S&P 500 1,147.99 +.38%
DJIA 10,113.28 +.42%
NASDAQ 1,905.19 +.06%
Russell 2000 574.73 -.05%
DJ Wilshire 5000 11,278.02 +.29%
S&P Barra Growth 554.82 +.44%
S&P Barra Value 588.73 +.37%
Morgan Stanley Consumer 570.83 +.17%
Morgan Stanley Cyclical 692.96 +.50%
Morgan Stanley Technology 433.76 +.11%
Transports 3,391.43 +.08%
Utilities 368.01 +.34%
Put/Call 1.09 -2.68%
NYSE Arms 1.03 -50.62%
Volatility(VIX) 16.43 -2.55%
ISE Sentiment 129.00 -21.8%
US Dollar 84.38 +.04%
CRB 305.40 +.33%
Futures Spot Prices
Crude Oil 51.20 -1.10%
Unleaded Gasoline 151.00 -2.52%
Natural Gas 6.68 -1.01%
Heating Oil 146.25 -1.76%
Gold 435.80 +.79%
Base Metals 124.97 +1.10%
Copper 146.30 +1.32%
10-year US Treasury Yield 4.20% +1.48%
Leading Sectors
HMOs +2.74%
Papers +2.63%
Hospitals +2.10%
Lagging Sectors
Retail -1.25%
Airlines -1.50%
Disk Drives -2.30%
BOTTOM LINE: The Portfolio is unchanged as gains in my Computer longs are being offset by losses in my Oil Tankers shorts. I added a few new longs this morning and took profits in a few shorts, thus leaving the Portfolio 75% net long. One of my new positions is the QQQQ and I am using a stop-loss of $34.45 on this position. The tone of the market is modestly negative as the advance/decline line is slightly lower, sector performance is mixed and volume is above average. Measures of investor anxiety are mostly lower. Today’s overall market action is mildly negative, considering today’s positive economic data and the market’s oversold state. I expect US stocks to trade modestly higher into the close on short-covering, lower energy prices and bargain-hunting.
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