Wednesday, December 15, 2004

Monday Close

S&P 500 1,205.72 +.19%
NASDAQ 2,162.55 +.13%

Leading Sectors
Homebuilders +3.38%
Iron/Steel +2.67%
Disk Drives +1.78%

Lagging Sectors
Wireless -.44%
Airlines -.49%
Telecom -1.16%

Crude Oil 44.53 +.77%
Natural Gas 7.22 -.15%
Gold 443.10 +.16%
Base Metals 117.59 +1.29%
U.S. Dollar 81.65 +.02%
10-Yr. T-note Yield 4.07% +.09%.
VIX 12.35 -2.99%
Put/Call .61 -20.78%
NYSE Arms 1.03 +18.39%

After-hours Movers


After-hours News

BOTTOM LINE: The Portfolio finished higher today on gains in my internet, homebuilding, semi and healthcare longs. I did not trade in the afternoon, thus leaving the Portfolio 125% net long. Once again, the tone of the market improved throughout the day as volume increased and the major indices closed near their highs. Today's mild gains should be considered a win for the bulls as the US dollar fell and energy rose. As well, it is a positive to see long-term rates decline again even as cyclicals and small-caps outperformed.

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