Wednesday, November 26, 2014

Stocks Close Slightly Higher on Central Bank Hopes, Seasonal Strength, Short-Covering, Biotech/Tech Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Modestly Higher
  • Sector Performance: Mixed
  • Volume: Light
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 12.o7 -1.47%
  • Euro/Yen Carry Return Index 153.65 -.02%
  • Emerging Markets Currency Volatility(VXY) 7.63 +.66%
  • S&P 500 Implied Correlation 30.38 n/a
  • ISE Sentiment Index 114.0 +2.70%
  • Total Put/Call .84 -13.40%
  • NYSE Arms .29 -28.42% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 60.30 -.71%
  • European Financial Sector CDS Index 62.25 -.60%
  • Western Europe Sovereign Debt CDS Index 29.79 +2.87%
  • Asia Pacific Sovereign Debt CDS Index 62.63 +.16%
  • Emerging Market CDS Index 269.75 +.42%
  • China Blended Corporate Spread Index 323.88 +.34%
  • 2-Year Swap Spread 20.25 +1.0 basis point
  • TED Spread 22.0 -.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -9.0 -1.0 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .01% -1 basis point
  • Yield Curve 173.0 -2.0 basis points
  • China Import Iron Ore Spot $68.49/Metric Tonne -1.57%
  • Citi US Economic Surprise Index 6.20 -10.2 points
  • Citi Eurozone Economic Surprise Index -22.90 +.8 point
  • Citi Emerging Markets Economic Surprise Index .8 +.5 point
  • 10-Year TIPS Spread 1.84 -2.0 basis points
Overseas Futures:
  • Nikkei Futures: Indicating -28 open in Japan
  • DAX Futures: Indicating +3 open in Germany
Portfolio: 
  • Higher: On gains in my tech/biotech/medical sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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