S&P 500 1,230.04 +.52%
DJIA 10,816.92 +1.03%
NASDAQ 2,086.00 +.65%
Russell 2000 677.09 +.65%
Wilshire 5000 12,327.68 +.49%
S&P Barra Growth 572.15 +.72%
S&P Barra Value 655.80 +.32%
Morgan Stanley Consumer 597.27 +.63%
Morgan Stanley Cyclical 783.45 +.82%
Morgan Stanley Technology 475.94 +.71%
Transports 4,470.94 +.67%
Utilities 403.95 -.68%
Put/Call 1.12 -20.0%
NYSE Arms .59 -55.10%
Volatility(VIX) 21.46 -9.87%
ISE Sentiment 89.0 -29.92%
US Dollar 86.11 -.43%
CRB 332.03 +.55%
Futures Spot Prices
Crude Oil 69.19 +.07%
Unleaded Gasoline 203.75 +.08%
Natural Gas 6.59 +6.93%
Heating Oil 193.59 +.22%
Gold 557.50 -1.59%
Base Metals 199.99 +1.61%
Copper 303.00 -.85%
10-year US Treasury Yield 5.05% +1.94%
Leading Sectors
Steel +3.11%
Oil Service +2.71%
Energy +2.56%
Lagging Sectors
Utilities -.68%
HMOs -.82%
Banks -1.06%
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
UBS:
- Upgraded (SND) to Buy, target $70.
Afternoon/Evening Headlines
Bloomberg:
- Papa John’s Intl.(PZZA) plans to open 500 stores in India over the next decade as it seeks to grow internationally.
- The Bush administration wants Marathon Oil Corp.(MRO), Kerr-McGee(KMG) and 54 other oil and gas producers to renegotiate Gulf of Mexico drilling leases that let them avoid paying as much as $10 billion in government fees.
- Interest-rate futures are suggesting for the first time that the Fed will raise interest rates in August after US consumer prices excluding food and energy rose more than forecast.
- Gold fell for a seventh straight session, matching the longest slide since July 2004, as speculators continued liquidating positions in the metal.
BOTTOM LINE: The Portfolio finished about unchanged today as gains in my Retail longs, Networking longs and Semi longs offset losses in my Energy-related and Base Metal shorts. I did not trade in the final hour, thus leaving the Portfolio 50% net long. The tone of the market was slightly positive today as the advance/decline line finished slightly higher, sector performance was mixed and volume was above average. Measures of investor anxiety were mostly lower into the close. Overall, today's market performance was mildly bullish. Commodity stocks paced today's advance, which is a negative for the broad market. As well, financials underperformed throughout the day, and a number of market-leading equities did not participate in today's gains. I would like to see a higher quality advance before further increasing market exposure.
No comments:
Post a Comment