Bull Radar

Style Outperformer:

Large-cap Growth(-.05%)

Sector Outperformers:

Steel (+1.55%) Alternative Energy (+1.34%) and Oil Service (+.88%)

Stocks Rising on Unusual Volume:

FF, BSI, LXP, CWCO, ULBI, SOLF, CSUN, ESLR, HRBN, CSIQ, MELI, HOKU, COGT, CREE, EMKR, FCSX, FSIN, SPWR, HITT, NSANY and HES

Economic Releases

- None of note

Links of Interest

Market Snapshot Commentary
Market Performance Summary
Style Performance
Sector Performance
WSJ Data Center
Top 20 Biz Stories
IBD Breaking News
Movers & Shakers
Upgrades/Downgrades
In Play
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Intraday Chart/Quote
Dow Jones Hedge Fund Indexes

Wednesday Watch

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Macro Calls
Upgrades/Downgrades
Rasmussen Business/Economy Polling
CNBC Guest Schedule

Stocks Finish at Session Highs on Diminishing Credit Market Angst, Less Economic Pessimism

Evening Review
Market Summary
Today’s Movers
Market Performance Summary
WSJ Data Center
Sector Performance
ETF Performance
Style Performance
Commodity Movers
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Commentary
After-hours Movers
After-hours Stock Quote
In Play

Stocks Higher into Final Hour on Diminishing Credit Market Angst and Economic Pessimism

BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Computer longs, Semi longs, Software longs and Medical longs. I have not traded today, thus leaving the Portfolio 100% net long. The overall tone of the market is positive today as the advance/decline line is higher, almost every sector is rising and volume is light. Investor anxiety is slightly below average. Today’s overall market action is bullish. The ten-year yield is rising another 4 basis points and copper is surging another 2% on less economic pessimism. The TED spread is plunging another 37 basis points today to 152 basis points, which is down 69 basis points in 9 days. It is also down 88 basis points from its August high, which is a big positive and a sign of diminishing credit market angst. Today’s gains are spread across all market-caps and styles. The (XLF) is 1.2% higher, which always seems to help the broad market these days. True "growth" stock leaders are especially strong again today, as has been the case for most of the year. Large(+14%) and mid-cap growth(+13%) stocks are this year's best performers. The economic fear mongering that continues unabated by the many permabears is losing its effectiveness. I still see further upside in the broad market from current levels into year-end. Apple Inc.(AAPL) is relatively strong today, rising 2.4%, on speculation over new 08 product releases and strong holiday sales. The stock remains my second largest long position and I still see substantial upside from current levels. I expect US stocks to trade mixed-to-higher into the close from current levels on diminishing credit market angst, less economic pessimism, seasonal strength, bargain-hunting and short-covering. I hope everyone has a merry Christmas or happy holiday! Thanks for reading.