S&P 500 1,268.40 -.04%
DJIA 11,102.51 -.01%
NASDAQ 2,070.46 -.17%
Russell 2000 694.45 -.43%
Wilshire 5000 12,697.41 -.05%
S&P Barra Growth 584.62 -.09%
S&P Barra Value 682.36 +.02%
Morgan Stanley Consumer 617.03 -.43%
Morgan Stanley Cyclical 774.47 -.89%
Morgan Stanley Technology 460.00 -.37%
Transports 4,364.72 -2.75%
Utilities 435.85 +.49%
Put/Call 1.06 +58.21%
NYSE Arms 1.07 +36.48%
Volatility(VIX) 14.62 -1.55%
ISE Sentiment 167.00 +25.56%
US Dollar 85.89 -.87%
CRB 341.95 +.36%
Futures Spot Prices
Crude Oil 73.98 +.05%
Unleaded Gasoline 229.50 -.05%
Natural Gas 6.90 +.26%
Heating Oil 196.25 +.14%
Gold 636.00 +.20%
Base Metals 219.27 -1.23%
Copper 343.50 -.42%
10-year US Treasury Yield 5.02% -.68%
Leading Sectors
Oil Service +2.74%
Energy +1.88%
Telecom +1.46%
Lagging Sectors
Restaurants -1.74%
Retail -1.94%
Gaming -2.79%
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:
- Economic growth slowed across the US in the past month, while consumer-price and wage increases were “modest” on balance, the Beige Book showed.
- Lawmakers will finish work on legislation overhauling the private US pension system this afternoon, Senate Majority Leader Frist said.
- Treasuries rose for the first time in four days after the Beige Book showed economic growth slowed in the past month, prompting traders to reduce bets for another interest rate increase next month.
CNBC:
- Raymond James Financial(RJF) CEO James said that money management offers more opportunities for acquisitions.
BOTTOM LINE: The Portfolio finished slightly lower today on losses in my Medical longs, Semi longs and Commodity shorts. I added (SII), (IWM) and (QQQQ) shorts in the final hour, thus leaving the Portfolio 75% 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 above average. Measures of investor anxiety were mixed into the close. Overall, today's market performance was bullish. The Nasdaq reversed 17 points from the morning lows, despite Fed commentary suggesting weaker economic growth. Energy prices reversed all of today's gains into the afternoon. I want to see the market’s reaction to tomorrow’s economic data before further shifting market exposure.
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