S&P 500 1,214.47 -1.0%
DJIA 10,441.11 -.90%
NASDAQ 2,139.36 -.75%
Russell 2000 663.84 -1.0%
DJ Wilshire 5000 12,157.59 -1.0%
S&P Barra Growth 580.39 -.83%
S&P Barra Value 629.89 -1.15%
Morgan Stanley Consumer 587.05 +.21%
Morgan Stanley Cyclical 719.70 -1.09%
Morgan Stanley Technology 503.53 -.96%
Transports 3,695.78 -1.09%
Utilities 429.35 -1.89%
Put/Call .78 -11.36%
NYSE Arms 1.36 +27.18%
Volatility(VIX) 13.20 +5.94%
ISE Sentiment 212.00 -9.28%
US Dollar 90.13 +.04%
CRB 329.72 -1.05%
Futures Spot Prices
Crude Oil 63.86 -.06%
Unleaded Gasoline 202.00 +.21%
Natural Gas 14.29 +.50%
Heating Oil 205.25 +.14%
Gold 469.50 +.04%
Base Metals 130.33 +1.06%
Copper 175.95 -.37%
10-year US Treasury Yield 4.36% -.32%
Leading Sectors
Airlines +2.90%
Drugs +.66%
Disk Drives +.66%
Lagging Sectors
Energy -3.60%
Oil Tankers -3.66%
Computer Hardware -3.72%
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 SLB, CSCO and GE.
- Rated IMCL Outperform.
Banc of America:
- Upgraded EXTR, ANDW and FRX to Buy.
Afternoon/Evening Headlines
Bloomberg:
- One billion people may die from smoking-related illnesses this century, citing Oxford University’s Professor Robert Peto.
- Google and Sun Microsystems will jointly offer online word processing and spreadsheet functions in a direct challenge to Microsoft’s Office products.
- Prudential Equity Group LLC fired its chief technical strategist, Ralph Acampora, as the firm shut its technical analysis department to cut costs.
- Crude oil and gas futures dropped sharply on signs that record prices are curtailing fuel demand as refiners repair units damaged by the hurricanes.
Financial Times:
- Procter & Gamble is considering using alternative ingredients, such as palm kernel oil or coconut oil, to replace crude oil used in detergents and shampoos, to reduce the effects of volatile oil prices, citing the company.
BOTTOM LINE: The Portfolio finished substantially higher today on gains in my Medical longs, Semiconductor longs, Airline longs and Energy-related shorts. I added to my IWM and QQQQ shorts and added OS short in the afternoon, thus leaving the Portfolio 25% net long. The tone of the market was negative today as the advance/decline line finished at session lows, most sectors fell and volume was above average. Measures of investor anxiety were mostly higher into the close. Overall, today’s market action was negative. I continue to expect stocks to trade mixed until later in the month when I expect a vigorous year-end rally to begin.
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