S&P 500 1,233.87 +.28%
DJIA 10,634.38 +.32%
NASDAQ 2,167.04 +.47%
Russell 2000 665.64 +.85%
DJ Wilshire 5000 12,296.21 +.29%
S&P Barra Growth 591.21 +.26%
S&P Barra Value 638.29 +.31%
Morgan Stanley Consumer 591.92 +.58%
Morgan Stanley Cyclical 757.63 +.11%
Morgan Stanley Technology 502.49 +.48%
Transports 3,761.59 +.37%
Utilities 397.14 +.27%
Put/Call .66 -48.44%
NYSE Arms .89 -35.74%
Volatility(VIX) 12.26 -3.77%
ISE Sentiment 224.00 +60.0%
US Dollar 87.33 +.40%
CRB 318.91 -1.25%
Futures Spot Prices
Crude Oil 66.22 -.96%
Unleaded Gasoline 196.90 -1.79%
Natural Gas 9.50 -.87%
Heating Oil 187.07 -1.83%
Gold 447.40 -.04%
Base Metals 130.66 +.35%
Copper 170.75 unch.
10-year US Treasury Yield 4.28% +.91%
Leading Sectors
Disk Drives +2.40%
Computer Hardware +1.75%
Defense +1.10%
Lagging Sectors
Gold & Silver -.92%
Energy -1.00%
Oil Service -1.17%
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:
- Reiterated Outperform on S.
- Reiterated Underperform on DJ.
Afternoon/Evening Headlines
Bloomberg:
- Iraq’s parliament set a new deadline of Aug. 22 for drafting the country’s constitution, to give negotiators one week extra to work out their differences.
- Billionaire Carl Icahn reported that his investment partnerships acquired a $78.3 million stake in Morgan Stanley during the second quarter.
- US Treasuries fell after the NY Fed’s August survey showed manufacturing in its region expanded at the second-fastest pace this year.
- News Corp. gave Fox News Channel chairman Roger Ailes control of its television stations.
- Crude oil fell from a record on speculation that increased production will meet demand for gas in the final weeks of summer.
AP:
- Iraq’s leaders reached agreement on a draft constitution except for two key issues that will be left up to parliament to decide.
BOTTOM LINE: The Portfolio finished higher today on gains in my Medical, Retail and Computer longs. I added back to my IWM and QQQQ shorts, thus leaving the Portfolio 50% net long. The tone of the market was positive today as the advance/decline line finished higher, most sectors rose and volume was very light. Measures of investor anxiety remained lower into the close. Overall, today’s market action was modestly positive. Stocks will likely come under slight pressure tomorrow if the 10-year Treasury note yield moves back above 4.30% on the CPI and industrial production reports.
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