S&P 500 1,290.15 +.37%
DJIA 11,011.90 +.48%
NASDAQ 2,318.69 +.57%
Russell 2000 706.24 +.98%
DJ Wilshire 5000 n/a
S&P Barra Growth 617.53 +.36%
S&P Barra Value 668.13 +.37%
Morgan Stanley Consumer 604.86 +.79%
Morgan Stanley Cyclical 814.43 +.78%
Morgan Stanley Technology 553.11 -.03%
Transports 4,238.34 +.57%
Utilities 413.21 -.47%
Put/Call .68 +4.62%
NYSE Arms 1.07 +25.25%
Volatility(VIX) 11.13 +1.18%
ISE Sentiment 190.00 +23.38%
US Dollar 89.24 +.36%
CRB 337.33 -.63%
Futures Spot Prices
Crude Oil 63.42 -.13%
Unleaded Gasoline 176.15 -.35%
Natural Gas 9.51 +1.62%
Heating Oil 176.00 -.44%
Gold 550.50 unch.
Base Metals 157.61 +1.26%
Copper 210.10 +.19%
10-year US Treasury Yield 4.37% -.14%
Leading Sectors
Homebuilders +3.48%
Disk Drives +2.85%
Biotech +1.79%
Lagging Sectors
Oil Tankers -.68%
Coal -.69%
HMOs -1.20%
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:
- None of note
Afternoon/Evening Headlines
Bloomberg:
- The Dow Jones Industrial Average climbed above 11,000 for the first time in more than four years, as a slide in oil prices helped extend a 2006 rally in stocks.
- Intel Corp.(INTC) urged the US Supreme Court to consider Research In Motion’s(RIMM) appeal of a patent-infringement finding against its BlackBerry e-mail devices, saying the case “cries out for clarification.”
- Federal Reserve policy makers are scaling back guidance on future interest-rate decisions because they don’t know the “full economic effect” of the 13 increases since June 2004, Atlanta Fed President Jack Guynn said.
Financial Times:
- News Corp.(NWS) forecasts a surge in the revenue of the media company’s Internet businesses, citing Chairman Rupert Murdoch.
- A record 20 million music tracks were downloaded in the US from the Internet in the week ended Dec. 31 after a rise in the number of MP3 players sold in 2005, citing Neilson SoundScan.
BOTTOM LINE: The Portfolio finished higher today on gains in my Semi longs, Medical longs and Biotech longs. I did not trade today, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, most sectors rose and volume was above average. Measures of investor anxiety were mostly higher into the close. Overall, today’s action was bullish considering the DJIA finally closed above 11,000 and consumer credit came in below expectations. These are the types of days that you want to see if you are bullish. Slow, grinding higher action, with the bears repeatedly sucked in. It still looks like stocks can head higher short-term before any real consolidation occurs.
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