S&P 500 1,219.34 -1.18%
DJIA 10,513.45 -1.14%
NASDAQ 2,137.06 -1.38%
Russell 2000 654.61 -1.66%
DJ Wilshire 5000 12,152.38 -1.17%
S&P Barra Growth 583.58 -1.29%
S&P Barra Value 631.48 -1.07%
Morgan Stanley Consumer 585.69 -1.05%
Morgan Stanley Cyclical 741.10 -2.18%
Morgan Stanley Technology 495.93 -1.31%
Transports 3,705.06 -1.50%
Utilities 391.40 -1.45%
Put/Call 1.04 +57.58%
NYSE Arms 2.13 +138.27%
Volatility(VIX) 13.52 +10.28%
ISE Sentiment 137.00 -38.84%
US Dollar 87.39 +.08%
CRB 319.59 +.21%
Futures Spot Prices
Crude Oil 66.25 -.03%
Unleaded Gasoline 198.36 +1.10%
Natural Gas 9.75 +2.22%
Heating Oil 186.40 -.28%
Gold 451.40 +.85%
Base Metals 131.62 +.73%
Copper 170.60 -.09
10-year US Treasury Yield 4.20% -1.76%
Leading Sectors
Airlines +3.39%
Hospitals -.11%
Tobacco -.24%
Lagging Sectors
Retail -2.79%
Steel -2.99%
Computer Hardware -3.27%
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:
- None of note
Afternoon/Evening Headlines
Bloomberg:
- Standard & Poor’s said it may lower Delta Air Lines’ debt rating as shrinking cash holdings and rising fuel costs push the company closer to bankruptcy.
- A computer virus targeting Microsoft’s Windows software shut down machines at Time Warner’s CNN and Disney’s ABC network.
- US Treasuries rose for a third day in four after reports showed consumer prices and industrial production increased less than forecast, alleviating concern that economic growth will spark faster inflation.
Crain’s Chicago Business:
- The Chicago Board of Trade, the second-largest US futures market, rejected proposals to combine its business with other companies, opting instead to sell shares to the public as early as next month.
Financial Times:
- NetEase has stopped its music search service due to concerns about copyright piracy.
Nihon Keizai:
- Wal-Mart Stores will buy control of troubled Tokyo-based retailer Seiyu Ltd. and open outlets in Japan next year under the Wal-Mart name.
BOTTOM LINE: The Portfolio finished lower today on losses in my Medical, Retail and Computer longs. I did not trade in the afternoon, thus leaving the Portfolio 25% net long. The tone of the market was negative today as the advance/decline line finished substantially lower, most sectors fell and volume was below average. Measures of investor anxiety remained higher into the close. Overall, today’s market action was negative considering stabilizing energy prices and the fall in long-term rates. Investors are responding well to Hewlett-Packard and Applied Materials’ earnings reports after-hours. As I predicted on Sun., retail is coming under pressure this week. Best Buy is my favorite retailer through year-end and I will use any substantial pullback from current levels to add to my long position in the stock.
No comments:
Post a Comment