Wednesday, March 06, 2013

Stocks Slightly Higher into Final Hour on Less Eurozone Debt Angst, Short-Covering, Financial/Metals & Mining Sector Strength

Broad Market Tone:
  • Advance/Decline Line: About Even
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • VIX 13.46 -.15%
  • ISE Sentiment Index 173.0 +66.35%
  • Total Put/Call .72 -35.71%
  • NYSE Arms .61 -12.22%
Credit Investor Angst:
  • North American Investment Grade CDS Index 83.68 +.42%
  • European Financial Sector CDS Index 148.99 -1.85%
  • Western Europe Sovereign Debt CDS Index 98.99 -1.78%
  • Emerging Market CDS Index 240.10 +.19%
  • 2-Year Swap Spread 13.50 -.5 bp
  • TED Spread 18.25 -1.75 bps
  • 3-Month EUR/USD Cross-Currency Basis Swap -18.75 -1.5 bps
Economic Gauges:
  • 3-Month T-Bill Yield .10% +2 bps
  • Yield Curve 169.0 +4 bps
  • China Import Iron Ore Spot $145.80/Metric Tonne +.41%
  • Citi US Economic Surprise Index 7.0 +.7 point
  • 10-Year TIPS Spread 2.57 +1 bp
Overseas Futures:
  • Nikkei Futures: Indicating +150 open in Japan
  • DAX Futures: Indicating +9 open in Germany
Portfolio: 
  • Slightly Lower: On losses in my retail sector longs and emerging markets shorts
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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