Market Week in Review

S&P 500 2,091.69 +.08%*


The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 2,091.69 +.08%

• DJIA 17,847.63 +.28%

• NASDAQ 5,142.27 +.29%

• Russell 2000 1,183.40 -1.59%

• S&P 500 High Beta 31.0 -1.40%

• Goldman 50 Most Shorted 106.74 -2.56% 

• Wilshire 5000 21,632.31 -.19%

• Russell 1000 Growth 1,024.33 +.09%

• Russell 1000 Value 987.91 -.26%

• S&P 500 Consumer Staples 515.31 +.91%

• Solactive US Cyclical 128.92 -.49%

• Morgan Stanley Technology 1,122.61 +.94%

• Transports 7,954.83 -3.17%

• Utilities 561.30 -.32%

• Bloomberg European Bank/Financial Services 101.77 -2.48%

• MSCI Emerging Markets 33.64 -1.53%

• HFRX Equity Hedge 1,162.32 -.33%

• HFRX Equity Market Neutral 1,041.94 +.40%

Sentiment/Internals

• NYSE Cumulative A/D Line 232,056 -.97%

• Bloomberg New Highs-Lows Index -389 -259

• Bloomberg Crude Oil % Bulls 26.5 -15.3%

• CFTC Oil Net Speculative Position 208,478 -1.67%

• CFTC Oil Total Open Interest 1,661,176 +1.76%

• Total Put/Call .89 -20.54%

• OEX Put/Call 1.39 -70.64%

• ISE Sentiment 130.0 -2.99%

• NYSE Arms 1.11 -40.21%

• Volatility(VIX) 14.96 +.40%

• S&P 500 Implied Correlation 55.81 -2.23%

• G7 Currency Volatility (VXY) 9.0 -10.0%

• Emerging Markets Currency Volatility (EM-VXY) 10.59 -.38%

• Smart Money Flow Index 17,705.53 -2.06%

• ICI Money Mkt Mutual Fund Assets $2.741 Trillion +.65%

• ICI US Equity Weekly Net New Cash Flow -$3.528 Billion

• AAII % Bulls 29.5 -8.9%

• AAII % Bears 21.2 -18.6%

Futures Spot Prices

• CRB Index 183.24 unch.

• Crude Oil 40.10 -4.0%

• Reformulated Gasoline 128.08 -4.43%

• Natural Gas 2.18 -2.07%

• Heating Oil 135.09 -.69%

• Gold 1,086.10 +2.74%

• Bloomberg Base Metals Index 135.96 +.75%

• Copper 207.85 +1.27%

• US No. 1 Heavy Melt Scrap Steel 139.0 USD/Ton unch.

• China Iron Ore Spot 40.03 USD/Ton -10.04%

• Lumber 252.10 +1.90%

• UBS-Bloomberg Agriculture 1,078.81 +3.07%

Economy

• ECRI Weekly Leading Economic Index Growth Rate -1.2% +80.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index -.0408 +2.86%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 125.95 +.1%

• Citi US Economic Surprise Index -25.80 -10.3 points

• Citi Eurozone Economic Surprise Index 19.10 -9.1 points

• Citi Emerging Markets Economic Surprise Index 12.10 +6.7 points

• Fed Fund Futures imply 24.0% chance of no change, 76.0% chance of 25 basis point hike on 12/16
• # of Months to 1st Fed Rate Hike(Morgan Stanley) 1.61 -12.97%

• US Dollar Index 98.36 -1.72%

• Euro/Yen Carry Return Index 139.98 +2.99%

• Yield Curve 133.0 +3.0 basis points

• 10-Year US Treasury Yield 2.27% +5.0 basis points

• Federal Reserve's Balance Sheet $4.440 Trillion +.03%

• U.S. Sovereign Debt Credit Default Swap 20.50 -.15%

• Illinois Municipal Debt Credit Default Swap 279.0 +1.27%

• Western Europe Sovereign Debt Credit Default Swap Index 17.73 -.03%

• Asia Pacific Sovereign Debt Credit Default Swap Index 68.86 -.27%
  

• Emerging Markets Sovereign Debt CDS Index 165.65 +3.56%
  

• Israel Sovereign Debt Credit Default Swap 78.50 unch.

• Iraq Sovereign Debt Credit Default Swap 834.50 +1.28%

• Russia Sovereign Debt Credit Default Swap 280.32 +4.62%

• iBoxx Offshore RMB China Corporates High Yield Index 123.87 -.22%

• 10-Year TIPS Spread 1.63% -1.0 basis points

• TED Spread 23.75 -.5 basis point

• 2-Year Swap Spread 10.0 +4.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -35.25 +18.0 basis points

• N. America Investment Grade Credit Default Swap Index 82.55 -2.29%

• America Energy Sector High-Yield Credit Default Swap Index 1,336.0 +2.03%

• European Financial Sector Credit Default Swap Index 70.93 +3.50%
  

• Emerging Markets Credit Default Swap Index 336.95 +5.57%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 130.0 unch.

• M1 Money Supply $3.115 Trillion +.76%

• Commercial Paper Outstanding 1,042.40 -1.40%

• 4-Week Moving Average of Jobless Claims 269,250 -1,750

• Continuing Claims Unemployment Rate 1.6% unch.

