Bear Radar

Style Underperformer:

• Small-Cap Growth -1.21%

Sector Underperformers:

• 1) Alt Energy -3.91% 2) Hospitals -1.57% 3) Biotech -1.31%

Stocks Falling on Unusual Volume:

• LVNTA, EZCH, CSTM, HRB, QCLN, NRP, DECK, VOC, TKMR, BCRX, VNR, OPWR, TSL, MYE, VDSI, GRFS, ALTR, XOOM, KN, BOFI, UIS, SMCI, BWLD, LOGM, PKX, FSS, TTPH, EMES, PBI, LU, LOGM, HRB, MKTO, SMCI and HCLP

Stocks With Unusual Put Option Activity:

• 1) XLV 2) LL 3) XLP 4) CAR 5) EWY
  

Stocks With Most Negative News Mentions:

• 1) AIG 2) WFC 3) BWLD 4) MBLY 5) F
  

Charts:

• ETFs Falling on Unusual Volume

• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Large-Cap Value -.25%

Sector Outperformers:

• 1) Medical Equipment +1.18% 2) Homebuilders +1.08% 3) Steel +.89%
  

Stocks Rising on Unusual Volume:

• CFN, DRTX, BDX, CMRX, HPQ, LINTA, PBR, ITUB and BBD

Stocks With Unusual Call Option Activity:

• 1) MNK 2) HRB 3) SNSS 4) KR 5) LLY

Stocks With Most Positive News Mentions:

• 1) NOC 2) DIS 3) BDX 4) AAPL 5) ORCL
  

Charts:

• ETFs Rising on Unusual Volume 

• Stocks Rising on Unusual Volume

Weekly Outlook

Week Ahead by Bloomberg. 
Wall St. Week Ahead by Reuters.
Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week mixed as Ebola fears, global growth worries and Fed rate hike concerns offset bargain-hunting, short-covering and technical buying. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 75% net long heading into the week.

Market Weeek in Review

• S&P 500 1,967.90 -.75%*

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 1,967.90 -.75%

• DJIA 17,009.6 -.61%

• NASDAQ 4,475.62 -.81%

• Russell 2000 1,104.74 -1.30%

• S&P 500 High Beta 33.04 -1.14%

• Wilshire 5000 20,418.60 -.86%

• Russell 1000 Growth 918.57 -.72%

• Russell 1000 Value 983.40 -.90%

• S&P 500 Consumer Staples 468.10 +.63%

• Solactive US Cyclical 133.25 -1.78%

• Morgan Stanley Technology 962.97 -.90%

• Transports 8,481.99 -.03%

• Utilities 555.49 +1.38%

• Bloomberg European Bank/Financial Services 108.28 -2.51%

• MSCI Emerging Markets 41.47 -2.52%

• HFRX Equity Hedge 1,171.10 -.88%

• HFRX Equity Market Neutral 978.56 +.33%

Sentiment/Internals

• NYSE Cumulative A/D Line 223,396 -.75%

• Bloomberg New Highs-Lows Index -1060 -287

• Bloomberg Crude Oil % Bulls 32.0 -24.37%

• CFTC Oil Net Speculative Position 295,946 -.04%

• CFTC Oil Total Open Interest 1,485,856 +.35%

• Total Put/Call .91 -18.75%

• OEX Put/Call .56 -77.05%

• ISE Sentiment 79.0 -3.66%

• NYSE Arms .72 -1.37%

• Volatility(VIX) 14.55 -2.02%

• S&P 500 Implied Correlation 51.55 -.37%

• G7 Currency Volatility (VXY) 7.58 -.92%

• Emerging Markets Currency Volatility (EM-VXY) 7.81 +.64%

• Smart Money Flow Index 11,427.27 +.71%

• ICI Money Mkt Mutual Fund Assets $2.59 Trillion +.88%

• ICI US Equity Weekly Net New Cash Flow -$1.478 Billion

• AAII % Bulls 35.4 -15.3%

• AAII % Bears 30.90 +9.5%

Futures Spot Prices

• CRB Index 276.34 -1.41%

• Crude Oil 89.74 -3.88%

• Reformulated Gasoline 237.85 -4.25%

• Natural Gas 4.04 +1.78%

• Heating Oil 261.63 -3.13%

• Gold 1,192.90 -2.12%

• Bloomberg Base Metals Index 190.24 -1.85%

• Copper 299.85 -1.27%

• US No. 1 Heavy Melt Scrap Steel 359.0 USD/Ton unch.

• China Iron Ore Spot 78.60 USD/Ton n/a

• Lumber 349.20 +6.56%

• UBS-Bloomberg Agriculture 1,165.89 +.60%

Economy

• ECRI Weekly Leading Economic Index Growth Rate 2.1% unch.

