S&P 500 1,178.27 +.58%
DJIA 10,510.27 +.65%
NASDAQ 2,002.13 +.56%
Russell 2000 615.96 +.11%
DJ Wilshire 5000 11,611.09 +.45%
S&P Barra Growth 569.30 +.60%
S&P Barra Value 604.22 +.51%
Morgan Stanley Consumer 575.73 +.31%
Morgan Stanley Cyclical 747.95 -.25%
Morgan Stanley Technology 455.51 +.47%
Transports 3,761.30 +.44%
Utilities 355.62 +.47%
Put/Call .84 +31.25%
NYSE Arms .76 -31.14%
Volatility(VIX) 13.53 +.89%
ISE Sentiment 180.00 +4.05%
US Dollar 84.59 +.51%
CRB 307.06 +.06%
Futures Spot Prices
Crude Oil 54.30 -.98%
Unleaded Gasoline 157.70 -1.39%
Natural Gas 6.97 -1.30%
Heating Oil 154.50 -.22%
Gold 426.00 +.24%
Base Metals 127.52 -1.0%
Copper 145.50 -.07%
10-year US Treasury Yield 4.62 +.72%
Leading Sectors
Oil Service +1.52%
Internet +1.23%
Retail +1.20%
Lagging Sectors
Biotech -.73%
Papers -1.02%
Iron/Steel -2.29%
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 higher mid-day on a decline in energy prices and bargain-hunting. The Portfolio is higher on gains in my Homebuilding shorts, Chinese ADR shorts and Retail longs. I added a few new retail longs this morning, thus increasing the Portfolio’s market exposure to 25% net long. One of my new longs is DECK and I am using a $35 stop-loss on this position. The tone of the market is mixed as the advance/decline line is slightly lower, most sectors are higher and volume is very light. Small-caps and Cyclicals are underperforming and measures of investor anxiety are mostly lower. Today’s overall market action is neutral considering recent losses, the decline in energy prices and stronger US dollar. I continue to believe one more push lower is necessary to put in place a more durable bottom. I expect US stocks to trade mixed into the close as a decline in energy prices and bargain hunting offsets concerns over higher interest rates and worries over slowing global growth.
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