S&P 500 1,192.72 -.19%
DJIA 10,257.86 -.13%
NASDAQ 2,070.10 +.07%
Russell 2000 648.19 -.01%
DJ Wilshire 5000 11,893.86 -.17%
S&P Barra Growth 568.55 -.17%
S&P Barra Value 619.81 -.25%
Morgan Stanley Consumer 565.14 -.43%
Morgan Stanley Cyclical 713.65 -.42%
Morgan Stanley Technology 475.49 -.06%
Transports 3,500.67 -.58%
Utilities 384.15 +.26%
Put/Call 1.18 +22.92%
NYSE Arms 1.41 -6.66%
Volatility(VIX) 12.98 +5.87%
ISE Sentiment 153.00 -34.05%
US Dollar 90.30 -.09%
CRB 312.57 +.90%
Futures Spot Prices
Crude Oil 59.40 -3.07%
Unleaded Gasoline 177.00 -1.11%
Natural Gas 7.28 -5.31%
Heating Oil 172.95 -3.72%
Gold 424.30 -.05%
Base Metals 120.60 -.43%
Copper 153.55 +.36%
10-year US Treasury Yield 4.03% -.86%
Leading Sectors
Homebuilders +1.95%
Biotech +1.15%
HMOs +.50%
Lagging Sectors
Airlines -.82%
Oil Service -.92%
Tobacco -1.04%
BOTTOM LINE: The Portfolio is higher mid-day on gains in my Internet, Retail and Homebuilding longs. I have not traded today, thus leaving the Portfolio 75% net long. The tone of the market is neutral as the advance/decline line is slightly lower, sector performance is mixed and volume is above average. Measures of investor anxiety are mostly higher. Today’s overall market action is positive considering the largest attacks on British soil since WWII. European economies, already stagnate, will likely move more quickly towards negative growth as a result of the attacks. This will further damp demand for commodities during the next few quarters. I expect US stocks to trade mixed-to-higher into the close on short-covering, bargain hunting and lower energy prices.
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