Market Week in Review

• S&P 500 2,120.46 +.23%*

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 2,120.46 +.23%

• DJIA 18,257.0 +.35%

• NASDAQ 5,043.97 +.81%

• Russell 2000 1,243.05 +.69%

• S&P 500 High Beta 35.38 -.28% 

• Goldman 50 Most Shorted 140.22 +.62% 

• Wilshire 5000 22,159.30 +.32%

• Russell 1000 Growth 1,018.06 +.51%

• Russell 1000 Value 1,037.35 +.05%

• S&P 500 Consumer Staples 510.17 +1.08%

• Solactive US Cyclical 141.08 +.33%

• Morgan Stanley Technology 1,049.64 +.71%

• Transports 8,677.18 -.98%

• Utilities 584.70 +.22%

• Bloomberg European Bank/Financial Services 119.25 -.39%

• MSCI Emerging Markets 42.96 +.77%

• HFRX Equity Hedge 1,219.42 +.42%
• HFRX Equity Market Neutral 990.75 +.14%

Sentiment/Internals

• NYSE Cumulative A/D Line 241,167 +1.05%

• Bloomberg New Highs-Lows Index 168 +321

• Bloomberg Crude Oil % Bulls 41.67 n/a

• CFTC Oil Net Speculative Position 325,706 +3.45%
• CFTC Oil Total Open Interest 1,750,082 +1.90%

• Total Put/Call .85 unch.

• OEX Put/Call 1.1 -31.25%

• ISE Sentiment 87.0 -4.40%

• NYSE Arms .97 +30.13%

• Volatility(VIX) 12.43 -3.34%

• S&P 500 Implied Correlation 63.49 -1.23%

• G7 Currency Volatility (VXY) 9.07 -7.07%

• Emerging Markets Currency Volatility (EM-VXY) 9.41 -6.55%

• Smart Money Flow Index 17,628.78 +.40%

• ICI Money Mkt Mutual Fund Assets $2.589 Trillion -.06%
• ICI US Equity Weekly Net New Cash Flow -$2.248 Billion

• AAII % Bulls 26.7 -1.2%
• AAII % Bears 26.4 -1.8%

Futures Spot Prices

• CRB Index 231.46 +.94%

• Crude Oil 59.87 +.25%

• Reformulated Gasoline 205.57 +2.96%

• Natural Gas 3.02 +5.62%

• Heating Oil 200.73 +2.28%

• Gold 1,224.50 +3.09%

• Bloomberg Base Metals Index 178.92 -2.04%

• Copper 292.40 +.38%

• US No. 1 Heavy Melt Scrap Steel 230.33 USD/Ton +.14%
• China Iron Ore Spot 61.31 USD/Ton -.15%

• Lumber 252.40 +3.62%

• UBS-Bloomberg Agriculture 1,103.35 -.49%

Economy

• ECRI Weekly Leading Economic Index Growth Rate 1.2% +70.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index -.0483 +10.72%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 124.17 +.34%

• Citi US Economic Surprise Index -71.60 -7.3 points

• Citi Eurozone Economic Surprise Index 1.90 -12.3 points

• Citi Emerging Markets Economic Surprise Index -14.0 +3.1 points

• Fed Fund Futures imply 56.0% chance of no change, 44.0% chance of 25 basis point cut on 6/17

• US Dollar Index 93.16 -1.64%

• Euro/Yen Carry Return Index 142.74 +1.88%

• Yield Curve 160.0 +2.0 basis points

• 10-Year US Treasury Yield 2.14% -1.0 basis point

• Federal Reserve's Balance Sheet $4.462 Trillion +.62%

• U.S. Sovereign Debt Credit Default Swap 16.18 -8.99%

• Illinois Municipal Debt Credit Default Swap 230.0 +12.84%

• Western Europe Sovereign Debt Credit Default Swap Index 22.07 -3.56%

• Asia Pacific Sovereign Debt Credit Default Swap Index 60.31 +1.69%
  

• Emerging Markets Sovereign Debt CDS Index 309.30 -1.57%
  

• Israel Sovereign Debt Credit Default Swap 65.19 +.28%

• Iraq Sovereign Debt Credit Default Swap 347.32 -.01%

• Russia Sovereign Debt Credit Default Swap 301.16 -9.36%

• iBoxx Offshore RMB China Corporates High Yield Index 118.91 +.77%

• 10-Year TIPS Spread 1.86% -3.0 basis points

• TED Spread 26.5 -1.0 basis point

• 2-Year Swap Spread 26.25 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -18.75 +2.25 basis points

• N. America Investment Grade Credit Default Swap Index 62.77 -.04%

• America Energy Sector High-Yield Credit Default Swap Index 1,056.0 -1.74%

• European Financial Sector Credit Default Swap Index 73.1 +1.80%
  

• Emerging Markets Credit Default Swap Index 290.38 -.35%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 87.50 unch.

• M1 Money Supply $3.030 Trillion +2.0%

• Commercial Paper Outstanding 992.40 -2.40%

• 4-Week Moving Average of Jobless Claims 271,750 -7,750

• Continuing Claims Unemployment Rate 1.7% unch.

