Hospitals -.40%

Other
Crude Oil 44.55 +.36%
Natural Gas 4.99 +1.22%
Gold 407.40 -.02%
Base Metals 108.15 -.01%
U.S. Dollar 88.46 -.09%
10-Yr. T-note Yield 4.12% -.28%
VIX 13.56 +2.96%
Put/Call .79 +17.91%
NYSE Arms .84 -1.18%

After-hours Movers
ORCL +3.79% after meeting 1Q estimates.
CPRT +4.73% after beating 4Q estimates.
CPTS +11.6% after announcing Humana has approved Essure for reimbursement.
CLS -10.78% after cutting 3Q estimates.
XLNX -3.83% after cutting 2Q forecast.

Recommendations
Goldman reiterated Outperform on ISG, MO, HOT, SBC and DEX. Goldman reiterated Underperform on AZR.

After-hours News
U.S. stocks finished slightly higher today, as gains in internet stocks offset weakness related to rising energy prices. Arab League Secretary-General Amr Mussa called on the 22-member body to re-establish full diplomatic ties with Iraq, Agence France-Presse reported. News Corp. is expected to release details today of the company's plan to shift to the U.S., the Australian Financial Review reported. Brazil has become the global capital for computer hacking and Internet fraud, the BBC reported. The U.S. House of Representatives passed a bill requiring judges to impose fines on attorneys who file lawsuits dismissed as frivolous, Bloomberg said. Makers of antidepressants including Pfizer, Wyeth and GlaxoSmithKline should be required to put stronger warning labels on their drugs, a U.S. advisory panel said. The U.S. Senate leaders agreed to legislation excluding companies based in overseas tax havens from bidding for billions of dollars in homeland security contracts. The provision, if it becomes law, may shut out Tyco, Ingersoll-Rand and other companies from more than $8 billion in contracts over the next fiscal year, Bloomberg reported. Oracle reported a 16% gain in first-quarter profit on rising demand for database software, Bloomberg said. Xilinx said second-quarter sales will miss its forecast because customers have too much inventory, Bloomberg reported. Lockheed Martin and General Dynamics will stop competing and instead work together on a $12 billion program to design a communications network for the U.S. Army under a plan to speed development, Bloomberg reported. Goldman Sachs donated 1,000 square miles of virgin forest in Chile to the Wildlife Conservation Society, creating a preserve the size of Rhode Island from land the firm acquired as collateral for bad loans, Bloomberg said.

BOTTOM LINE: The Portfolio finished modestly higher today as gains in my security, internet and software longs more than offset losses in my steel longs. I added a few internet longs in the afternoon, bringing the Portfolio's market exposure to 100% net long. One of my new longs is CHINA and I am using a $4.95 stop-loss on this position. The overall tone was mixed today as the market consolidated recent gains. Volume was lackluster and more stocks fell than rose. The fact that oil is not rising more in the face of current and potentially large disruptions in the Gulf is a positive.