S&P 500 1,267.34 +.15%
DJIA 11,103.55 +.12%
NASDAQ 2,116.93 -.62%
Russell 2000 709.08 -.03%
Wilshire 5000 12,739.66 +.08%
S&P Barra Growth 584.58 +.12%
S&P Barra Value 681.28 +.18%
Morgan Stanley Consumer 614.39 +.72%
Morgan Stanley Cyclical 816.27 +.43%
Morgan Stanley Technology 475.65 -1.31%
Transports 4,861.30 +.37%
Utilities 418.86 +.53%
Put/Call .93 +4.49%
NYSE Arms 1.27 -16.35%
Volatility(VIX) 14.02 +.36%
ISE Sentiment 159.00 +28.23%
US Dollar 85.48 +.55%
CRB 346.67 -.40%
Futures Spot Prices
Crude Oil 73.44 -.23%
Unleaded Gasoline 217.05 -.19%
Natural Gas 5.61 +.04%
Heating Oil 196.15 -.15%
Gold 625.50 -.10%
Base Metals 228.81 +.61%
Copper 355.75 -.70%
10-year US Treasury Yield 5.12% unch.
Leading Sectors
Airlines +1.69%
HMOs +1.11%
REITs +1.09%
Lagging Sectors
Semis -2.20%
Networking -2.41%
Disk Drives -2.60%
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:
- The US, Japan and other backers of a UN resolution aimed at cracking down on North Korea’s ballistic missile program delayed a vote on the draft measure to give China a chance to reach a diplomatic solution.
- Alcoa Inc.(AA) said second-quarter profit surged 62% to a record $744 million on higher prices and increased demand from makers of aircraft, building materials and drink cans.
AP:
- One billion people could die from tobacco use by the end of the century, 10 times the mortality rate of the last century, citing public health officials.
BOTTOM LINE: The Portfolio finished slightly lower today on losses in my Semi longs, Networking longs and Medical longs. I covered some of my (IWM) and (QQQQ) shorts in the final hour, thus leaving the Portfolio 50% net long. The tone of the market was slightly negative today as the advance/decline line finished modestly lower, sector performance was mixed and volume was below average. Measures of investor anxiety were mixed into the close. Overall, today's market performance was mildly bearish. Meaningful losses were mainly confined to the tech sector. On the positive side, volume was below average, oil fell slightly, bears were unable to gain significant traction and bonds maintained recent gains. I am looking for more choppiness in the near term for the major averages.
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