Weekly Scoreboard*

Indices

• S&P 500 2,091.58 +.52%

• DJIA 18,003.75 +.59%

• NASDAQ 4,906.23 -.65%

• Russell 2000 1,146.69 +1.39%

• S&P 500 High Beta 31.16 +4.56%

• Goldman 50 Most Shorted 107.57 +2.90% 

• Wilshire 5000 21,551.65 +.64%

• Russell 1000 Growth 1,010.59 -.36%

• Russell 1000 Value 1,000.16 +1.61%

• S&P 500 Consumer Staples 531.71 -2.13%

• Solactive US Cyclical 134.74 +1.66%

• Morgan Stanley Technology 1,059.30 +.21%

• Transports 8,085.98 +1.35%

• Utilities 639.52 -3.47%

• Bloomberg European Bank/Financial Services 84.14 +4.8%

• MSCI Emerging Markets 34.63 +.07%

• HFRX Equity Hedge 1,127.39 +.35%

• HFRX Equity Market Neutral 989.39 -1.58%

Sentiment/Internals

• NYSE Cumulative A/D Line 248,407 +1.43%

• Bloomberg New Highs-Lows Index 98.0 +3

• Bloomberg Crude Oil % Bulls 42.11 +127.38%

• CFTC Oil Net Speculative Position 334,175 +15.57%

• CFTC Oil Total Open Interest 1,714,186 -4.95%

• Total Put/Call .99 +25.32%

• OEX Put/Call 2.0 +20.48%

• ISE Sentiment 101.0 +24.69%

• NYSE Arms 1.10 -5.98%

• Volatility(VIX) 13.22 -2.94%

• S&P 500 Implied Correlation 54.98 -1.13%

• G7 Currency Volatility (VXY) 11.22 -3.61%

• Emerging Markets Currency Volatility (EM-VXY) 10.66 -6.49%

• Smart Money Flow Index 19,210.43 -.03%

• ICI Money Mkt Mutual Fund Assets $2.698 Trillion -.28%

• ICI US Equity Weekly Net New Cash Flow -$4.325 Billion

• AAII % Bulls 33.4 +20.0%

• AAII % Bears 23.9 -3.9%

Futures Spot Prices

• CRB Index 179.65 +3.46%

• Crude Oil 43.73 +8.24%

• Reformulated Gasoline 153.09 +4.43%

• Natural Gas 2.14 +12.04%

• Heating Oil 130.89 +5.92%

• Gold 1,230.0 -.47%

• Bloomberg Base Metals Index 149.06 +4.29%

• Copper 226.45 +5.13%

• US No. 1 Heavy Melt Scrap Steel 218.33 USD/Ton +19.05%

• China Iron Ore Spot 66.33 USD/Ton +13.8%

• Lumber 281.40 +.5%

• UBS-Bloomberg Agriculture 1,099.66 +1.66%

Economy

• ECRI Weekly Leading Economic Index Growth Rate +3.5% +100.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index -.3651 +7.55%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 123.33 +.01%

• Citi US Economic Surprise Index -25.10 -12.1 points

• Citi Eurozone Economic Surprise Index -17.20 +8.1 points

• Citi Emerging Markets Economic Surprise Index 16.0 -2.9 points

• Fed Fund Futures imply 98.0% chance of no change, 0.0% chance of 25 basis point hike on 4/27

• US Dollar Index 95.12 +.43%
• MSCI Emerging Markets Currency Index 1,514.46 +.10%

• Euro/Yen Carry Return Index 131.11 +2.23%

• Yield Curve 107.0  +5.21%

• 10-Year US Treasury Yield 1.89% +14.0 basis points

• Federal Reserve's Balance Sheet $4.451 Trillion -.22%

• U.S. Sovereign Debt Credit Default Swap 20.70 +.49%

• Illinois Municipal Debt Credit Default Swap 337.0 +1.19%

• Western Europe Sovereign Debt Credit Default Swap Index 26.43 -1.89%

• Asia Pacific Sovereign Debt Credit Default Swap Index 56.12 -1.35%
  

• Emerging Markets Sovereign Debt CDS Index 130.81 -4.16%
  

• Israel Sovereign Debt Credit Default Swap 70.50 -2.27%

• Iraq Sovereign Debt Credit Default Swap 999.48 -.01% 

• Russia Sovereign Debt Credit Default Swap 248.09 -9.29%

• iBoxx Offshore RMB China Corporate High Yield Index 127.12 -.19%

• 10-Year TIPS Spread 1.65% +9.0 basis points

• TED Spread 41.0 unch.

• 2-Year Swap Spread 13.5 +1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -23.0 -.75 basis point

• N. America Investment Grade Credit Default Swap Index 73.83 -8.15%

• America Energy Sector High-Yield Credit Default Swap Index 1,038.0 -17.40%

• European Financial Sector Credit Default Swap Index 82.10 -8.8%
  

• Emerging Markets Credit Default Swap Index 283.60 -2.49%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 162.50 +2.5 basis points
  

• M1 Money Supply $3.177 Trillion -.16%

• Commercial Paper Outstanding 1,110.7 +1.60%

• 4-Week Moving Average of Jobless Claims 260,500 -4,500

• Continuing Claims Unemployment Rate 1.6% unch.

