S&P 500 1,229.01 -.39%
DJIA 10,686.44 -.10%
NASDAQ 2,186.74 -.65%
Russell 2000 656.23 -1.16%
DJ Wilshire 5000 12,267.12 -.46%
S&P Barra Growth 589.26 -.13%
S&P Barra Value 635.46 -.63%
Morgan Stanley Consumer 590.94 -.16%
Morgan Stanley Cyclical 747.59 -.49%
Morgan Stanley Technology 513.21 -.48%
Transports 4,006.16 -1.31%
Utilities 388.18 +.44%
Put/Call .82 -9.89%
NYSE Arms .86 +11.24%
Volatility(VIX) 12.23 +.41%
ISE Sentiment 178.00 -3.26%
US Dollar 92.00 -.14%
CRB 312.73 -.75%
Futures Spot Prices
Crude Oil 56.98 -1.23%
Unleaded Gasoline 146.55 -2.05%
Natural Gas 11.51 -.79%
Heating Oil 168.50 -2.62%
Gold 469.00 -.02%
Base Metals 139.10 -.66%
Copper 193.00 +.86%
10-year US Treasury Yield 4.55% -1.03%
Leading Sectors
Hospitals +1.25%
HMOs +.75%
Utilities +.44%
Lagging Sectors
Airlines -2.52%
Retail -2.61%
Oil Tankers -3.40%
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 AIG.
Afternoon/Evening Headlines
Bloomberg:
- The US Senate Finance Committee dropped provisions that would have extended the 2004 tax cuts on capital gains and dividends from its tax-cut package, in an effort to get the legislation before the full chamber where Republicans plan to attach the tax breaks.
- Cisco Systems plans to sell a wireless fidelity, or Wi-Fi, product to take advantage of rising demand from cities for high-speed wireless networks.
AP:
- Jordan’s national security adviser and 10 other top officials resigned today following last week’s bombings in the capital Amman.
BOTTOM LINE: The Portfolio finished lower today on losses in my Internet longs, Retail longs, Software longs and Medical Information Systems longs. I took some profits in longs and added to my IWM and QQQQ shorts in the afternoon, thus leaving the Portfolio 50% net long. The tone of the market was negative today as the advance/decline line finished substantially lower, most sectors fell and volume was average. Measures of investor anxiety were mostly higher into the close. Overall, today's market action was negative. The CRB Index fell again today to 312.73. This is down about 7% since Sept. 1. The index is approaching its 200-day moving-average at around 311. It has not touched this level since January. Moreover, the long-term uptrend that began in the fourth quarter of 2001 would be broken at around 300. I expect both these key technical levels to give way before year-end, which bodes very well for decelerating inflation readings and lower long-term rates going forward.
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