NASDAQ 2,040.51 +.06%
Leading Sectors
HMOs +3.22%
Iron/Steel +1.40%
Homebuilders +1.36%
Lagging Sectors
Networking -.39%
Retail -.50%
Semis -.83%
Other
Crude Oil 48.10 -2.02%
Natural Gas 7.50 -1.32%
Gold 436.20 +.62%
Base Metals 116.76 -.49%
U.S. Dollar 84.12 +.04%
10-Yr. T-note Yield 4.20% -.33%
VIX 13.49 -2.25%
Put/Call .71 +9.23%
NYSE Arms .95 +25.00%
Market Movers
Economic Data
Wholesale Inventories for September rose .5% versus estimates of a .7% increase and a 1.1% gain in August.
Recommendations
Mid-day News
Bottom Line: The Portfolio is modestly lower mid-day on weakness in my internet and security longs. I exited a few longs as they hit stop-losses this morning and added to several existing technology longs, thus leaving the Portfolio 100% net long. I added to my BRCM long and I am using a $26.5 stop-loss on the entire position. Overall, the tone of the market is pretty good today as the major indices continue a healthy consolidation. I expect U.S. stocks to move modestly higher into the close on short-covering, optimism over improving economic growth and lower energy prices.
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