Wednesday, May 01, 2013

Stocks Falling into Final Hour on Rising Global Growth Fears, Rising Eurozone Debt Angst, Technical Selling, Transport/Financial Sector Weakness

Broad Market Tone:
  • Advance/Decline Line: Substantially Lower
  • Sector Performance: Almost Every Sector Declining
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • VIX 14.42 +6.66%
  • ISE Sentiment Index 92.0 -12.38%
  • Total Put/Call 1.01 +14.77%
  • NYSE Arms 1.56 +26.33%
Credit Investor Angst:
  • North American Investment Grade CDS Index 77.12 +3.0%
  • European Financial Sector CDS Index 147.16 +1.0%
  • Western Europe Sovereign Debt CDS Index 94.33 unch.
  • Emerging Market CDS Index 234.24 +2.18%
  • 2-Year Swap Spread 14.5 +.75 bp
  • TED Spread 22.25 -.5 bp
  • 3-Month EUR/USD Cross-Currency Basis Swap -18.0 -.25 bp
Economic Gauges:
  • 3-Month T-Bill Yield .05% unch.
  • Yield Curve 143.0 -3.0 bps
  • China Import Iron Ore Spot $134.10/Metric Tonne unch.
  • Citi US Economic Surprise Index -3.80 -2.1 points
  • 10-Year TIPS Spread 2.30 -4 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +19 open in Japan
  • DAX Futures: Indicating +6 open in Germany
Portfolio: 
  • Slightly Lower: On losses in my retail/tech sector longs
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 25% Net Long

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