S&P 500 1,177.83 +.45%
DJIA 10,499.84 +.42%
NASDAQ 2,004.50 +.71%
Russell 2000 618.49 +1.05%
DJ Wilshire 5000 11,617.73 +.52%
S&P Barra Growth 568.86 +.39%
S&P Barra Value 604.37 +.48%
Morgan Stanley Consumer 575.70 +.15%
Morgan Stanley Cyclical 753.40 +.36%
Morgan Stanley Technology 456.60 +.92%
Transports 3,756.23 +.64%
Utilities 354.53 +1.65%
Put/Call .62 -25.30%
NYSE Arms .76 +41.46%
Volatility(VIX) 13.15 -6.47%
ISE Sentiment 166.00 +39.50%
US Dollar 84.15 +.25%
CRB 306.84 +.11%
Futures Spot Prices
Crude Oil 54.40 +1.10%
Unleaded Gasoline 158.50 +.64%
Natural Gas 7.08 -.74%
Heating Oil 154.00 +.42%
Gold 425.20 -.05%
Base Metals 127.52 -1.0%
Copper 145.40 +.66%
10-year US Treasury Yield 4.59% +.19%
Leading Sectors
Utilities +1.63%
Restaurants +1.56%
Computer Hardware +1.35%
Lagging Sectors
Foods +.07%
Insurance -.10%
Airlines -1.08%
Links of Interest
Market Internals
Movers & Shakers
I-Watch Sector Overview
NYSE Unusual Volume
NASDAQ Unusual Volume
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Hot Spots
Option Dragon
Real-time Intraday Chart/Quote
BOTTOM LINE: US stocks are modestly higher mid-day on an oversold bounce and GE’s earnings’ boost. The Portfolio is slightly lower as losses in my Homebuilding shorts and Gaming longs are more than offsetting gains in my Software longs. I exited a few longs and shorts from various sectors this morning, thus leaving the Portfolio’s market exposure Market Neutral. The tone of the market is modestly positive as the advance/decline line is higher, almost every sector is higher and volume is light. Small-caps are underperforming and measures of investor anxiety are mixed. Today’s overall market action is neutral considering recent losses, GE’s positive comments, the rise in energy prices and stabilization of interest rates. On the positive side, the AAII % Bulls plunged this week to 23.23%, the lowest level since Feb. 2003. I continue to see one more push lower over the next couple of weeks, creating a better, more durable bottom. I expect US stocks to trade modestly lower into the close on rising oil prices and traders flattening positions ahead of the 3-day weekend.
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