S&P 500 1,254.85 +.53%
DJIA 10,820.28 +.50%
NASDAQ 2,241.67 +.66%
Russell 2000 678.96 +1.0%
DJ Wilshire 5000 12,543.34 +.60%
S&P Barra Growth 601.49 +.56%
S&P Barra Value 648.98 +.50%
Morgan Stanley Consumer 593.61 +.04%
Morgan Stanley Cyclical 767.96 +.43%
Morgan Stanley Technology 527.92 +.30%
Transports 4,156.48 +.38%
Utilities 397.69 +.31%
Put/Call .79 +27.42%
NYSE Arms .77 +5.45%
Volatility(VIX) 10.82 -2.70%
ISE Sentiment 226.00 +24.86%
US Dollar 92.04 +.11%
CRB 313.63 +.28%
Futures Spot Prices
Crude Oil 57.68 -.03%
Unleaded Gasoline 145.73 -.32%
Natural Gas 11.40 +.65%
Heating Oil 170.95 +.78%
Gold 491.90 +.47%
Base Metals 142.62 +1.0%
Copper 190.75 -.18%
10-year US Treasury Yield 4.46% -.48%
Leading Sectors
Steel +3.78%
Oil Service +2.74%
Gold & Silver +2.55%
Lagging Sectors
Computer Services -.94%
Airlines -1.59%
Disk Drives -1.91%
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 GNW.
Afternoon/Evening Headlines
Bloomberg:
- Vice President Dick Cheney said the administration won’t set a timetable for withdrawing US troops from Iraq and that Iraqi forces are making progress toward securing the country on their own.
- Sprint Nextel, the third-largest US mobile phone provider, agreed to buy affiliate Alamosa Holdings for $3.4 billion to end a legal dispute and gain almost 1.5 million direct customers.
- Palm’s third-largest shareholder is demanding the maker of Treo phones and Palm handheld devices take steps to boost its stock price, including a share buyback or a possible sale of the company.
- Pfizer may pay Incyte as much as $803 million for rights to experimental medicines against diseases including rheumatoid arthritis.
- Robert Johnson, who became a billionaire after selling Black Entertainment Television, is starting a hedge-fund venture with Deutsche Bank AG in his aim to develop the largest money manager owned by black Americans.
BOTTOM LINE: The Portfolio finished higher today on gains in my Internet longs, Retail longs, Medical longs and Homebuilding longs. I did not trade in the afternoon, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, almost every sector rose and volume was about average. Measures of investor anxiety were mixed into the close. Overall, today's market action was positive. As I predicted last week, the S&P 500 is making a new 52-week high. I am beginning to sense some panic in the short-selling community as the averages grind higher on little news during a holiday-shortened week. Take a look at Overstock.com (OSTK) for evidence. This controversial stock, with 62% of the float sold short, is breaking up through its 200-day moving average and has gained 28% in less than a month on above-average volume.
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