S&P 500 1,222.21 +.23%
DJIA 10,513.89 -.06%
NASDAQ 2,143.15 +.36%
Russell 2000 670.79 -.14%
DJ Wilshire 5000 12,202.97 +.21%
S&P Barra Growth 584.58 +.30%
S&P Barra Value 633.36 +.16%
Morgan Stanley Consumer 578.56 +.08%
Morgan Stanley Cyclical 736.98 -.20%
Morgan Stanley Technology 494.93 +.73%
Transports 3,596.99 -.72%
Utilities 396.36 +.50%
Put/Call .77 -2.53%
NYSE Arms .84 +17.54%
Volatility(VIX) 10.95 -2.93%
ISE Sentiment 191.00 +6.70%
US Dollar 88.35 -1.24%
CRB 311.68 +.90%
Futures Spot Prices
Crude Oil 60.73 +3.07%
Unleaded Gasoline 178.00 +2.77%
Natural Gas 7.84 +4.60%
Heating Oil 175.10 +4.11%
Gold 427.60 +.30%
Base Metals 123.73 -.52%
Copper 153.90 -1.41%
10-year US Treasury Yield 4.14 +1.19%
Leading Sectors
Networking +2.13%
Oil Tankers +1.99%
Oil Service +1.52%
Lagging Sectors
Broadcasting -.99%
Hospitals -1.22%
Airlines -1.90%
Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Economic Calendar
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play
Afternoon Recommendations
Goldman Sachs:
- None of note
Afternoon/Evening Headlines
Bloomberg:
- US Treasuries may benefit as the government reduces its borrowings amid a narrower budget deficit, according to Tony Crescenzi, chief bond market strategist at Miller Tabak.
- Police found explosives in a car parked near a railway station in the town of Luton north of London, citing the British Press Assoc.
- US Treasuries fell, with the 10-year note falling the most in a week, as economists increased their growth forecasts, reinforcing expectations the Federal Reserve will keep raising its interest-rate target.
- Oil prices rose for the first session in four on worries that hurricanes would cut supply.
AFP:
- Iranian negotiators said the country will resume uranium enrichment and reject any European Union plan that doesn’t recognize Iran’s right to carry out nuclear activity.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Retail and Networking longs. I took profits in an existing long in the afternoon and added NOK long, thus leaving the Portfolio 100% net long. I am using a $17 stop-loss on this position. The tone of the market was slightly positive today as the advance/decline line finished modestly higher, sector performance was mixed and volume was below average. Measures of investor anxiety were mostly lower into the close. Overall, today’s market action was positive. Here is a summary of Platts' Energy Inventory Estimates for tomorrow:
• Crude Stocks: -3.5 million barrels
• Gasoline Stocks: -950,000 barrels
• Distillate Stocks: +2.5 million barrels
• Refinery Utilization: -1.5% to 96.6%.
I expect traders to continue to focus on the distillate number as the perception that 4Q demand will exceed supply persists.
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