S&P 500 1,243.53 -.05%
DJIA 10,674.42 -.10%
NASDAQ 2,216.93 -.09%
Russell 2000 684.78 -.54%
DJ Wilshire 5000 12,425.52 -.13%
S&P Barra Growth 596.41 -.15%
S&P Barra Value 642.11 -.04%
Morgan Stanley Consumer 590.98 -.20%
Morgan Stanley Cyclical 762.23 -.37%
Morgan Stanley Technology 507.54 +.04%
Transports 3,793.47 -.62%
Utilities 406.01 +.89%
Put/Call .80 -14.89%
NYSE Arms .91 -2.18%
Volatility(VIX) 11.83 +.68%
ISE Sentiment 258.00 +53.57%
US Dollar 88.00 -.86%
CRB 316.52 -.33%
Futures Spot Prices
Crude Oil 61.60 -.47%
Unleaded Gasoline 179.15 +.56%
Natural Gas 8.34 -.39%
Heating Oil 170.50 -1.17%
Gold 442.70 +1.14%
Base Metals 128.33 +.16%
Copper 167.15 +.54%
10-year US Treasury Yield 4.29% -.92%
Leading Sectors
Gold & Silver +4.41%
Utilities +1.28%
HMOs +1.07%
Lagging Sectors
Steel -1.02%
Homebuilders -1.09%
Airlines -1.24%
BOTTOM LINE: The Portfolio is higher mid-day on gains in my Medical, Retail and Semiconductor 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 about average. Measures of investor anxiety are mixed. Today’s overall market action is neutral considering recent gains. The chairman of the board of Barnes & Noble (BKS) has been adding shares even as the stock is close to an all-time high. He recently purchased 12,500 shares at an average price of $40.88. This is the 10th purchase by an insider since the beginning of July. Goldman recently downgraded BKS to Underperform. I do not have a position in this stock. I expect US stocks to trade modestly higher from current levels into the close on short-covering and lower energy prices.
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