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TODAY’S S&P 500 SET-UP

As we look at today’s set up for the S&P 500, the range is 34 points or 1.4% (1,064) downside and 1.7% (1,098) upside.

  • ADVANCE/DECLINE LINE: 790 (+1068) Breadth turned positive on a flat day for the S&P
  • VOLUME: NYSE - 788.90 (-9.49%) - 35% below the average for the last 12 months!
  • SECTOR PERFORMANCE: Two sectors positive - XLB and XLK
  • MARKET LEADING/LOOSING STOCKS: Apollo +5.2%, Cliffs natural +3.3% and Devry -8.7% and Washington Post -8.1%

EQUITY SENTIMENT:

  • VIX - 26.10 0.53% - The VIX remains elevated.
  • SPX PUT/CALL RATIO - 1.55 down from 1.83 (low on 07/15/10 of 0.87)

CREDIT/ECONOMIC MARKET LOOK:

  • TED SPREAD - 20.21 -0.969 (-4.577%)
  •  3-MONTH T-BILL YIELD .16% up from .15% yesterday
  • YIELD CURVE - 2.0802 to 2.0981

COMMODITY/GROWTH EXPECTATION:

  • CRB: 269.36 -0.47%
  • Oil: 75.96 +0.96%
  • COPPER: 334.80 +1.44%
  • GOLD: 1,225 +0.13%

CURRENCIES:

  • EURO: 1.2886 +0.38%
  • DOLLAR: 82.257 -0.33%

OVERSEAS MARKETS:

  • ASIA - Markets closed mixed; China closed up and Japan closed down.
  • EUROPE - Major indices are trading close to session highs.
  •  EASTERN EUROPE - Trading higher - Slovakia, Hungary and Romania leading the way.
  • MIDDLE EAST/AFRICA - Trading higher - Egypt and Israel up over 1%.
Howard Penney
Managing Director

THE DAILY OUTLOOK - levels and trends

 

THE DAILY OUTLOOK - S P

 

THE DAILY OUTLOOK - VIX

 

THE DAILY OUTLOOK - DOLLAR

 

THE DAILY OUTLOOK - OIL

 

THE DAILY OUTLOOK - GOLD

 

THE DAILY OUTLOOK - COPPER