S&P 500 1,448.0 +.07%
DJIA 12,666.31 +.04%
NASDAQ 2,471.49 +.04%
Russell 2000 810.03 +.41%
Wilshire 5000 14,589.26 +.13%
Russell 1000 Growth 570.57 +.08%
Russell 1000 Value 835.45 +.14%
Morgan Stanley Consumer 710.36 +.13%
Morgan Stanley Cyclical 944.97 +.20%
Morgan Stanley Technology 568.28 -.09%
Transports 4,963.84 +.02%
Utilities 469.64 +.77%
MSCI Emerging Markets 116.27 +.92%
Sentiment/Internals
Total Put/Call .85 +3.66%
NYSE Arms 1.27 +50.95%
Volatility(VIX) 10.65 +.95%
ISE Sentiment 141.0 -3.42%
Futures Spot Prices
Crude Oil 59.12 +.65%
Reformulated Gasoline 157.60 +1.03%
Natural Gas 7.72 +1.03%
Heating Oil 169.50 +1.16%
Gold 658.20 +.32%
Base Metals 220.23 -.60%
Copper 249.25 +3.15%
Economy
10-year US Treasury Yield 4.77% -4 basis points
US Dollar 84.77 -.35%
CRB Index 301.07 -.04%
Leading Sectors
Airlines +1.47%
REITs +1.35%
Alternative Energy +.95%
Lagging Sectors
Semis -.54%
Gaming -.77%
Computer Hardware -.90%
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
None of note:
Afternoon/Evening Headlines
Bloomberg:
- The ability of statins to raise so-called good cholesterol, even just a little bit, can help strip plaque out of heart arteries, a study says.
- Cisco Systems(CSCO), the world’s biggest maker of computer-networking equipment, said second-quarter profit rose 40% as customers upgraded their communications systems for video. The stock is rising 4.5% after-hours.
- Apple Inc.(AAPL) CEO Jobs asked the four largest music companies to license songs for distribution on iTunes without copy protection software.
- The Ocean Course in Kiawah Island, South Carolina, is the most difficult US golf course, according to a study by Golf Digest magazine.
- US Treasuries rose for a third straight day after demand for the government’s quarterly auction of three-year notes outpaced dealer expectations.
Arizona Republic:
- US Airways Group, rejected in a $9.75 billion takeover bid for Delta Air, isn’t seeking another merger target, citing CEO Parker.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Internet longs, Medical longs and Retail longs. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was slightly positive today as the advance/decline line finished modestly higher, most sectors rose and volume was above average. Measures of investor anxiety were higher into the close. Today's overall market action was modestly bullish as the major averages and breadth recouped morning losses to finish around even. Instead of two steps forward and one 1 step back, the indices are moving one step forward and consolidating. This just allows for more “market top” calls, profit-taking and short re-loading without doing any real technical damage. Oil is trading toppy again, despite potential upside catalysts. As well, the 10-year yield looks poised to go lower. Cisco’s(CSCO) positive earnings’ report after the close should boost tech stocks tomorrow.
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