Links of Interest

Market Snapshot
Detailed Market Summary
Market Internals
Economic Commentary
Movers & Shakers
IBD New America
NYSE OrderTrac
I-Watch Sector Overview
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Option Dragon
Real-time Intraday Chart/Quote

Friday Watch

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on GOOG, raised target to $400-$440.
- Reiterated Outperform on SBC, DHR, WCC, PFE, ALK and EMC
- Reiterated Underperform on LVLT.

Night Trading
Asian Indices are -% to -% on average.
S&P 500 indicated -%.
NASDAQ 100 indicated -%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule

Earnings of Note
Company/EPS Estimate
AT/.86
T/.51
CAT/1.06
GDT/.51
HIB/.49
IVC/.57
MYG/-.04
RSH/.37
SLB/.86
PCU/2.32
WY/.98
WYE/.76

Upcoming Splits
SBUX 2-for-1

Economic Releases
- None of note

BOTTOM LINE: Asian indices are mixed as gains in tech shares are offsetting losses in commodity producing companies in the region. I expect US equities to open modestly higher and build on gains throughout the day. The Portfolio is 50% net long heading into the day.

Mid-day Update

Market Snapshot
Detailed Market Summary
Market Internals
Economic Commentary
Movers & Shakers
IBD New America
NYSE OrderTrac
I-Watch Sector Overview
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Option Dragon
Real-time Intraday Chart/Quote

Morning Preview

US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule

***Alert***

Due to a scheduling conflict my posting will be light over the next few days. I finished the day 100% net long. It is highly probable the lows for the year are now in place for the major averages and we are in the beginning stages of the substantial year-end rally I have been looking for.

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

Stocks Modestly Higher Mid-day on another Fall in Energy Prices

Indices
S&P 500 1,180.58 +.21%
DJIA 10,310.38 +.24%
NASDAQ 2,058.86 +.14%
Russell 2000 625.87 +.08%
DJ Wilshire 5000 11,751.82 +.16%
S&P Barra Growth 569.38 +.35%
S&P Barra Value 607.22 +.12%
Morgan Stanley Consumer 580.50 +.40%
Morgan Stanley Cyclical 686.36 -.33%
Morgan Stanley Technology 490.75 -.12%
Transports 3,568.13 -.59%
Utilities 392.61 +.14%
Put/Call 1.28 +36.17%
NYSE Arms 1.07 -33.38%
Volatility(VIX) 15.13 -1.30%
ISE Sentiment 170.00 +1.80%
US Dollar 90.04 -.29%
CRB 326.24 -.91%

Futures Spot Prices
Crude Oil 61.95 -1.98%
Unleaded Gasoline 167.25 -3.61%
Natural Gas 13.49 +.51%
Heating Oil 189.00 -2.29%
Gold 465.30 -1.96%
Base Metals 134.39 -.50%
Copper 180.60 -1.07%
10-year US Treasury Yield 4.44% -.45%

Leading Sectors %
Restaurants +2.07%
Gaming +1.99%
I-Banks +1.02%

Lagging Sectors
Coal -1.70%
Semis -2.23%
Gold & Silver -2.52%

BOTTOM LINE: The Portfolio is higher mid-day on gains in my Energy-related shorts, Steel shorts, Internet longs, Medical longs and Retail longs. I exited my IWM and QQQQ shorts and added to existing longs PWR, NTES, BBY, BRCM, AAPL, ISRG and NVDA today, thus leaving the Portfolio 100% net long. The tone of the market is negative as the advance/decline line is lower, sector performance is mixed and volume is above average. Measures of investor anxiety are mostly lower. Today’s overall market action is slightly positive considering the decline in energy prices, fall in long-term rates and mostly positive earnings reports. As I said a few weeks ago, energy demand destruction is accelerating markedly. According to the API, gasoline demand in September fell by almost 4%, the most in over a decade. That is amazing considering how many more people are in the U.S., how many more people drive cars and how many more people drive larger cars. The sharp decline in gasoline demand is the main reason unleaded gas futures have declined about 45% since September peaks even with refinery utilization at its lowest level in 20 years. Natural gas will be no different. I already hear people everywhere I go talk of ways they are going to conserve this winter. Natural gas will follow the entire energy complex lower this fall. I expect US stocks to trade modestly higher from current levels into the close on short-covering and bargain-hunting.