• Philly Fed ADS Real-Time Business Conditions Index .0866 -1.37%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 128.83 +.02%

• Citi US Economic Surprise Index 18.30 -7.9 points
• Citi Eurozone Economic Surprise Index -45.80 -.8 point

• Citi Emerging Markets Economic Surprise Index -18.60 -1.8 points

• Fed Fund Futures imply 36.0% chance of no change, 64.0% chance of 25 basis point cut on 9/17

• US Dollar Index 86.69 +1.25%

• Euro/Yen Carry Return Index 143.47 -.87%

• Yield Curve 188.0 -7.0 basis points

• 10-Year US Treasury Yield 2.43% -10.0 basis points

• Federal Reserve's Balance Sheet $4.409 Trillion -.20%

• U.S. Sovereign Debt Credit Default Swap 17.36 +4.94%

• Illinois Municipal Debt Credit Default Swap 166.0 -2.37%

• Western Europe Sovereign Debt Credit Default Swap Index 26.47 -5.73%

• Asia Pacific Sovereign Debt Credit Default Swap Index 69.90 +1.13%
  

• Emerging Markets Sovereign Debt CDS Index 234.76 +1.57%
  

• Israel Sovereign Debt Credit Default Swap 81.69 +2.76%

• Iraq Sovereign Debt Credit Default Swap 357.45 +3.07%

• Russia Sovereign Debt Credit Default Swap 251.33 +4.90%

• China Blended Corporate Spread Index 319.36 +2.74%

• 10-Year TIPS Spread 1.94% -3.0 basis points

• TED Spread 22.50 -.5 basis point

• 2-Year Swap Spread 25.75 +3.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -10.0 -1.0 basis point

• N. America Investment Grade Credit Default Swap Index 59.99 -8.82%
  

• European Financial Sector Credit Default Swap Index 58.53 -7.26%
  

• Emerging Markets Credit Default Swap Index 278.78 +5.79%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 83.50 +1.0 basis point

• M1 Money Supply $2.861 Trillion -1.11%

• Commercial Paper Outstanding 1,052.90 -.50%

• 4-Week Moving Average of Jobless Claims 294,750 -3,750

• Continuing Claims Unemployment Rate 1.8% unch.

• Average 30-Year Mortgage Rate 4.19% -1 basis point

• Weekly Mortgage Applications 337.80 -.18%

• Bloomberg Consumer Comfort 34.8 -.7 point

• Weekly Retail Sales +4.10% unch.

• Nationwide Gas $3.32/gallon -.02/gallon

• Baltic Dry Index 1,037 -1.14%

• China (Export) Containerized Freight Index 1,187.67 -1.55%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 +14.29%

• Rail Freight Carloads 275,071 -1.68%

Best Performing Style

• Large-Cap Growth -.7%

Worst Performing Style

• Small-Cap Value -1.6%

Leading Sectors

• Utilities +1.4%

• Medical Equipment +1.4%

• Foods +.6%

• Restaurants +.6%

• Road & Rail +.3%

Lagging Sectors

• Energy -4.5% 

• Steel -4.7%

• Coal -5.0%

• Oil Service -6.3%

• Gold & Silver -6.6%

Weekly High-Volume Stock Gainers (25)

• AMBI, BAGL, ESPR, MOVE, ARDX, AMAG, IMDZ, JNS, KITE, ATHL, RLD, CMCT, TIBX, AGIO, FNHC, CEMP, LMOS, SAGE, NYT, BREW, DWA, AYI, ADPT, SNX and HAWK

Weekly High-Volume Stock Losers (18)

• HMST, NWSA, AMPH, IRM, TERP, WLK, CLH, CAR, F, ZINC, KPTI, ELGX, TSE, FINL, POWL, GTLS, PDFS and CVEO

Weekly Charts
ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Final Hour on US Economic Data, Yen Weakness, Short-Covering, Biotech/Healthcare Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Below Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 14.49 -10.33%

• Euro/Yen Carry Return Index 143.46 +.03%

• Emerging Markets Currency Volatility(VXY) 7.81 +.13%

• S&P 500 Implied Correlation 51.18 -9.86%

• ISE Sentiment Index 74.0 -10.84%

• Total Put/Call .92 -8.91%

• NYSE Arms .90 +3.07% 

Credit Investor Angst:

• North American Investment Grade CDS Index 58.87 -6.60%

• European Financial Sector CDS Index 58.72 -7.47%

• Western Europe Sovereign Debt CDS Index 26.47 -2.54%
• Asia Pacific Sovereign Debt CDS Index 70.02 -2.42%

• Emerging Market CDS Index 279.36 -.30%

• China Blended Corporate Spread Index 319.36 -.1%
• 2-Year Swap Spread 25.75 -.5 basis point

• TED Spread 22.75 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -10.0 -.25 basis point

Economic Gauges:

• 3-Month T-Bill Yield .01% unch.

• Yield Curve 188.0 -2.0 basis points

• China Import Iron Ore Spot $77.50/Metric Tonne n/a

• Citi US Economic Surprise Index 18.30 +6.9 basis points

• Citi Emerging Markets Economic Surprise Index -18.60 +.8 point

• 10-Year TIPS Spread 1.94 -2.0 basis points

Overseas Futures:

• Nikkei Futures: Indicating +282 open in Japan

• DAX Futures: Indicating +19 open in Germany

Portfolio: 

• Higher: On gains in my tech/biotech/medical/retail sector longs

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 75% Net Long