BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Medical longs, Semi longs and Energy-related shorts. I added back (IWM) and (QQQQ) shorts, thus leaving the Portfolio 75% net long. The tone of the market is slightly positive as the advance/decline line is modestly higher, most sectors are higher and volume is heavy. I expect US stocks to trade mixed-to-lower into the close from current levels as losses in commodity stocks and other momentum favorites more than offset lower energy prices and long-term rates.
Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Thursday, February 09, 2006
Stocks Mixed into Final Hour as More Weakness in Commodity Stocks Offsets Positives
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment