Wednesday, December 22, 2004

Wednesday Close

S&P 500 1,209.57 +.34%
NASDAQ 2,157.03 +.28%


Leading Sectors
Airlines +2.56%
Gaming +1.4%
Retail +1.32%

Lagging Sectors
Iron/Steel -1.16%
Energy -1.39%
Oil Service -1.59%

Other
Crude Oil 44.15 -.20%
Natural Gas 6.84 +.29%
Gold 440.90 -.11%
Base Metals 122.17 +.36%
U.S. Dollar 81.96 +.02%
10-Yr. T-note Yield 4.19% +.05%.
VIX 11.45 -.87%
Put/Call .99 +23.75%
NYSE Arms .84 +23.53%

After-hours Movers

Recommendations

After-hours News

BOTTOM LINE: The Portfolio finished substantially higher today on gains in my security, software, restaurant and semi equipment longs. I did not trade in the afternoon, thus leaving the Portfolio 125% net long. Several indices are now hitting ALL-TIME highs, making the bears' argument that the US markets are in a secular decline much tougher to make. I expect gains again tomorrow on favorable economic reports.

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