Thursday, May 03, 2012

Stocks Falling into Final Hour on Less US Economic Optimism, Rising Global Growth Fears, Eurozone Debt Angst, Less Tech Sector Optimism

Broad Market Tone:
  • Advance/Decline Line: Substantially Lower
  • Sector Performance: Every Sector Declining
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • VIX 17.87 +5.86%
  • ISE Sentiment Index 112.0 +.90%
  • Total Put/Call 1.0 unch.
  • NYSE Arms 1.73 +10.57%
Credit Investor Angst:
  • North American Investment Grade CDS Index 95.95 +2.27%
  • European Financial Sector CDS Index 239.66 +.69%
  • Western Europe Sovereign Debt CDS Index 273.79 -.58%
  • Emerging Market CDS Index 243.03 -.25%
  • 2-Year Swap Spread 28.25 -.25 basis point
  • TED Spread 39.0 +.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -42.75 +.75 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .08% unch.
  • Yield Curve 166.0 +1 basis point
  • China Import Iron Ore Spot $144.90/Metric Tonne +.21%
  • Citi US Economic Surprise Index -24.20 -3.8 points
  • 10-Year TIPS Spread 2.26 -1 basis point
Overseas Futures:
  • Nikkei Futures: Indicating a -115 open in Japan
  • DAX Futures: Indicating -21 open in Germany
Portfolio:
  • Slightly Lower: On losses in my Tech, Biotech and Retail sector longs
  • Disclosed Trades: Added to my (IWM), (QQQ) hedges, added to my (EEM) short
  • Market Exposure: Moved to 25% Net Long

2 comments:

Anonymous said...

"Market Exposure: Moved to 25% Net Long"

This is the lowest reading I have seen so far on this blog. What are you so afraid of Gary?

Anonymous said...

He has been at 25% before. Gary wish you would post a full wrapup, I really appreciate all of the hard work you do, its NEVER unnoticed.