Stocks Slightly Higher into Final Hour on Global Central Bank Stimulus/Action Hopes, Short-Covering, Lower Energy Prices

Broad Market Tone:

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

Equity Investor Angst:

• VIX 16.79 +1.82%
  
• ISE Sentiment Index 115.0 -8.0%
  
• Total Put/Call 1.03 +22.62%
  
• NYSE Arms 1.14 -27.70%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 100.67 bps -.51%
  
• European Financial Sector CDS Index 244.19 bps -.87%
  
• Western Europe Sovereign Debt CDS Index 232.47 -.31%
  
• Emerging Market CDS Index 247.99 +1.72%
  
• 2-Year Swap Spread 17.5 +.75 basis point
  
• TED Spread 32.5 -.25 basis point
  
• 3-Month EUR/USD Cross-Currency Basis Swap -30.5 unch.
  

Economic Gauges:

• 3-Month T-Bill Yield .10% unch.
  
• Yield Curve 138.0 +2 basis points
  
• China Import Iron Ore Spot $90.30/Metric Tonne -4.75%
  
• Citi US Economic Surprise Index -3.90 +3.0 points
  
• 10-Year TIPS Spread 2.31 -1 basis point
  

Overseas Futures:

• Nikkei Futures: Indicating +7 open in Japan
• DAX Futures: Indicating +1 open in Germany
  

Portfolio:

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