Thursday, February 20, 2014

Stocks Higher into Final Hour on Less Emerging Markets Debt Angst, Yen Weakness, Short-Covering, Biotech/Transport 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) 14.62 -5.68%
  • Euro/Yen Carry Return Index 146.47 -.08%
  • Emerging Markets Currency Volatility(VXY) 8.89 +1.72%
  • S&P 500 Implied Correlation 52.63 -2.82%
  • ISE Sentiment Index 129.0 +46.59%
  • Total Put/Call .86 -3.37%
  • NYSE Arms .65 -49.78% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 64.76 -2.16%
  • European Financial Sector CDS Index 91.98 +2.93%
  • Western Europe Sovereign Debt CDS Index 53.0 +.65%
  • Asia Pacific Sovereign Debt CDS Index 104.86 +.10%
  • Emerging Market CDS Index 329.02 -4.2%
  • China Blended Corporate Spread Index 356.92 +.16%
  • 2-Year Swap Spread 14.0 +.5 basis point
  • TED Spread 19.0 +.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -5.0 +.25 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .05% unch.
  • Yield Curve 243.0 +1.0 basis point
  • China Import Iron Ore Spot $122.90/Metric Tonne -.81%
  • Citi US Economic Surprise Index -6.50 -2.5 points
  • Citi Emerging Markets Economic Surprise Index 15.80 -3.2 points
  • 10-Year TIPS Spread 2.14 -1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +118 open in Japan
  • DAX Futures: Indicating +1 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my biotech/medical/tech sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 50% Net Long

1 comment:

Gary said...

Thanks for reading Cindy!