Thursday, February 06, 2014

Stocks Surging into Final Hour on Less Emerging Markets/Eurozone Debt Angst, Yen Weakness, Short-Covering, Retail/Homebuilding Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Almost Every Sector Rising
  • Volume: Slightly Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 17.34 -13.08%
  • Euro/Yen Carry Return Index 144.77 +1.05%
  • Emerging Markets Currency Volatility(VXY) 9.52 -1.46%
  • S&P 500 Implied Correlation 55.91 -7.89%
  • ISE Sentiment Index 87.0 -26.89%
  • Total Put/Call .82 -15.45%
  • NYSE Arms .57 -30.31% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 69.95 -3.93%
  • European Financial Sector CDS Index 95.25 -4.15%
  • Western Europe Sovereign Debt CDS Index 54.31 -1.25%
  • Asia Pacific Sovereign Debt CDS Index 111.95 -2.04%
  • Emerging Market CDS Index 327.97 -1.0%
  • China Blended Corporate Spread Index 364.68 -1.64%
  • 2-Year Swap Spread 13.25 +.5 basis point
  • TED Spread 17.0 -1.0 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -4.0 +3.0 basis points
Economic Gauges:
  • 3-Month T-Bill Yield .07% +1.0 basis point
  • Yield Curve 238.0 +3.0 basis points
  • China Import Iron Ore Spot $121.0/Metric Tonne -1.14%
  • Citi US Economic Surprise Index 25.50 -4.8 points
  • Citi Emerging Markets Economic Surprise Index 9.90 -.3 point
  • 10-Year TIPS Spread 2.14 +2.0 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +340 open in Japan
  • DAX Futures: Indicating +10 open in Germany
Portfolio: 
  • Higher: On gains in my tech/medical/biotech/retail sector longs 
  • Disclosed Trades: None
  • Market Exposure: 75% Net Long

No comments: