Tuesday, September 17, 2013

Stocks Higher into Final Hour on Central Bank Hopes, Lower Energy Prices, Short-Covering, Tech/Defense Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 14.59 +1.46%
  • Euro/Yen Carry Return Index 138.06 +.22%
  • Emerging Markets Currency Volatility(VXY) 10.27 +.49%
  • S&P 500 Implied Correlation 47.88 +2.29%
  • ISE Sentiment Index 157.0 +42.73%
  • Total Put/Call .75 -16.67%
  • NYSE Arms .83 -12.85% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 73.14 -1.90%
  • European Financial Sector CDS Index 133.85 +1.47%
  • Western Europe Sovereign Debt CDS Index 91.0 +1.11%
  • Emerging Market CDS Index 292.22 -1.06%
  • 2-Year Swap Spread 15.75 unch.
  • TED Spread 24.75 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -8.5 unch.
Economic Gauges:
  • 3-Month T-Bill Yield .01% unch.
  • Yield Curve 247.0 unch.
  • China Import Iron Ore Spot $131.10/Metric Tonne -2.24%
  • Citi US Economic Surprise Index 40.70 -5.3 points
  • Citi Emerging Markets Economic Surprise Index 1.90 -1.7 points
  • 10-Year TIPS Spread 2.17 +3 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +178 open in Japan
  • DAX Futures: Indicating +17 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my tech/reatail sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

1 comment:

theyenguy said...

On Tuesday, September 17, 2013, Volatility, XVZ, and the US Dollar, $USD, traded lower, as World Stocks, VT, traded slightly higher. ahead of FOMC Day. Reuters reports Wall Street ends up amid Fed talks; Nasdaq logs best close in 13 years. US Stocks, VTI, rose on Tuesday on expectations the Federal Reserve will make only modest changes to a monetary policy that has been highly supportive of stocks and other assets.


Gold Mining Stocks, GDX, such as those seen in this Finviz Screener, traded higher, on a slight rise in the price of the Gold ETF, GLD; the internals of their chart patterns suggest that their direction is going higher once again.


Australia’s Westpac banking, WBK, led New Zealand, ENZL, Australia, EWA, and Asia Excluding Japan, EPP, higher, while Shanghia, CAF, led China Industrials, CHII, Indonesia, IDX, and Indonesia Small Caps, IDXX, lower. German Small Cap Stocks, GERJ, and Greece, GREK, led the Eurozone, EZU, slightly higher.


Sectors trading higher included, Inverse Volatility, XIV, Nasdaq Internet, PNQI, IPOs, FPX, Networking, IGN, Retail, XRT, such as RAD, KR, TJX, Semiconductors, SMH, Consumer Services, IYC, Internet Retail, FDN, Small Cap Pure Value, RZV, Stockbrokers, IAI, and Aerospace and Defense, PPA. Regional Bands, KRE, traded higher. Energy Production, XOP, and Small Cap Energy, PSCE, traded higher despite a trade lower in Oil, USO.



Credit Provider MasterCard, MA, rose strongly, and Delta Airlines, DAL, rose strongly on recent announcement that it will join the S&P 500.

The Interest Rate on the US Ten Year Note, ^TNX, traded lower to 2.85%.


The 40 ETFs and Stocks seen in this Finviz Screener, have risen strongly under US Fed monetary policy and are poised to fall strongly lower on the exhaustion of the US Fed’s and world central bank’s monetary authority; these are XIV, FDN, CARZ, PBS, IGV, IBB, RZV, PSCI, FPX, IX, IAI, XTN, SMH, XRT, PJP, PSP, PRAA, TAN, RXI, FLM, EIRL, WOOD, EUFN, RWW, SPHB, FXR, IGN, BJK, PBJ, GNW, LYG, EFNL, YAO, NKY, PPA, PNQI, EZA, KROO, ARGT, EWY

Bear market ETFs poised to blast higher include those seen in this Finviz Screener; these are BIS, FXP, SQQQ, SDD, and SSG; these are presented in their ongoing combined Yahoo Finance Chart.