Monday, November 04, 2013

Stocks Slightly Higher into Final Hour on Central Bank Hopes, Short-Covering, Investor Performance Angst, Commodity/Healthcare 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) 13.03 -1.88%
  • Euro/Yen Carry Return Index 138.94 +.05%
  • Emerging Markets Currency Volatility(VXY) 8.53 -.61%
  • S&P 500 Implied Correlation 38.81 -3.67%
  • ISE Sentiment Index 112.0 unch.
  • Total Put/Call .75 -18.48%
  • NYSE Arms .76 +15.0% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 73.39 -.27%
  • European Financial Sector CDS Index 114.36 -1.92%
  • Western Europe Sovereign Debt CDS Index 68.0 -.56%
  • Emerging Market CDS Index 274.48 -1.15%
  • 2-Year Swap Spread 11.75 unch.
  • TED Spread 20.25 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -5.0 -.75 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .04% unch.
  • Yield Curve 230.0 -1 basis point
  • China Import Iron Ore Spot $135.80/Metric Tonne +.37%
  • Citi US Economic Surprise Index -3.80 -9.1 points
  • Citi Emerging Markets Economic Surprise Index -12.50 -3.7 points
  • 10-Year TIPS Spread 2.14 unch.
Overseas Futures:
  • Nikkei Futures: Indicating +124 open in Japan
  • DAX Futures: Indicating +8 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my medical/retail sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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