S&P 500 1,413.04 +.23%
DJIA 12,328.48 +.17%
NASDAQ 2,442.86 +.23%
Russell 2000 793.07 +.06%
Wilshire 5000 14,199.42 +.19%
S&P Barra Growth 652.97 +.11%
S&P Barra Value 758.26 +.34%
Morgan Stanley Consumer 686.32 -.01%
Morgan Stanley Cyclical 892.80 -.05%
Morgan Stanley Technology 571.62 +.17%
Transports 4,740.93 +.44%
Utilities 457.38 +.32%
Put/Call .74 -5.13%
NYSE Arms 1.21 +43.56%
Volatility(VIX) 10.71 -11.27%
ISE Sentiment 162.0 +9.46%
US Dollar 83.18 -.13%
CRB 312.08 -.10%
Futures Spot Prices
Crude Oil 61.29 -1.19%
Reformulated Gasoline 160.10 -1.0%
Natural Gas 7.45 -1.44%
Heating Oil 172.95 -1.58%
Gold 634.60 +.57%
Base Metals 243.12 -.14%
Copper 313.70 +.80%
10-year US Treasury Yield 4.51% -.69%
Leading Sectors
Airlines +1.86%
Telecom +.76%
Banks +.70%
Lagging Sectors
Papers -.60%
Steel -.61%
Coal -.95%
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:
- Exercise may lower the risk of developing breast cancer after menopause, while also helping maintain bone density, according to two separate studies published in the Archives of Internal Medicine today.
- New Jersey Transit’s new double-decker trains cars, which carry more passengers and eliminate the three-person seat that is the bane of many riders, started running today on the system’s busiest commuter route.
- Texas Instruments(TXN) cut its forecast for fourth-quarter sales and profit because of lower chip revenues. Analysts had expected the shortfall. The shares are trading down .19 in after-hours trading.
- Adam Geiger, Chief Investment Officer of Ivy Asset Management, is leaving the $16.4 billion fund of hedge funds, according to a letter sent to investors today.
- Robert Kraft, the owner of the New England Patriots and Paul Tudor Jones, a billionaire hedge fund manager, are joining other investors to back cable-tv programming for resort communities.
- The SEC meeting on raising the requirements for hedge fund investors has been rescheduled for this Wed.
- US gasoline at the pump fell during the past week to $2.29/gallon.
- Anadarko Petroleum expects capital spending of as much as $4.3 billion next year. 5-year annual production growth is predicted to be 5-9%.
- Devon Energy(DVN) today announced an oil discovery with the Mission Deep well on Green Canyon block 955.
- Crude oil fell almost $1/bbl. today as forecasts of milder weather reduced speculation by investment funds.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Telecom longs, Medical 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 slightly positive today as the advance/decline line finished about even, most sectors gained and volume was above average. Measures of investor anxiety were mixed into the close. I would classify today's overall market action as another healthy consolidation of recent gains. While analysts, managers and pundits continue to overwhelmingly love all energy-related stocks, the underlying commodity trades poorly in the face of potential upside catalysts. As well, the despised 10-year T-note finished near session highs and continues to trade well.
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