S&P 500 1,219.02 -.10%
DJIA 10,554.93 +.04%
NASDAQ 2,136.08 -.42%
Russell 2000 651.19 -.55%
DJ Wilshire 5000 12,137.81 -.14%
S&P Barra Growth 584.09 -.01%
S&P Barra Value 630.61 -.19%
Morgan Stanley Consumer 587.42 +.28%
Morgan Stanley Cyclical 738.16 -.59%
Morgan Stanley Technology 496.57 -.81%
Transports 3,711.07 -.38%
Utilities 391.45 +.22%
Put/Call 1.0 -5.66%
NYSE Arms 1.14 +15.22%
Volatility(VIX) 13.42 +.90%
ISE Sentiment 158.00 +.64%
US Dollar 88.57 +.65%
CRB 311.75 -.62%
Futures Spot Prices
Crude Oil 63.55 +.44%
Unleaded Gasoline 187.10 +.43%
Natural Gas 9.00 +.81%
Heating Oil 179.60 +.31%
Gold 444.60 -.02%
Base Metals 128.74 +.45%
Copper 160.25 unch.
10-year US Treasury Yield 4.20% -1.50%
Leading Sectors
Tobacco +1.34%
Broadcasting +.52%
Biotech +.32%
Lagging Sectors
Disk Drives -.83%
Airlines -.97%
Steel -2.50%
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
Goldman Sachs:
- Reiterated Outperform on GOOG.
Afternoon/Evening Headlines
Bloomberg:
- The US dollar rose for a fifth straight day against the euro, the longest streak in two months, and advanced versus the yen as a report showed the biggest gain in Philadelphia-area manufacturing since April.
- Retailers Gap and Limited Brands reduced their annual profit forecasts after the wrong fashion calls produced sluggish second-quarter sales.
- The US government brokered the release of 404 Moroccan prisoners held by Western Sahara’s Polisario Front rebels for up to two decades, in a step that may help end a dispute over the dessert territory and improve ties between Algeria and Morocco.
- US Treasuries surged on optimism foreign demand may be rising after a Japanese government report showed the country’s investors doubled their purchases of overseas bonds.
BOTTOM LINE: The Portfolio finished slightly lower today on losses in my Medical and Internet longs. I added back my IWM and QQQQ shorts in the afternoon, thus leaving the Portfolio 75% net long. The tone of the market was negative today as the advance/decline line finished lower, most sectors fell and volume was light. Measures of investor anxiety remained mixed into the close. Overall, today’s market action was negative considering more positive economic data and the fall in long-term rates. Investors seem somewhat spooked by the recent decline in copper and oil. As well, the 10-year T-note yield continues to drop and is now at 4.2%, which is leading some to point to an imminent economic slowdown. These developments will be viewed positively a few weeks from now as GDP growth remains strong and inflation measures decelerate further.
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