Thursday, January 06, 2005

Thursday Close

S&P 500 1,187.89 +.35%
NASDAQ 2,090.00 -.06%


Leading Sectors
Gaming +1.98%
Oil Service +1.88%
Energy +1.80%

Lagging Sectors
Internet -.89%
Software -1.63%
Airlines -2.34%

Other
Crude Oil 45.35 -.46%
Natural Gas 6.03 -.31%
Gold 422.00 +.09%
Base Metals 117.19 -1.29%
U.S. Dollar 83.08 unch.
10-Yr. T-note Yield 4.26% unch.
VIX 13.58 -3.62%
Put/Call .78 -16.13%
NYSE Arms .83 -27.83%
ISE Sentiment 222.00 +11.56%

After-hours Movers

Recommendations

After-hours News

BOTTOM LINE: The Portfolio finished unchanged today as gains in my networking and homebuilding longs offset losses in my steel and software shorts. I added to a few of my existing longs and shorts in the afternoon, thus leaving the Portfolio market neutral. The tone of the market weakened again this afternoon on lighter volume. Most measures of investor anxiety remain low and technology shares underperformed substantially. I continue to believe any near-term rally will be short-lived until complacency falls.

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