Friday, August 17, 2012

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

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