Stocks Rising Slightly into Final Hour on Less Eurozone Debt Angst, Short-Covering, Apple(AAPL) Surge to Record, Investor Performance Angst

Broad Market Tone:

• Advance/Decline Line: Higher
  
• Sector Performance: Mixed
  
• Volume: Below Average
  
• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• VIX 13.52 -5.39%
  
• ISE Sentiment Index 182.0 +133.33%
  
• Total Put/Call .75 -10.71%
  
• NYSE Arms 1.09 +43.84%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 99.71 bps -1.39%
  
• European Financial Sector CDS Index 242.05 bps +.09%
  
• Western Europe Sovereign Debt CDS Index 239.21 -.92%
  
• Emerging Market CDS Index 246.20 +.07%
  
• 2-Year Swap Spread 21.25 +.5 basis point
  
• TED Spread 35.25 -.5 basis point
  
• 3-Month EUR/USD Cross-Currency Basis Swap -35.50 -2.0 basis points
  

Economic Gauges:

• 3-Month T-Bill Yield .08% unch.
  
• Yield Curve 153.0 -1 basis point
  
• China Import Iron Ore Spot $110.20/Metric Tonne -1.52%
  
• Citi US Economic Surprise Index -18.10 +1.6 points
  
• 10-Year TIPS Spread 2.26 -1 basis point
  

Overseas Futures:

• Nikkei Futures: Indicating +28 open in Japan
• DAX Futures: Indicating -1 open in Germany
  

Portfolio:

• Slightly Higher: On gains in my Retail, Medical and Tech sector longs
  
• Disclosed Trades: Added to my (IWM)/(QQQ) hedges, added to my (EEM) short, then covered some of them
  
• Market Exposure: 50% Net Long