Stocks Mixed into Final Hour as Strengh in Tech Offsets Weakness in Commodities

BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Medical longs, Internet longs, Networking longs and Energy-related shorts. I have not traded today, thus leaving the Portfolio 75% net long. The tone of the market is modestly negative as the advance/decline line is slightly lower, sector performance is mixed and volume is above average. Overall, today’s market action looks like a healthy consolidation of recent gains. I expect US stocks to trade mixed-to-higher into the close from current levels on lower energy prices, stable long-term rates and short-covering.