S&P 500 1,288.12 +.12%
DJIA 11,129.97 +.36%
NASDAQ 2,314.68 +.19%
Russell 2000 747.77 +.76%
Wilshire 5000 13,016.55 +.17%
S&P Barra Growth 604.38 +.03%
S&P Barra Value 680.86 +.21%
Morgan Stanley Consumer 599.00 +.07%
Morgan Stanley Cyclical 827.93 +.61%
Morgan Stanley Technology 548.01 +.05%
Transports 4,630.64 +.25%
Utilities 384.91 +.13%
Put/Call .81 -19.0%
NYSE Arms .82 -36.94%
Volatility(VIX) 12.76 -1.85%
ISE Sentiment 135.00 -11.76%
US Dollar 89.60 +.18%
CRB 340.63 +.04%
Futures Spot Prices
Crude Oil 68.41 -.31%
Unleaded Gasoline 206.71 -1.15%
Natural Gas 6.76 -.69%
Heating Oil 196.57 -.45%
Gold 601.70 +.07%
Base Metals 196.47 +2.30%
Copper 276.70 -.16%
10-year US Treasury Yield 4.97% +1.18%
Leading Sectors
Gold & Silver +2.42%
HMOs +1.92%
Biotech +1.15%
Lagging Sectors
Oil Service -.78%
Homebuilders -1.03%
Oil Tankers -4.54%
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
- None of note
Afternoon/Evening Headlines
Bloomberg:
- Sears Holdings(SHLD) Chairman Ed Lampert said he is committed to building the retailer and does not plan to sell large portions of real estate.
- China is concerned about Iran’s decision to accelerate uranium enrichment and wants the government in Tehran to heed international criticism of the move, China’s ambassador to the UN said.
- Google(GOOG) may buy companies in China to expand in the world’s second-largest online market.
- Advanced Micro Devices(AMD) posted its biggest profit in more than five years in the first quarter after taking sales from Intel Corp.(INTC).
- US Treasuries fell on speculation government reports this week will add to evidence the economy is growing fast enough for the Federal Reserve to keep raising interest rates.
- Crude oil fell after an Energy Department report showed that US Gulf oil inventories surged to the highest since record-keeping began in 1990 and overall US supplies hit an 8 year high.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Networking longs, Biotech longs and Energy-related shorts. I did not trade in the final hour, thus leaving the Portfolio 50% net long. The tone of the market was modestly positive today as the advance/decline line finished slightly higher, sector performance was mostly positive and volume was very light. Measures of investor anxiety were mostly lower into the close. Overall, today's market performance was mildly bullish. The fact that stocks rose at all given another jump in long rates and oil still near $70 per barrel is impressive. The rise in the 10-year yield without much market-moving news likely foreshadows higher rates in the near-term. I want to see the market's reaction to tomorrow's economic data before shifting market exposure.
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