• Average 30-Year Mortgage Rate 3.85% +5.0 basis points
• Weekly Mortgage Applications 412.50 -3.46%

• Bloomberg Consumer Comfort 43.5 -.2 point

• Weekly Retail Sales +2.1% +90 basis points

• Nationwide Gas $2.69/gallon +.03/gallon

• Baltic Dry Index 637.0 +11.0%

• China (Export) Containerized Freight Index 875.21 -1.47%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 40.0 +23.1%
• Rail Freight Carloads 277,601 -1.80%

Best Performing Style

• Small-Cap Growth +.8%

Worst Performing Style

• Large-Cap Value +.1%

Leading Sectors

• Gold & Silver +3.9%

• HMOs +2.7%

• Alt Energy +2.6%

• Social Media +2.1%

• Papers +2.0%

Lagging Sectors

• Oil Service -1.1% 

• Energy -1.9%

• Road & Rail -3.2%

• Coal -4.3%

• Gaming -4.7%

Weekly High-Volume Stock Gainers (29)

• SSNI, AOL, PLL, ROSE, RENT, IMPV, TKAI, TGI, RVNC, MOH, ZBRA, DF, NVRO, HDP, QTWO, PN, OSIR, OPWR, ZU, YDLE, WMS, LOCO, PERY, KRNY, ISSI, WMB, GDDY, DHR and XHR

Weekly High-Volume Stock Losers (22)

• POM, MTZ, HMTV, NNI, KSU, NBL, MNST, GDOT, UEIC, PDVW, FGEN, PBYI, WAGE, KSS, RMD, ENV, APEI, DEPO, RAX, BBSI, NLNK and FLDM

Weekly Charts
ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Slightly Lower into Afternoon on Global Growth Fears, Earnings Concerns, Technical Selling, Tech/Financial Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Mixed
  

• Volume: Below Average

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 12.65 -.81%

• Euro/Yen Carry Return Index 142.66 +.42%

• Emerging Markets Currency Volatility(VXY) 9.41 -2.39%

• S&P 500 Implied Correlation 63.38 -.44%

• ISE Sentiment Index 83.0 -62.27%

• Total Put/Call .87 +10.13%

• NYSE Arms .90 -30.59% 

Credit Investor Angst:

• North American Investment Grade CDS Index 62.94 -1.42%

• America Energy Sector High-Yield CDS Index 1,056.0 -.43%

• European Financial Sector CDS Index 73.11 -.31%

• Western Europe Sovereign Debt CDS Index 21.67 -1.81%

• Asia Pacific Sovereign Debt CDS Index 59.70 -1.01%

• Emerging Market CDS Index 290.81 -.06%
  

• iBoxx Offshore RMB China Corporates High Yield Index 118.91 +.11%

• 2-Year Swap Spread 26.25 -.5 basis point

• TED Spread 26.50 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -18.75 -.5 basis point

Economic Gauges:

• 3-Month T-Bill Yield .01% unch.

• Yield Curve 160.0 -9.0 basis points

• China Import Iron Ore Spot $61.31/Metric Tonne -1.59%

• Citi US Economic Surprise Index -71.6 -9.4 points

• Citi Eurozone Economic Surprise Index 1.90 -.3 point

• Citi Emerging Markets Economic Surprise Index -14.0 +5.0 points

• 10-Year TIPS Spread 1.86 -2.0 basis points

Overseas Futures:

• Nikkei 225 Futures: Indicating +23 open in Japan 
• China A50 Futures: Indicating -136 open in China

• DAX Futures: Indicating -85 open in Germany

Portfolio: 

• Slightly Lower: On losses in my tech sector longs and emerging markets shorts

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Growth -.41%

Sector Underperformers:

• 1) Oil Tankers -2.13% 2) Banks -1.41% 3) Computer Hardware -.91%

Stocks Falling on Unusual Volume:

• ZAYO, PAYC, LOCO, GMCR, DDS, MMYT, FGEN, CSTM, ANET, SHG, EXP, CLVS, AEGR, DE, SNY, GHDX, SSI, ENV, UMBF, TK, CATY, CMGE, SYMC, WRLD, SYT and SSI

Stocks With Unusual Put Option Activity:

• 1) HZNP 2) JWN 3) LOCO 4) HTZ 5) DE
  

Stocks With Most Negative News Mentions:

• 1) WYNN 2) DE 3) FB 4) DDS 5) GMCR
  

Charts:

• ETFs Falling on Unusual Volume

• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Mid-Cap Growth -.05%

Sector Outperformers:

• 1) Utilities +.81% 2) Road & Rail +.76% 3) REITs +.63%
  

Stocks Rising on Unusual Volume:

• SRNE, CAR, BONA, CBI, NFLX, DAR, SHAK, OVAS and HTZ

Stocks With Unusual Call Option Activity:

• 1) FTR 2) WIN 3) SFM 4) CAR 5) ATML
  

Stocks With Most Positive News Mentions:

• 1) UPS 2) AMAT 3) HBI 4) MOS 5) CASY
  

Charts:

• ETFs Rising on Unusual Volume 

• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running 5.8% Below 100-day average
• 6 Sectors Rising, 4 Sectors Declining
• 48.5% of Issues Advancing, 47.9% Declining
• 77 New 52-Week Highs, 14 New Lows
• 55.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 44.70
• Vix 12.82
• Total Put/Call .94
• TRIN/Arms 1.04