• Average 30-Year Mortgage Rate 3.59% +1.0 basis point

• Weekly Mortgage Applications 526.80 +1.27%

• Bloomberg Consumer Comfort 42.9 -.7 point

• Weekly Retail Sales +.80% -20.0 basis points

• Nationwide Gas $2.12/gallon +.01/gallon

• Baltic Dry Index 688.0 +8.35%

• China (Export) Containerized Freight Index 652.69 +2.60%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 37.50 -6.25%

• Rail Freight Carloads 259,317 +4.0%

Best Performing Style

• Large-Cap Value +1.6%

Worst Performing Style

• Large-Cap Growth -.4%

Leading Sectors

• Oil Service +9.8%

• Road & Rail +7.9%

• I-Banks +5.6%

• Banks +5.1%

• Agriculture +4.5%

Lagging Sectors

• REITs -1.8% 

• Software -2.3%

• Restaurants -2.7%

• Airlines -3.0%

• Gaming -5.1%

Weekly High-Volume Stock Gainers (14)

• CVT, PTC, TTS, XBIT, VMW, BRSS, GDEN, LXK, CPXX, VIAB, MESG, BMI, VIA and IRM

Weekly High-Volume Stock Losers (11)

• WERN, CAMP, RMBS, ALR, NFLX, ILMN, XXIA, SMCI, TBI, NGVC and SRPT

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Higher into Final Hour on Central Bank Hopes, Yen Weakness, Short-Covering, Road & Rail/Energy Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Mixed
  

• Volume: Slightly Below Average

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 13.44 -3.73%

• Euro/Yen Carry Return Index 131.03 +1.48%

• Emerging Markets Currency Volatility(VXY) 10.70 -5.96%

• S&P 500 Implied Correlation 54.45 -3.17%

• ISE Sentiment Index 88.0 +41.94%

• Total Put/Call 1.05 -9.48%

• NYSE Arms 1.07 -14.75% 

Credit Investor Angst:

• North American Investment Grade CDS Index 73.23 -1.23%
  

• America Energy Sector High-Yield CDS Index 1,033.0 +6.90%

• European Financial Sector CDS Index 81.84 +.56%

• Western Europe Sovereign Debt CDS Index 26.44 +.06%

• Asia Pacific Sovereign Debt CDS Index 56.16 -.43%

• Emerging Market CDS Index 283.56 +.18%
  

• iBoxx Offshore RMB China Corporate High Yield Index 127.11 -.03%

• 2-Year Swap Spread 13.5 -.25 basis point
  

• TED Spread 40.50 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -23.0 unch.
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.58 -.42%
• 3-Month T-Bill Yield .23% unch.
  

• Yield Curve 106.0 unch.
  

• China Import Iron Ore Spot $66.33/Metric Tonne -5.86%

• Citi US Economic Surprise Index -25.10 -2.6 points

• Citi Eurozone Economic Surprise Index -17.20 -3.5 points

• Citi Emerging Markets Economic Surprise Index 16.0 +1.0 point

• 10-Year TIPS Spread 1.65% +1.0 basis point
  
• 23.0% chance of Fed rate hike at June 15 meeting, 34.9% chance at July 27 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -238 open in Japan 
• China A50 Futures: Indicating -17 open in China

• DAX Futures: Indicating +52 open in Germany

Portfolio: 

• Slightly Higher: On gains in my retail/medical sector longs and emerging markets shorts
  

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

• Market Exposure: Moved to 50% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth -.8%

Sector Underperformers:

• 1) Steel -3.7% 2) Software -3.3% 3) Airlines -2.3%

Stocks Falling on Unusual Volume:

• SAM, PRGO, BGG, MSFT, GOOGL, HA, SBUX, GOOG, KMB, SIVB, WPPGY, AAL, HPY, SYT, PTC, SHG, CEQP, UAL, IGOV, V, SA, CUK, CP, TPX and BYD

Stocks With Unusual Put Option Activity:

• 1) SBUX 2) MSFT 3) GOOGL 4) XME 5) NKE

Stocks With Most Negative News Mentions:

• 1) UAL 2) JWN 3) ALK 4) LVS 5) GOOGL

Charts:

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

Bull Radar

Style Outperformer: 

• Small-Cap Value +.6%

Sector Outperformers:

• 1) Road & Rail +3.2% 2) Oil Service +2.4% 3) Hospitals +2.2% 

Stocks Rising on Unusual Volume: 

• NGL, SRPT, KNL, PACB, XON, NSC, BJRI, CCJ, YRD and TRN

Stocks With Unusual Call Option Activity: 

• 1) BAX 2) SIRI 3) AMD 4) CBS 5) KKR

Stocks With Most Positive News Mentions: 

• 1) AMD 2) VRX 3) NSC 4) CMA 5) RIGL

Charts:

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