Market Week in Review

• S&P 500 1,946.43 +1.60%

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 1,946.43 +1.60%

• DJIA 16,654.70 +1.47%

• NASDAQ 4,595.02 +1.82%

• Russell 2000 1,034.73 +2.49%

• S&P 500 High Beta 25.89 +3.65%

• Goldman 50 Most Shorted 89.97 +4.49% 

• Wilshire 5000 19,990.10 +1.74%

• Russell 1000 Growth 948.23 +1.78%

• Russell 1000 Value 918.16 +1.72%

• S&P 500 Consumer Staples 523.58 +.3%

• Solactive US Cyclical 119.70 +3.01%

• Morgan Stanley Technology 987.85 +3.36%

• Transports 7,415.75 +1.70%

• Utilities 620.13 +.11%

• Bloomberg European Bank/Financial Services 79.36 +3.60%

• MSCI Emerging Markets 30.18 -.52%

• HFRX Equity Hedge 1,080.84 +.05%

• HFRX Equity Market Neutral 1,022.88 +.65%

Sentiment/Internals

• NYSE Cumulative A/D Line 226,516 +1.28%

• Bloomberg New Highs-Lows Index -122 -17

• Bloomberg Crude Oil % Bulls 22.50 -42.34%

• CFTC Oil Net Speculative Position 158,987 -15.38%

• CFTC Oil Total Open Interest 1,840,051 -.77%

• Total Put/Call 1.02 -2.91%

• OEX Put/Call 2.56 +509.52%

• ISE Sentiment 116.0 +5.45%

• NYSE Arms .84 -55.19%

• Volatility(VIX) 20.01 -2.82%

• S&P 500 Implied Correlation 60.17 -3.20%

• G7 Currency Volatility (VXY) 11.36 -2.74%

• Emerging Markets Currency Volatility (EM-VXY) 12.21 -2.48%

• Smart Money Flow Index 18,259.75 +2.57%

• ICI Money Mkt Mutual Fund Assets $2.778 Trillion +.54%

• ICI US Equity Weekly Net New Cash Flow -$2.271 Billion

• AAII % Bulls 31.2 +13.2%

• AAII % Bears 31.4 -16.9%

Futures Spot Prices

• CRB Index 161.67 +1.28%

• Crude Oil 32.84 +10.3%

• Reformulated Gasoline 101.40 +5.15%

• Natural Gas 1.79 -.88%

• Heating Oil 105.16 +2.16%

• Gold 1,225.80 -.02%

• Bloomberg Base Metals Index 140.52 +1.55%

• Copper 210.90 +1.39%

• US No. 1 Heavy Melt Scrap Steel 167.33 USD/Ton unch.

• China Iron Ore Spot 48.29 USD/Ton -.47%

• Lumber 254.60 -2.53%

• UBS-Bloomberg Agriculture 1,005.59 +.24%

Economy

• ECRI Weekly Leading Economic Index Growth Rate -3.4% -30.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index .2192 -7.63%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 123.01 -.15%

• Citi US Economic Surprise Index -21.40 +15.6 points

• Citi Eurozone Economic Surprise Index -60.40 -28.1 points

• Citi Emerging Markets Economic Surprise Index -7.90 -.9 point

• Fed Fund Futures imply 88.0% chance of no change, 12.0% chance of 25 basis point hike on 3/16

• US Dollar Index 98.16 +1.63%
• MSCI Emerging Markets Currency Index 1,439.23 +.11%

• Euro/Yen Carry Return Index 130.06 -.74%

• Yield Curve 97.0 -4.0 basis points

• 10-Year US Treasury Yield 1.77% +2.0 basis points

• Federal Reserve's Balance Sheet $4.450 Trillion +.13%

• U.S. Sovereign Debt Credit Default Swap 20.0 -5.4%

• Illinois Municipal Debt Credit Default Swap 373.0 +6.7%

• Western Europe Sovereign Debt Credit Default Swap Index 32.65 -.03%

• Asia Pacific Sovereign Debt Credit Default Swap Index 75.50 -3.85%
  

• Emerging Markets Sovereign Debt CDS Index 188.35 -1.40%
  

• Israel Sovereign Debt Credit Default Swap 85.91 +2.54%

• Iraq Sovereign Debt Credit Default Swap 1,210.83 +.58%

• Russia Sovereign Debt Credit Default Swap 332.62 -2.27%

• iBoxx Offshore RMB China Corporates High Yield Index 123.89 +.49%

• 10-Year TIPS Spread 1.42% +15.0 basis points

• TED Spread 31.5 -1.5 basis points

• 2-Year Swap Spread 3.75 -2.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -26.0 -3.25 basis points

• N. America Investment Grade Credit Default Swap Index 1109.40 -8.2%

• America Energy Sector High-Yield Credit Default Swap Index 2,266.0 -.51%

• European Financial Sector Credit Default Swap Index 115.49 -4.59%
  

• Emerging Markets Credit Default Swap Index 369.47 -2.47%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 170.0 unch.

• M1 Money Supply $3.108 Trillion -.32%

• Commercial Paper Outstanding 1,076.40 -.70%

• 4-Week Moving Average of Jobless Claims 272,000 -1,250

• Continuing Claims Unemployment Rate 1.7% unch.

