S&P 500 1,412.84 +.22%
DJIA 12,423.49 +.21%
NASDAQ 2,438.20 +.16%
Russell 2000 776.99 +.14%
Wilshire 5000 14,149.91 +.22%
Russell 1000 Growth 556.13 +.28%
Russell 1000 Value 809.42 +.17%
Morgan Stanley Consumer 696.56 +.26%
Morgan Stanley Cyclical 888.93 +.27%
Morgan Stanley Technology 574.72 +.20%
Transports 4,624.18 +.26%
Utilities 447.10 -.12%
Put/Call .87 -1.14%
NYSE Arms 1.04 +6.96%
Volatility(VIX) 12.0 -1.15%
ISE Sentiment 143.0 -4.67%
US Dollar 84.58 -.07%
CRB 290.73 -.13%
Futures Spot Prices
Crude Oil 56.08 -.41%
Reformulated Gasoline 147.20 -1.41%
Natural Gas 6.41 +3.78%
Heating Oil 155.75 -.53%
Gold 610.90 +.66%
Base Metals 218.57 -2.64%
Copper 253.25 -.26%
10-year US Treasury Yield 4.65% +.21%
Leading Sectors
I-Banks +1.44%
Hospitals +1.38%
Gaming +1.03%
Lagging Sectors
Telecom -.38%
Drugs -.71%
Homebuilders -.97%
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
Citigroup:
- Downgraded (IIT) to Sell.
Afternoon/Evening Headlines
Bloomberg:
- Trading of American depository receipts of CA Nacional Telefonos de Venezuela(VNT) was halted after President Hugo Chavez said he plans to nationalize the company as part of his effort to turn the nation into a socialist state.
- University of Pennsylvania economics professor Rafael Robb was charged with murdering his wife, who was found bludgeoned to death last month.
- Borrowing by US households rose in November by the most in three months as Americans charged more to their credit cards to purchase gifts at the start of the holiday-shopping season.
- Shares of Gap Inc.(GPS) rose the most in more than two years after CNBC reported the company had hired Goldman Sachs(GS) to explore strategic alternatives.
- Tom Hartmann, a commodity broker for Altavest Worldwide Trading says oil could fall to $46/bbl. as OPEC further cuts production.
- Canadian Natural Resources, Canada’s third-largest natural gas producer, expects to spend $510 million to boost output from Alberta’s oil sands.
- OPEC crude oil-production in December dropped .8%, a Bloomberg News survey showed. Notwithstanding this cut, oil fell almost $3/bbl. during the month as record speculation by investment funds continued to subside.
BOTTOM LINE: The Portfolio finished higher today on gains in my Semi longs, Telecom longs, Retail longs and I-banking 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 about even, sector performance was mostly positive and volume was above average. Measures of investor anxiety were mixed into the close. Today's overall market action was mildly bullish as the major average and breadth finished higher, near session highs, notwithstanding at least three separate reports of potential terrorism-related activity. Oil finished floor-trading slightly lower and is down -8.1% year to date, notwithstanding a number of potential upside catalysts that surfaced today. The 10-year yield was stable throughout the day. I like what I am seeing beneath the surface despite the many bears' attempts to suggest that any pause or slight pullback is the beginning of a major downturn.
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