Stocks Higher into Final Hour as Long-term Rates Fall and Shorts Cover

BOTTOM LINE: The Portfolio is slightly lower into the final hour on losses in my Computer longs and Energy-related shorts. I have not traded today, thus leaving the Portfolio 100% net long. The tone of the market is positive as the advance/decline line is higher, most sectors are higher and volume is below average. It is interesting to note that over the last two days, the ISE Sentiment Index declined 52% to an all-time low of 65.0 this morning. This is a positive, especially considering the magnitude of yesterday's advance. Copper reversed morning gains and looks like it may have put in another top. I expect US stocks to trade modestly higher into the close from current levels on short-covering, bargain hunting and lower long-term rates.