• Average 30-Year Mortgage Rate 3.93% -2.0 basis points

• Weekly Mortgage Applications 418.90 -.24%

• Bloomberg Consumer Comfort 39.6 -1.3 points

• Weekly Retail Sales +1.90% +60.0 basis points

• Nationwide Gas $2.05/gallon unch.

• Baltic Dry Index 574.0 -1.20%

• China (Export) Containerized Freight Index 718.58 -4.26%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 50.0 +33.33%

• Rail Freight Carloads 219,470 -17.09%

Best Performing Style

• Large-Cap Growth unch.

Worst Performing Style

• Small-Cap Value -1.7%

Leading Sectors

• Gold & Silver +10.4%

• Alt Energy +3.5%

• Semis +3.1%

• Coal +2.9%

• Airlines +2.9%

Lagging Sectors

• Hospitals -3.5% 

• Oil Service -3.6%

• Energy -3.7%

• Road & Rail -7.2%

• Oil Tankers -9.4%

Weekly High-Volume Stock Gainers (9)

• BLOX, ONDK, CTMX, ITC, SCVL, PLAB, DYAX, FIZZ and HSII

Weekly High-Volume Stock Losers (15)

• AMSG, PFPT, TRNO, UHAL, TIER, CMI, REX, BKS, IMS, MPG, CHRW, INCR, VRNT, ISLE and CSC

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Afternoon on Diminished Global Growth Fears, Central Bank Hopes, Seasonal Optimism, Financial/Homebuilding Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 15.44 -14.74%

• Euro/Yen Carry Return Index 139.76 -.27%

• Emerging Markets Currency Volatility(VXY) 10.64 unch.

• S&P 500 Implied Correlation 55.70 -3.60%

• ISE Sentiment Index 141.0 +78.48%

• Total Put/Call .86 -22.52%

• NYSE Arms 1.15 +52.40% 

Credit Investor Angst:

• North American Investment Grade CDS Index 81.95 -1.10%

• America Energy Sector High-Yield CDS Index 1,334.0 +3.27%

• European Financial Sector CDS Index 71.50 +.53%

• Western Europe Sovereign Debt CDS Index 17.74 +2.16%

• Asia Pacific Sovereign Debt CDS Index 68.86 -.58%

• Emerging Market CDS Index 339.27 -.31%
  

• iBoxx Offshore RMB China Corporate High Yield Index 123.87 -.03%

• 2-Year Swap Spread 10.0 +2.0 basis points

• TED Spread 23.75 +2.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -35.25 -1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 70.61 -.15%
• 3-Month T-Bill Yield .21% +1.0 basis point

• Yield Curve 133.0 -4.0 basis points

• China Import Iron Ore Spot $40.03/Metric Tonne -1.77%

• Citi US Economic Surprise Index -25.80 -4.0 points

• Citi Eurozone Economic Surprise Index 19.10 +1.4 points

• Citi Emerging Markets Economic Surprise Index 12.1 +1.9 points

• 10-Year TIPS Spread 1.63 -1.0 basis point
• # of Months to 1st Fed Rate Hike(Morgan Stanley) 1.61 -.03

Overseas Futures:

• Nikkei 225 Futures: Indicating +171 open in Japan 
• China A50 Futures: Indicating -144 open in China

• DAX Futures: Indicating +89 open in Germany

Portfolio: 

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

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

• Market Exposure: Moved to 75% Net Long

Bear Radar

Style Underperformer: 

• Small-Cap Value +.56%

Sector Underperformers: 

• 1) Coal -9.41% 2) Oil Tankers -3.45% 3) Oil Service -2.01%

Stocks Falling on Unusual Volume:

• COO, KMI, MPLX, BIG, AMBA, IEP, NSH, MMLP, P, NGLS, CMG, CORR, ETE, NSC, KYN, PTLA, NGL, TITN, BPT, ZIOP, TYG, EQM, CEQP, BPL, SUPN, GEL, PII, FGP, PAA, TLLP, VECO, WPZ, OKE, KYE, DYN, TRGP, NGLS and RYAM

Stocks With Unusual Put Option Activity: 

• 1) HAS 2) CCL 3) KMI 4) OXY 5) NSC

Stocks With Most Negative News Mentions: 

• 1) GPRO 2) COO 3) PBR 4) AMBA 5) CMG

Charts:

• ETFs Falling on Unusual Volume 
• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Large-Cap Growth +1.28%

Sector Outperformers: 

• 1) Gold & Silver +3.59% 2) Banks +2.36% 3) HMOs +2.28%

Stocks Rising on Unusual Volume: 

• ULTA, ZUMZ, PLAB, RYLP, USLV, NPTN, SHLD and EXPR

Stocks With Unusual Call Option Activity: 

• 1) AMLP 2) RAD 3) ULTA 4) NRG 5) BKD

Stocks With Most Positive News Mentions: 

• 1) DGX 2) HPQ 3) EMC 4) FIVE 5) LMT

Charts: 

• ETFs Rising on Unusual Volume 
• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running +8.9% Above 100-Day Average
• 9 Sectors Rising, 1 Sector Declining
• 56.9% of Issues Advancing, 40.5% Declining
• 24 New 52-Week Highs, 176 New Lows
• 34.1% of Issues Above 200-day Moving Average
• Average 14-Day RSI 40.3
• Vix 16.3
• Total Put/Call .85
• TRIN/Arms 1.16