S&P 500 1,234.00 +.38%
DJIA 10,669.57 +.24%
NASDAQ 2,180.80 +.35%
Russell 2000 675.21 +.95%
DJ Wilshire 5000 12,315.56 +.44%
S&P Barra Growth 591.67 +.30%
S&P Barra Value 638.40 +.53%
Morgan Stanley Consumer 586.78 +.34%
Morgan Stanley Cyclical 760.32 +.97%
Morgan Stanley Technology 502.49 -.60%
Transports 3,731.01 +2.58%
Utilities 394.25 +.12%
Put/Call .86 +13.16%
NYSE Arms 1.02 -7.33%
Volatility(VIX) 10.02 -4.11%
ISE Sentiment 156.00 -4.88%
US Dollar 89.95 +.12%
CRB 303.62 -.40%
Futures Spot Prices
Crude Oil 56.85 -1.06%
Unleaded Gasoline 169.00 +.99%
Natural Gas 7.56 -.28%
Heating Oil 161.90 -.68%
Gold 422.40 +.52%
Base Metals 124.31 +1.20%
Copper 159.10 +.28%
10-year US Treasury Yield 4.18% +.09%
Leading Sectors
Biotech +4.04%
Steel +3.86%
Homebuilders +1.73%
Lagging Sectors
HMOs -1.09%
Networking -1.29%
Internet -1.57%
BOTTOM LINE: The Portfolio is slightly lower mid-day on losses in my Internet and Networking longs. I have not traded today, thus leaving the Portfolio 100% net long. The tone of the market is slightly positive as the advance/decline line is higher, most sectors are rising and volume is above average. Measures of investor anxiety are mostly higher. Today’s overall market action is positive. The fact that Yahoo! (YHOO), Intel (INTC) and Juniper Networks (JNPR) are down on volume and the Nasdaq is slightly higher is a positive. Breadth on the Naz is also positive and is at session highs. Small-caps are outperforming again. The top insider buys remain concentrated in small-caps, as well. I expect stocks to trade modestly higher into the afternoon on short-covering, a pullback in long-term rates from morning highs and declining energy prices.
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