S&P 500 1,266.86 +.24%
DJIA 10,712.22 +.22%
NASDAQ 2,265.25 +.75%
Russell 2000 718.02 +1.44%
S&P Barra Growth 605.14 +.12%
S&P Barra Value 657.46 +.36%
Morgan Stanley Consumer 596.73 +.01%
Morgan Stanley Cyclical 783.20 +1.17%
Morgan Stanley Technology 532.59 -.03%
Transports 4,275.02 +2.38%
Utilities 425.02 +.78%
Put/Call .53 -39.08%
NYSE Arms 1.13 +8.69%
Volatility(VIX) 13.31 -4.45%
ISE Sentiment 187.00 +1.63%
US Dollar 88.10 +.17%
CRB 343.72 -.31%
Futures Spot Prices
Crude Oil 66.74 -.48%
Unleaded Gasoline 173.30 -.65%
Natural Gas 8.60 -.94%
Heating Oil 180.76 -.52%
Gold 558.90 +.14%
Base Metals 165.06 +.77%
Copper 214.90 -.16%
10-year US Treasury Yield 4.39% +.81%
Leading Sectors
Steel +7.48%
Airlines +3.27%
Oil Tankers +2.95%
Lagging Sectors
Networking -.93%
Oil Service -1.03%
Drugs -1.29%
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 (UTX), (ACLS), (SYMC) and (EMC).
Afternoon/Evening Headlines
Bloomberg:
- The WB and UPN television broadcast networks, which have failed to improve their audience ratings, will merge to form the CW Television Network to lure younger viewers.
- Advanced Micro Devices(AMD) won more than 20% of the market for chips to run personal computers for the first time in more than four years, snatching sales from Intel Corp.(INTC).
- One in 13 California homes sold for more than $1 million last year as more condominiums and new homes surged past the million-dollar mark.
- Google(GOOG) passed Intel(INTC) and IBM(IBM) to become the world’s second-most valuable technology company after Microsoft(MSFT).
- Corning(GLW) posted a fourth-quarter loss on tax-related expenses and issued a first-quarter forecast that fell short of some analysts’ estimates.
- Intuitive Surgical(ISRG)will replace Siebel Systems(SEBL) in the Nasdaq 100 prior to the market open on Feb.1.
CNBC:
- Johnson & Johnson(JNJ) may make a bid for ImClone Systems(IMCL), said Josh Kosman, consulting editor for Mergermarket.
Women’s Wear Daily:
- Eddie Bauer Holdings, the outdoor apparel retailer with 399 stores, may be purchased by VF Corp.(VFC) or a private equity firm.
TechWeb.com:
- Grade school students, parents and teachers at Freehold Borough School District in New Jersey are undergoing digital iris scans as a way of identifying them before letting them onto school grounds.
BOTTOM LINE: The Portfolio finished higher today on gains in my Semi longs, Internet longs, Biotech longs, Energy-related shorts and Retail longs. I did not trade in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was positive today as the advance/decline line finished higher, sector performance was mostly positive and volume was above average. Measures of investor anxiety were mostly lower into the close. Overall, today's performance was pretty good for the bulls as the major averages and breadth finished near session highs even without leadership from tech and energy. Small-caps continue to outperform substantially with the Russell 2000 now up 6.7% already for the year. This is comparable to the best performing emerging market indices, with much less risk in my opinion. I expect volatility to increase tomorrow as shorts capitulate or longs take profits after the recent bounce.
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