BETWEEN THE HEDGES

Tuesday, December 25, 2007

Wednesday Watch

Posted by Gary .....at 10:20 PM

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Monday, December 24, 2007

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

Posted by Gary .....at 1:04 PM

Evening Review
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In Play

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

Posted by Gary .....at 12:18 PM

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.

Bear Radar

Posted by Gary .....at 11:34 AM

Style Underperformer:

Mid-cap Value (+.53%)

Sector Underperformers:

Biotech (-.25%), Utilities (-.04%) and Drugs (+.01%)

Stocks Falling on Unusual Volume:

DOM, FCEL, SPRD, SCOR, DDUP, PMTI and SIGM

Bull Radar

Posted by Gary .....at 11:02 AM

Style Outperformer:

Small-cap Value (+.67%)

Sector Outperformers:

REITs (+1.68%) Road & Rail (+1.42%) and Homebuilders (+1.06%)

Stocks Rising on Unusual Volume:

LQU, CH, RZV, DHR, GNI, DHT, PZI, DBD, MTCT, SOLF, HRBN, MGPI, SDTH, TEVA, POSS, FSNM, EMKR, CSIQ, ACIW, PDCO, SPTN, MELI, BWLD, BW, VIP, PZE, HES, MFB and OXM