S&P 500 1,353.42 +.20%
DJIA 11,867.17 +.08%
NASDAQ 2,315.43 +.16%
Russell 2000 745.88 +.18%
Wilshire 5000 13,525.25 +.24%
S&P Barra Growth 627.56 +.16%
S&P Barra Value 723.82 +.25%
Morgan Stanley Consumer 654.23 -.03%
Morgan Stanley Cyclical 849.10 +.78%
Morgan Stanley Technology 541.87 -.09%
Transports 4,640.32 +1.28%
Utilities 432.61 +.87%
Put/Call .80 -16.67%
NYSE Arms .69 -35.65%
Volatility(VIX) 11.52 -1.37%
ISE Sentiment 148.0 +20.3%
US Dollar 87.02 +.54%
CRB 299.40 -1.37%
Futures Spot Prices
Crude Oil 58.58 -2.30%
Unleaded Gasoline 146.78 -1.81%
Natural Gas 6.53 +1.57%
Heating Oil 168.18 -2.77%
Gold 577.40 +.21%
Base Metals 236.08 -.79%
Copper 339.0 +.36%
10-year US Treasury Yield 4.75% +1.23%
Leading Sectors
Oil Service +2.18%
Homebuilders +2.03%
Energy +1.60%
Lagging Sectors
Networking -.77%
HMOs -.77%
Hospitals -.77%
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:
- US gasoline at the pump fell for a ninth week, dropping 4.9 cents to a nationwide average $2.26 a gallon, the DOE said.
- Crude oil fell another $1.37/bbl.to $58.59/bbl., the lowest since February, after Saudi Arabia’s state oil company told customers in Asia and Europe to expect no cutbacks in their supplies next month.
- Symantec(SYMC) will release a series of Internet-based products and services to stave off growing competition from Microsoft(MSFT). As part of the effort, dubbed “Security 2.0,” Symantec will support VeriSign’s(VRSN) Identity Protection Service, which lets consumer use one-time passwords to protect their identities, and will work with Accenture(ACN).
- UK Prime Minister Tony Blair said his cabinet minister Jack Straw’s request for an open debate on Muslim women wearing full face veils was “perfectly sensible,” citing Blair.
- Two Hollywood studios will begin selling movie downloads through Apple Computer’s(AAPL) iTunes online store within the next six months, according to Piper Jaffray analyst Gene Munster.
- Legg Mason(LM) said fiscal second-quarter earnings were lower than analysts’ estimates because of a decline in revenue and higher distribution costs.
- Alcoa(AA) said rising prices drove third-quarter profit 86% higher, less than analysts estimated. The shares fell 9.5% in after hours trading.
- Genentech(DNA) said third-quarter profit rose 58% on sales of cancer medicines and a new treatment for age-related vision loss.
BOTTOM LINE: The Portfolio finished slightly lower today on losses in my Semi longs and Commodity shorts. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was slightly positive today as the advance/decline line finished about even, sector performance was mixed and volume was about average. Measures of investor anxiety were mostly lower into the close. Overall, today's market performance was neutral. I would classify today's action as a healthy consolidation of recent gains. Under Armour (UARM) the finished the day at record highs on above average volume and call activity. There are more acquisition rumors floating around. I remain long the stock. The bears were again unable to gain downside traction this morning. I suspect this will remain the case until the current extraordinary bearish complacency comes to an end.
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