S&P 500 1,185.40 -.09%
DJIA 10,299.51 +.13%
NASDAQ 2,059.12 -.28%
Russell 2000 628.32 -.75%
DJ Wilshire 5000 11,811.32 -.10%
S&P Barra Growth 570.71 -.13%
S&P Barra Value 610.92 +.04%
Morgan Stanley Consumer 580.99 +.32%
Morgan Stanley Cyclical 692.41 +.25%
Morgan Stanley Technology 491.47 +.38%
Transports 3,632.82 -.15%
Utilities 399.46 +1.38%
Put/Call .95 -9.52%
NYSE Arms .75 +11.76%
Volatility(VIX) 15.03 +1.01%
ISE Sentiment 143.00 -10.06%
US Dollar 89.80 +.37%
CRB 332.32 +1.43%
Futures Spot Prices
Crude Oil 64.05 +2.27%
Unleaded Gasoline 180.00 +2.94%
Natural Gas 13.82 +4.55%
Heating Oil 199.15 +2.13%
Gold 476.50 +1.0%
Base Metals 135.43 +2.85%
Copper 181.65 +3.44%
10-year US Treasury Yield 4.49% +.27%
Leading Sectors %
Gold & Silver +2.64%
Energy +1.35%
Utilities +1.35%
Lagging Sectors
Telecom -.95%
Drugs -1.16%
Broadcasting -1.46%
BOTTOM LINE: The Portfolio is unchanged mid-day as losses in my Energy-related shorts are offsetting gains in my Internet longs. I added to my IWM and QQQQ shorts this morning, thus leaving the Portfolio 50% net long. The tone of the market is negative as the advance/decline line is lower, sector performance is mixed and volume is below average. Measures of investor anxiety are mostly higher. Today’s overall market action is slightly negative considering the possibility of another hurricane. Earth Satellite Corp., a private forecaster, is currently estimating that the chances of Tropical Storm Wilma becoming a threat to Gulf natural gas production are only 5%. They also estimate there is only a 65% chance that the storm becomes a hurricane. I expect US stocks to trade mixed from current levels into the close as short-covering offsets hurricane fears.
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