Weekly Scoreboard*

Indices

• S&P 500 2,173.42 -.12%

• DJIA 18,420.15 -.74%

• NASDAQ 5,160.16 +1.23%

• Russell 2000 1,219.65 +.55%

• S&P 500 High Beta 31.10 +.19%

• Goldman 50 Most Shorted 114.58 +3.60% 

• Wilshire 5000 22,460.0 +.08%

• Russell 1000 Growth 1,051.45 +.32%

• Russell 1000 Value 1,038.74 -.40%

• S&P 500 Consumer Staples 559.88 -1.48%

• Solactive US Cyclical 140.50 +1.13%

• Morgan Stanley Technology 1,143.32 +.93%

• Transports 7,586.03 -1.34%

• Utilities 711.77 -1.17%

• Bloomberg European Bank/Financial Services 71.75 -.2%

• MSCI Emerging Markets 35.92 +.57%

• HFRX Equity Hedge 1,129.83 +.12%

• HFRX Equity Market Neutral 997.85 +.45%

Sentiment/Internals

• NYSE Cumulative A/D Line 266,062 +.28%

• Bloomberg New Highs-Lows Index 274 +117

• Bloomberg Crude Oil % Bulls 20.0 -22.51%

• CFTC Oil Net Speculative Position 289,581 -1.77%

• CFTC Oil Total Open Interest 1,685,116 -2.52%

• Total Put/Call 1.31 +50.62%

• OEX Put/Call 4.38 +87.35%

• ISE Sentiment 58.0 -3.09%

• NYSE Arms 1.03 +18.08%

• Volatility(VIX) 12.16 +2.66%

• S&P 500 Implied Correlation 47.88 -2.73%

• G7 Currency Volatility (VXY) 9.53 -10.9%

• Emerging Markets Currency Volatility (EM-VXY) 9.43 -5.03%

• Smart Money Flow Index 19,568.12 -.12%

• ICI Money Mkt Mutual Fund Assets $2.715 Trillion unch.

• ICI US Equity Weekly Net New Cash Flow -$10.349 Billion

• AAII % Bulls 31.3 -11.8%

• AAII % Bears 28.4 +6.3%

Futures Spot Prices

• CRB Index 180.69 -1.28%

• Crude Oil 41.49 -6.48%

• Reformulated Gasoline 131.52 -3.84%

• Natural Gas 2.88 +4.03%

• Heating Oil 128.05 -6.11%

• Gold 1,349.0 +1.77%

• Bloomberg Base Metals Index 151.1 -.98%

• Copper 222.40 -.60%

• US No. 1 Heavy Melt Scrap Steel 206.0 USD/Ton unch.

• China Iron Ore Spot 59.37 USD/Ton +6.26%

• Lumber 319.70 -3.0%

• UBS-Bloomberg Agriculture 1,142.81 -.41%

Economy

• Atlanta Fed GDPNow Forecast +1.8% -60.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +8.0% +50.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index .1542 -9.4%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 126.54 +.53%

• Citi US Economic Surprise Index 16.30 -20.4 points

• Citi Eurozone Economic Surprise Index 28.3 +20.3 points

• Citi Emerging Markets Economic Surprise Index -6.40 +4.6 points

• Fed Fund Futures imply 80.0% chance of no change, 20.0% chance of 25 basis point hike on 9/21

• US Dollar Index 95.69 -1.72%
• MSCI Emerging Markets Currency Index 1,525.54 +.16%

