S&P 500 1,225.42 -.09%
DJIA 10,617.66 -.11%
NASDAQ 2,150.30 -.12%
Russell 2000 661.27 -.26%
DJ Wilshire 5000 12,204.00 -.08%
S&P Barra Growth 586.36 -.11%
S&P Barra Value 634.75 -.07%
Morgan Stanley Consumer 584.56 +.36%
Morgan Stanley Cyclical 740.22 -.15%
Morgan Stanley Technology 498.73 -.35%
Transports 3,631.56 -.83%
Utilities 391.62 -.27%
Put/Call .68 -2.86%
NYSE Arms 1.13 +59.92%
Volatility(VIX) 10.26 -5.09%
ISE Sentiment 167.00 +20.14%
US Dollar 89.64 +.18%
CRB 310.10 +.32%
Futures Spot Prices
Crude Oil 58.30 +.87%
Unleaded Gasoline 168.70 +.12%
Natural Gas 7.98 +1.73%
Heating Oil 166.50 +.49%
Gold 421.50 +.31%
Base Metals 123.65 +.08%
Copper 156.20 +.97%
10-year US Treasury Yield 4.17% +.05%
Leading Sectors
Restaurants +2.34%
Homebuilders +.99%
Biotech +.91%
Lagging Sectors
Papers -1.22%
Gold & Silver -1.31%
Airlines -1.82%
BOTTOM LINE: The Portfolio is unchanged mid-day as gains in my Tech and Retail longs are offsetting losses in my Medical longs. I have not traded today, thus leaving the Portfolio 100% net long. The tone of the market is slightly negative as the advance/decline line is modestly lower, sector performance is mixed and volume is below average. Measures of investor anxiety are mostly lower. Today’s overall market action is neutral considering recent gains and positive economic reports. According to a report I received today from Citigroup, the spread between the 55-week and 200-week moving averages for crude is the widest ever. They are calling for a decline to at least $47 a barrel and possibly $35 a barrel. I expect US stocks to trade mixed-to-higher into the close on short-covering and more optimism.
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