S&P 500 1,350.66 +.08%
DJIA 11,857.81 +.06%
NASDAQ 2,311.77 +.51%
Russell 2000 744.57 +.64%
Wilshire 5000 13,492.61 +.18%
S&P Barra Growth 626.55 -.02%
S&P Barra Value 722.05 +.17%
Morgan Stanley Consumer 654.40 +.23%
Morgan Stanley Cyclical 842.56 +.60%
Morgan Stanley Technology 542.38 +.88%
Transports 4,581.56 +.26%
Utilities 428.88 -.06%
Put/Call .96 unch.
NYSE Arms 1.07 +.91%
Volatility(VIX) 11.68 +1.04%
ISE Sentiment 111.0 +.91%
US Dollar 86.54 +.03%
CRB 303.56 +1.12%
Futures Spot Prices
Crude Oil 59.90 +.23%
Unleaded Gasoline 149.95 -.31%
Natural Gas 6.34 -1.28%
Heating Oil 172.57 +1.87%
Gold 580.0 -.48%
Base Metals 237.96 +3.10%
Copper 341.20 -.03%
10-year US Treasury Yield 4.69% unch.
Leading Sectors
Steel +2.35%
Homebuilders +1.66%
Computer Hardware +1.20%
Lagging Sectors
Hospitals -.99%
Energy -1.24%
Oil Service -1.68%
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
UBS:
- Rated (HAIN) Buy, target $31.
Citigroup:
- Rated (VAR) Buy, target $62.
- Rated (SPNC) Buy, target $17.
- Rated (HOLX) Buy, target $55.
Afternoon/Evening Headlines
Bloomberg:
- OPEC will rely on an informal agreement among members to cut supplies and won’t hold an emergency meeting, a spokesman for the group’s president said.
- Monster Worldwide(MNST) said founder Andrew McKelvey resigned as chairman and CEO, citing the time consumed by a probe of stock-options grants.
- Google(GOOG) agreed to buy YouTube Inc. for $1.65 billion in stock, adding the largest video-sharing site on the Web and an audience that watches more than 100 million clips a day.
BOTTOM LINE: The Portfolio finished higher today on gains in my Medical longs, Internet longs, Biotech longs, and Semi longs. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, most sectors rose and volume was heavy. Measures of investor anxiety were mostly higher into the close. Overall, today's market performance was mildly bullish. The underlying tone was even better as many market-leading stocks posted substantial gains. Oil finished only .20 higher, losing almost all of the morning’s OPEC cut announcement gains. I still expect oil to head into the low 50s before year-end. The CBOE total put/call and NYSE Arms are finished near session highs at above-average levels. As well, the ISE Sentiment Index is finished near session lows, at a low 111.0. I expect further gains in the major averages in the near-term as investors continue remain very skeptical of the advance.
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