S&P 1,300.26 -.99%
DJIA 11,406.20 -.55%
NASDAQ 2,167.84 -1.72%
Russell 2000 712.04 -2.13%
Wilshire 5000 13,000.45 -1.14%
S&P Barra Growth 603.23 -1.04%
S&P Barra Value 695.04 -.94%
Morgan Stanley Consumer 642.96 -.39%
Morgan Stanley Cyclical 808.05 -1.03%
Morgan Stanley Technology 501.75 -2.22%
Transports 4,229.93 -1.76%
Utilities 434.73 -.77%
Put/Call 1.26 +29.90%
NYSE Arms 1.22 +46.15%
Volatility(VIX) 13.74 +8.79%
ISE Sentiment 102.00 +47.83%
US Dollar 85.13 +.15%
CRB 325.43 -.50%
Futures Spot Prices
Crude Oil 67.72 -1.28%
Unleaded Gasoline 164.90 +.15%
Natural Gas 5.95 -1.32%
Heating Oil 191.25 -1.23%
Gold 640.80 -.16%
Base Metals 236.40 +.57%
Copper 365.00 -.80%
10-year US Treasury Yield 4.79% +.29%
Leading Sectors
Foods -.15%
Banks -.18%
REITs -.41%
Lagging Sectors
Energy -3.3%
Alternative Energy -3.5%
Oil Service -3.85%
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
Oppenheimer:
- Rated (ADPI) Buy, target $20.
- Rated (MSCS) Buy, target $21.
Afternoon/Evening Headlines
Bloomberg:
- Crude oil fell to the lowest close in five months as speculators continued to cut bets on an impending production disruption.
- Home Depot(HD) said federal prosecutors requested information regarding its stock options practices.
- NY Attorney General Eliot Spitzer has dropped “key charges” against former American International Group(AIG) CEO Greenberg.
BOTTOM LINE: The Portfolio finished lower today on losses in my Semi longs, Computer longs and Retail longs. I added to my (EEM) short and added (IWM)/(QQQQ) hedges in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was very negative today as the advance/decline line finished substantially lower, every sector declined and volume was about average. Measures of investor anxiety were mostly higher into the close. Overall, today's market performance was bearish. The 10-year yield is finished near session lows at 4.79% on growth worries and falling commodity prices. I still see little evidence of a substantial slowdown in economic activity even as this continues to be factored into stock prices. Today's losses were mainly the result of profit-taking and buyer's apprehension ahead of what everyone believes will be a weak month for stocks.
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