S&P 500 1,154.04 +1.45%
DJIA 10,161.81 +1.48%
NASDAQ 1,950.89 +1.94%
Russell 2000 596.77 +2.02%
DJ Wilshire 5000 11,376.27 +1.43%
S&P Barra Growth 559.12 +1.69%
S&P Barra Value 590.28 +1.17%
Morgan Stanley Consumer 576.83 +1.53%
Morgan Stanley Cyclical 710.54 +2.10%
Morgan Stanley Technology 439.95 +2.53%
Transports 3,499.40 +3.08%
Utilities 364.02 +1.02%
Put/Call .84 +3.70%
NYSE Arms .70 -62.71%
Volatility(VIX) 14.87 -12.12%
ISE Sentiment 127.00 -5.22%
US Dollar 83.74 +.26%
CRB 305.61 -.45%
Futures Spot Prices
Crude Oil 53.25 -1.44%
Unleaded Gasoline 159.20 +.87%
Natural Gas 6.98 -1.09%
Heating Oil 150.90 +.02%
Gold 434.40 -.53%
Base Metals 125.70 -2.16%
Copper 148.40 -1.69%
10-year US Treasury Yield 4.29% +2.51%
Leading Sectors
Airlines +3.85%
Wireless +2.66%
Semis +2.53%
Lagging Sectors
Restaurants -.36%
Papers -.58%
Gold & Silver -1.19%
BOTTOM LINE: US stocks are sharply higher mid-day on better-than-expected economic reports, strong earnings outlooks and lower commodity prices. The Portfolio is slightly lower on losses in my Oil Tanker and Computer Hardware shorts. I added a few new tech longs this morning, thus leaving the Portfolio 50% net long. One of my new longs is EBAY and I am using a $31 stop-loss on this position. The tone of the market is positive as the advance/decline line is strong, almost every sector is higher and volume is above average. Measures of investor anxiety are mixed. Today’s overall market action is very positive, considering the rise in long-term rates and yesterday’s declines. I expect US stocks to trade mixed-to-higher into the close on short-covering and bargain-hunting.
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