S&P 500 1,177.70 +.54%
DJIA 10,379.98 +.33%
NASDAQ 1,975.73 +.43%
Russell 2000 600.70 +.70%
DJ Wilshire 5000 11,596.45 +.53%
S&P Barra Growth 568.11 +.37%
S&P Barra Value 605.00 +.66%
Morgan Stanley Consumer 583.01 +.46%
Morgan Stanley Cyclical 715.60 +.32%
Morgan Stanley Technology 449.72 +.32%
Transports 3,557.14 +.66%
Utilities 367.25 +.65%
Put/Call .86 -18.10%
NYSE Arms .66 -30.65%
Volatility(VIX) 13.72 -2.35%
ISE Sentiment 151.00 -7.36%
US Dollar 84.67 +.06%
CRB 300.59 +.04%
Futures Spot Prices
Crude Oil 51.00 +.08%
Unleaded Gasoline 146.85 -.51%
Natural Gas 6.63 +.14%
Heating Oil 142.20 -.64%
Gold 426.60 -.07%
Base Metals 123.87 +.85%
Copper 144.60 +.35%
10-year US Treasury Yield 4.27% +.38%
Leading Sectors
I-Banks +3.15%
Networking +1.67%
Oil Service +1.20%
Lagging Sectors
Computer Hardware -.24%
Papers -.44%
Oil Tankers -.87%
BOTTOM LINE: The Portfolio is unchanged mid-day as gains in my Gaming and Homebuilding longs are offsetting losses in my Internet and Airline longs. I have not traded today, thus leaving the Portfolio 100% net long. The tone of the market is modestly positive as the advance/decline line is slightly higher, most sectors are rising and volume is light. Measures of investor anxiety are mostly lower. Today’s overall market action is positive considering last week’s gains. I expect US stocks to trade modestly higher into the close on short-covering, bargain-hunting and increased optimism from merger activity.
No comments:
Post a Comment