• Average 30-Year Mortgage Rate 3.62% -3.0 basis points

• Weekly Mortgage Applications 521.50 -4.29%

• Bloomberg Consumer Comfort 44.2 -.1 point

• Weekly Retail Sales +.90% +20.0 basis points

• Nationwide Gas $1.73/gallon +.01/gallon

• Baltic Dry Index 325.0 +3.17%

• China (Export) Containerized Freight Index 751.54 -1.4%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 30.0 -14.29%

• Rail Freight Carloads 252,463 -3.2%

Best Performing Style

• Small-Cap Growth +2.9%

Worst Performing Style

• Large-Cap Growth +1.9%

Leading Sectors

• Homebuilders +6.1%

• Hospitals +5.5%

• Alt Energy +5.0%

• Gaming +4.5%

• Retail +4.4%

Lagging Sectors

• Biotech +.2% 

• Tobacco -1.5%

• Coal -2.4%

• Education -2.5%

• Airlines -2.5%

Weekly High-Volume Stock Gainers (22)

• POWR, NEWP, DRII, TREX, WTW, RDUS, RUBI, DWA, DPZ, CHS, TXRH, MSI, DIN, GTLS, UTX, SNC, USM, CRI, HCKT, RSE, TFX and CPS

Weekly High-Volume Stock Losers (13)

• CXO, LADR, HAWK, VECO, ARII, VRX, CNL, VSI, CAR, FIT, TRN, ABCO and PTCT

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Higher into Afternoon on Central Bank Hopes, Yen Weakness, Oil Bounce, Energy/Financial Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Gaining
  

• Volume: Slightly Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 19.6 +2.6%

• Euro/Yen Carry Return Index 129.98 -.12%

• Emerging Markets Currency Volatility(VXY) 12.21 +.91%

• S&P 500 Implied Correlation 59.90 +1.20%

• ISE Sentiment Index 92.0 -22.69%

• Total Put/Call 1.01 +9.78%

• NYSE Arms .81 -13.68% 

Credit Investor Angst:

• North American Investment Grade CDS Index 109.28 -2.91%

• America Energy Sector High-Yield CDS Index 2,266.0 -1.72%

• European Financial Sector CDS Index 112.11 -7.52%

• Western Europe Sovereign Debt CDS Index 32.44 -1.23%

• Asia Pacific Sovereign Debt CDS Index 75.76 -.47%

• Emerging Market CDS Index 366.13 +.75%
  

• iBoxx Offshore RMB China Corporate High Yield Index 123.89 +.06%

• 2-Year Swap Spread 3.75 -1.25 basis points
  

• TED Spread 31.50 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -26.25 -3.0 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 68.134 -.8%
• 3-Month T-Bill Yield .31% -1.0 basis point

• Yield Curve 96.0 -2.0 basis points
  

• China Import Iron Ore Spot $48.29/Metric Tonne -2.93%

• Citi US Economic Surprise Index -21.40 +9.3 points

• Citi Eurozone Economic Surprise Index -60.40 -7.1 points

• Citi Emerging Markets Economic Surprise Index -7.90 +1.2 points

• 10-Year TIPS Spread 1.43% +3.0 basis points
• 20.8% chance of Fed rate hike at April 27 meeting, 35.1% chance at June 15 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +217 open in Japan 
• China A50 Futures: Indicating -4 open in China

• DAX Futures: Indicating +9 open in Germany

Portfolio: 

• Higher: On gains in my biotech/medical/retail sector longs and emerging market shorts

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

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth -.1%

Sector Underperformers:

• 1) Airlines -7.2% 2) Utilities -2.4% 3) Gold & Silver -2.1%

Stocks Falling on Unusual Volume:

• STOR, PRAA, BGS, PMC, AIRM, CWT, NTRI, OLED, INOV, MELI, MNST, SMP, GG, SABR, ARI, FL, WTW, USLV, PCRX, DIN, OMF, QTS, EOG, WR, AWR, CVT, OMF, DRII, INOV, SRPT and WTW

Stocks With Unusual Put Option Activity:

• 1) LPX 2) XLY 3) HPQ 4) VNQ 5) EWW

Stocks With Most Negative News Mentions:

• 1) SWN 2) PRAA 3) SEAS 4) VALE 5) CARA

Charts:

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

Bull Radar

Style Outperformer: 

• Small-Cap Value +.5%

Sector Outperformers:

• 1) Oil Service +4.6% 2) Hospitals +3.2% 3) I-Banks +2.6% 

Stocks Rising on Unusual Volume: 

• AMTG, ALRM, NFX, HLF, CCOI, STMP, HMSY, ZOES, SPLK, PODD, BIDU, MTZ, TWOU, TRGP, WLH, RDC, DPM, LNG, MHK and UHS

Stocks With Unusual Call Option Activity: 

• 1) NRF 2) WYN 3) SUNE 4) TLRD 5) GALE

Stocks With Most Positive News Mentions: 

• 1) KHC 2) RH 3) NFX 4) SPLK 5) SGMS

Charts:

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

Market Internals

NYSE Composite Index:

• Volume Running +20.9% Above 100-Day Average
• 5 Sectors Rising, 5 Sectors Declining
• 63.0% of Issues Advancing, 35.0% Declining
• 46 New 52-Week Highs, 23 New Lows
• 27.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 45.6%
• Vix 19.7 +2.7%
• Total Put/Call 1.05 +14.1%
• TRIN/Arms .84 -10.4%