S&P 500 1,192.33 -.14%
DJIA 10,489.20 -.33%
NASDAQ 2,057.14 +.02%
Russell 2000 612.40 -.08%
DJ Wilshire 5000 11,763.25 -.09%
S&P Barra Growth 577.86 -.03%
S&P Barra Value 609.67 -.28%
Morgan Stanley Consumer 589.17 -.23%
Morgan Stanley Cyclical 723.74 -.49%
Morgan Stanley Technology 478.49 -.09%
Transports 3,617.65 -.24%
Utilities 362.94 -.05%
Put/Call .72 -11.11%
NYSE Arms 1.12 +38.36%
Volatility(VIX) 13.02 +.54%
ISE Sentiment 173.00 +.58%
US Dollar 86.47 +.09%
CRB 296.49 +.01%
Futures Spot Prices
Crude Oil 49.65 +1.0%
Unleaded Gasoline 141.75 +1.32%
Natural Gas 6.32 -1.36%
Heating Oil 138.25 +1.17%
Gold 417.70 +.19%
Base Metals 121.57 +1.07%
Copper 140.50 +1.19%
10-year US Treasury Yield 4.05% -.10%
Leading Sectors
Gold & Silver +2.07%
Semis +.75%%
Energy +.66%
Lagging Sectors
Papers -1.15%
Airlines -1.20%
I-Banks -1.31%
BOTTOM LINE: The Portfolio is substantially higher mid-day on gains in my Internet, Wireless and Retail longs. I have not traded today, thus leaving the Portfolio 100% net long. The tone of the market is modestly negative as the advance/decline line is lower, sector performance is mixed and volume is average. Measures of investor anxiety are mixed. Today’s overall market action is mixed, given last week’s gains, the morning bounce in energy prices and Fed Minutes. I expect US stocks to rise modestly into the close on short-covering, lower long-term interest rates, declining energy prices and strength in the Tech sector.
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