NASDAQ 2,071.72 -.65%
Leading Sectors
Oil Service +2.33%
Energy +1.13%
Restaurants +1.00%
Lagging Sectors
Broadcasting -.99%
Semis -1.14%
Biotech -1.18%
Other
Crude Oil 49.93 +2.65%
Natural Gas 6.82 +.93%
Gold 448.40 -.11%
Base Metals 118.79%
U.S. Dollar 82.86 -.40%
10-Yr. T-note Yield 4.14% -.87%
VIX 12.86 -.85%
Put/Call .86 +21.13%
NYSE Arms 1.14 +15.15%
Market Movers
Economic Data
Existing Home Sales for October were 6.75M versus estimates of 6.72M and 6.75M in September.
Recommendations
Mid-day News
Bottom Line: The Portfolio is modestly higher mid-day on strength in my security, internet, retail, oil service and Chinese ADR longs. I have not traded today and the Portfolio is still 125% net long. I will be looking to add semi, semi-equipment and networking stocks on any near-term weakness as these areas should outperform over the intermediate-term. The underlying tone of the market is mildly positive today considering losses in the major indices. I expect U.S. shares to rise modestly into the close on optimism over future economic growth.
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