Market Week in Review

S&P 500 896.24 +19.11%*

Click here for the Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices
S&P 500 896.24 +19.11%
DJIA 8,829.04 +16.9%
NASDAQ 1,535.57 +16.67%
Russell 2000 473.14 +22.80%
Wilshire 5000 8,925.96 +19.80%
Russell 1000 Growth 365.34 +17.16%
Russell 1000 Value 482.06 +21.89%
Morgan Stanley Consumer 545.76 +12.46%
Morgan Stanley Cyclical 470.43 +24.0%
Morgan Stanley Technology 331.51 +15.42%
Transports 3,512.20 +17.50%
Utilities 382.24 +13.85%
MSCI Emerging Markets 22.84 +19.58%

Sentiment/Internals
NYSE Cumulative A/D Line 15,952 +92.49%
Bloomberg New Highs-Lows Index -243 +94.10%
Bloomberg Crude Oil % Bulls 32.0 +113.3%
CFTC Oil Large Speculative Longs 184,453 unch.
Total Put/Call 1.45 +9.02%
OEX Put/Call 2.11 +106.86%
ISE Sentiment 137.0 +26.85%
NYSE Arms 1.00 -17.35%
Volatility(VIX) 55.28 -31.64%
G7 Currency Volatility (VXY) 19.69 -3.43%
Smart Money Flow Index 6,736.31 +11.71%
AAII % Bulls 31.25 +28.23%
AAII % Bears 44.89 -21.44%

Futures Spot Prices
Crude Oil 54.43 +11.83%
Reformulated Gasoline 120.96 +17.89%
Natural Gas 6.51 +2.39%
Heating Oil 172.71 +3.02%
Gold 819.00 +9.74%
Base Metals 119.76 -.76%
Copper 164.95 +6.90%
Agriculture 285.65 +3.14%

Economy
10-year US Treasury Yield 2.92% -27 basis points
10-year TIPS Spread .36% +23 basis points
TED Spread 2.18 +3 basis points
N. Amer. Investment Grade Credit Default Swap Index 238.80 -14.48%
Emerging Markets Credit Default Swap Index 727.54 -14.79%
Citi US Economic Surprise Index -117.60 -3.52%
Fed Fund Futures imply 68.0% chance of 50 basis point cut, 32.0% chance of 75 basis point cut on 12/16
Iraqi 2028 Govt Bonds 45.0 -4.96%
4-Wk MA of Jobless Claims 518,00 +2.2%
Average 30-year Mortgage Rate 5.97% -7 basis points
Weekly Mortgage Applications 404,400 +1.46%
Weekly Retail Sales -1.10%
Nationwide Gas $1.84/gallon -.15/gallon
US Heating Demand Next 7 Days 2.0% below normal
ECRI Weekly Leading Economic Index 106.80 -1.11%
US Dollar Index 86.52 -1.65%
Baltic Dry Index 715.0 -14.47%
CRB Index 242.20 +5.14%

Best Performing Style
Small-cap Value +23.58%

Worst Performing Style
Large-cap Growth +17.16%

Leading Sectors
I-Banks +46.31%
Construction +46.19%
Alternative Energy +35.42%
Homebuilders +34.99%
REITs +32.09%

Lagging Sectors
Medical Equipment +9.03%
Drugs +8.94%
Tobacco +8.89%
Foods +8.19%
Biotech +5.65%

One-Week High-Volume Gainers

One-Week High-Volume Losers

*5-Day Change

Stocks Finish at Session Highs, Boosted by Financial, Construction, Airline and HMO shares

Evening Review
Market Summary
Top 20 Biz Stories
Today’s Movers
Market Performance Summary
WSJ Data Center
Sector Performance
ETF Performance
Style Performance
Commodity Movers
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Commentary
After-hours Movers
After-hours Real-Time Stock Bid/Ask
After-hours Stock Quote
After-hours Stock Chart
In Play

Bull Radar

Style Outperformer:

Mid-cap Value (+.02%)

Sector Outperformers:

Construction (+2.01%), Airlines (+1.71%) and HMOs (+1.31%)

Stocks Rising on Unusual Volume:

THOR, PICO, INSU, ASTE, ELV, SOR, RZV, RE, KYO, KIE, ASR and WF

Stocks With Unusual Call Option Activity:

1) NXY 2) MLM 3) SGR 4) HL 5) ADP

Links of Interest

Market Snapshot Commentary
Market Performance Summary
Style Performance
Sector Performance
WSJ Data Center
Top 20 Biz Stories
IBD Breaking News
Movers & Shakers
Upgrades/Downgrades
In Play
Exchange Volume vs. Average
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Intraday Chart/Quote
Dow Jones Hedge Fund Indexes

Friday Watch

Night Trading
Asian Indices are -.50% to +2.25% on average.
S&P 500 futures -.08%.
NASDAQ 100 futures -.40%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Upgrades/Downgrades
Rasmussen Business/Economy Polling

Earnings of Note
Company/EPS Estimate
- (FRO)/1.96

Economic Releases
- None of note

Upcoming Splits
- None of note

Other Potential Market Movers
- The CSFB Infrastructure Conference and NAPM-Milwaukee report could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and financial stocks in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.