S&P 500 1,168.35 -.51%
DJIA 10,424.17 -.59%
NASDAQ 1,978.87 -.68%
Russell 2000 608.01 -1.16%
DJ Wilshire 5000 11,513.50 -.55%
S&P Barra Growth 564.64 -.51%
S&P Barra Value 599.99 -.39%
Morgan Stanley Consumer 574.12 -.14%
Morgan Stanley Cyclical 736.17 -1.30%
Morgan Stanley Technology 450.55 -.56%
Transports 3,684.45 -1.51%
Utilities 351.93 -.72%
Put/Call .66 unch.
NYSE Arms 1.23 +43.62%
Volatility(VIX) 13.92 +1.31%
ISE Sentiment 161.00 -17.44%
US Dollar 84.37 -.17%
CRB 308.70 +.44%
Futures Spot Prices
Crude Oil 54.10 +.09%
Unleaded Gasoline 156.90 -.24%
Natural Gas 7.27 +3.87%
Heating Oil 155.00 +.16%
Gold 426.00 unch.
Base Metals 127.85 +.26%
Copper 147.05 +1.10%
10-year US Treasury Yield 4.58% -1.19%
Leading Sectors
Hospitals +2.41%
Insurance +1.12%
Foods +.12%
Lagging Sectors
Biotech -1.06%
Gaming -1.48%
Iron/Steel -2.40%
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 lower mid-day on worries over slowing global growth. The Portfolio is higher on gains in my Chinese ADR shorts and Internet shorts. I added a few new shorts this morning, thus bringing the Portfolio’s market exposure to 25% net short. One of my new shorts is PD and I am using a $102 stop-loss on this position. The tone of the market is negative as the advance/decline line is lower, most sectors are lower and volume is light. Small-caps and Cyclicals are once again underperforming and measures of investor anxiety are mostly higher. Today’s overall market action is negative considering recent losses, the decline in interest rates and merger activity. This appears to be the beginning of the final push lower that I have been anticipating. Levels of investor anxiety should reach levels necessary to help form a meaningful bottom over the next few weeks. I continue to expect the second half of the year to be much better for the equities. I expect US stocks to trade mixed-to-lower into the close on worries over slowing global growth.
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