S&P 500 1,336.59 +.02%
DJIA 11,689.24 +.17%
NASDAQ 2,263.39 +.09%
Russell 2000 732.54 +.40%
Wilshire 5000 13,339.18 +.10%
S&P Barra Growth 620.89 +.13%
S&P Barra Value 713.55 -.09%
Morgan Stanley Consumer 655.21 +.27%
Morgan Stanley Cyclical 821.31 -.16%
Morgan Stanley Technology 530.80 -.18%
Transports 4,480.38 +.62%
Utilities 434.82 +1.17%
Put/Call .84 -6.67%
NYSE Arms 1.11 +57.47%
Volatility(VIX) 11.58 +.43%
ISE Sentiment 115.0 -1.71%
US Dollar 85.67 +.05%
CRB 304.32 +1.20%
Futures Spot Prices
Crude Oil 62.99 +3.25%
Unleaded Gasoline 153.55 +2.93%
Natural Gas 5.66 -2.50%
Heating Oil 171.50 +3.45%
Gold 607.80 +.75%
Base Metals 233.22 +1.40%
Copper 347.85 -.24%
10-year US Treasury Yield 4.59% +.25%
Leading Sectors
Oil Service +1.90%
Disk Drives +1.63%
Biotech +1.47%
Lagging Sectors
Homebuilders -1.23%
Airlines -1.76%
Telecom -2.25%
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
CSFB:
- Rated (GILD) Outperform.
- Rated (AMGN) Underperform.
Afternoon/Evening Headlines
Bloomberg:
- Pennsylvania approved the first slot-machine licensees in the state, allowing five horse-racing facilities to add the devices.
- Texas Pacific Group, the leveraged buyout firm run by David Bonderman and James Coulter, raised about $15 billion, the second-biggest fund ever for takeovers.
- Hewlett-Packard(HPQ) Chairman and CEO Mark Hurd has the unanimous support of the board as he attempts to contain the scandal over a probe into the source of board leaks, director Robert Ryan said.
- A gunman, possibly armed with a bomb, took hostages at a high school outside Denver today and shots were reported fired, authorities said.
- President Bush will be confronting a growing rift between two crucial allies in the war against terrorism when he brings the presidents of Afghanistan and Pakistan to the White House for a dinner meeting tonight.
- Verizon Communications(VZ) said it plans to spend $22.9 billion expanding its fiber-optic Internet and television network through 2010, placing a price tag on the project for the first time.
- The US needs to add 40% more doctors who practice general medicine by 2020 to help care for an aging population, a medical group says.
- Crude oil rose 3.2% as speculators covered bets that the commodity would fall.
- Chesapeake Energy(CHK), the second-biggest independent natural-gas producer in the US, said it will idle about 6% of its output because of excess supply and a plunge in prices for the commodity.
- Natural-gas futures in NY plunged to their lowest in almost four years as mild weather cut demand and brimming inventories pared the need for fresh purchases.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Medical longs, Biotech longs and Retail longs. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was modestly positive today as the advance/decline line finished higher, sector performance was mixed and volume was above average. Measures of investor anxiety were mostly higher into the close. Overall, today's market performance was modestly bullish. U.S. gasoline supplies are now at the highest level since 1991 for this time of the year. Implied gasoline demand rose 0.6% for the week vs. a 20-year average of 1.7% demand growth. Moreover, distillate stocks are 18% above the five-year average for this time of the year as we head into the winter. Oil traded up on short-covering today. This bounce could last a few days as oil was getting very oversold technically. The 10-year was only slightly lower today despite the better housing data and recent gains. While the DJIA failed to close at a new high, I like the set-up for new highs by next week. A number of growth stock leaders are finally exhibiting significant upside momentum.
No comments:
Post a Comment