• Euro/Yen Carry Return Index 119.08 -1.92%

• Yield Curve 80.0 -6.0 basis points

• 10-Year US Treasury Yield 1.47% -9.0 basis points

• Federal Reserve's Balance Sheet $4.425 Trillion -.38%

• U.S. Sovereign Debt Credit Default Swap 18.44 +1.18%

• Illinois Municipal Debt Credit Default Swap 356.0 +.04%

• Western Europe Sovereign Debt Credit Default Swap Index 25.30 -2.5%

• Asia Pacific Sovereign Debt Credit Default Swap Index 47.30 -.39%
  

• Emerging Markets Sovereign Debt CDS Index 123.40 -4.46%
  

• Israel Sovereign Debt Credit Default Swap 75.50 +.74%

• Iraq Sovereign Debt Credit Default Swap 882.83 +6.22%

• Russia Sovereign Debt Credit Default Swap 238.99 +4.5%

• iBoxx Offshore RMB China Corporate High Yield Index 131.33 +.23%

• 10-Year TIPS Spread 1.52% +1.0 basis point

• TED Spread 52.0 +11.5 basis points

• 2-Year Swap Spread 21.75 -4.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -46.75 +3.0 basis points

• N. America Investment Grade Credit Default Swap Index 74.08 +3.63%

• America Energy Sector High-Yield Credit Default Swap Index 795.0 +9.0%

• European Financial Sector Credit Default Swap Index 92.29 +1.25%
  

• Emerging Markets Credit Default Swap Index 261.99 +4.03%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 147.50 unch.
  

• M1 Money Supply $3.238 Trillion -1.02%

• Commercial Paper Outstanding 1,026.30 +.1%

• 4-Week Moving Average of Jobless Claims 256,500 -1,250

• Continuing Claims Unemployment Rate 1.6% +10.0 basis points

• Average 30-Year Mortgage Rate 3.48% +3.0 basis points

• Weekly Mortgage Applications 545.80 -11.15%

• Bloomberg Consumer Comfort 42.9 unch.

• Weekly Retail Sales +.6% unch.

• Nationwide Gas $2.14/gallon -.04/gallon

• Baltic Dry Index 665.0 -7.38%

• China (Export) Containerized Freight Index 704.65 +1.06%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 unch.

• Rail Freight Carloads 266,322 +3.22%

Best Performing Style

• Small-Cap Growth +.7%

Worst Performing Style

• Large-Cap Value -.5%

Leading Sectors

• Gold & Silver +6.2%

• Gaming +5.2%

• Steel +4.7%

• Hospitals +3.7%

• Semis +3.1%

Lagging Sectors

• Oil Service -2.4% 

• Homebuilders -2.7%

• Restaurants -3.4%

• HMOs -5.7%

• Oil Tankers -8.8%

Weekly High-Volume Stock Gainers (26)

• EXAS, PBYI, LOGM, N, HWAY, LLTC, CRUS, BWLD, GRUB, TPX, CRY, EVER, IPAR, ENTG, HSII, RAVN, OUTR, EPIQ, MHO, TNC, SRAQ, SAM, TXN, MXIM, ADI and PNRA

Weekly High-Volume Stock Losers (28)

• SERV, NANO, ATHN, FRGI, UA, CLW, WFM, MD, CRI, CHUY, ABAX, PRLB, OPB, BJRI, TIS, SEIC, SANM, AIRM, AKAM, THRM, KEX, GMED, CNMD, OLN, GIII, TGI, SKX and GNC

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Slightly Higher into Final Hour on Central Bank Hopes, Oil Reversal Higher, Short-Covering, Energy/REIT Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Slightly Lower
  

• Sector Performance: Mixed
  

• Volume: Slightly Below Average

• Market Leading Stocks: Underperforming
  

Equity Investor Angst:

• Volatility(VIX) 12.18 -4.25%

• Euro/Yen Carry Return Index 119.01 -2.38%

• Emerging Markets Currency Volatility(VXY) 9.43 -2.78%

• S&P 500 Implied Correlation 47.83 -3.2%

• ISE Sentiment Index 62.0 -34.04%
  

• Total Put/Call 1.31 +45.56%

• NYSE Arms 1.07 +.06% 

Credit Investor Angst:

• North American Investment Grade CDS Index 73.24 -1.44%
  

• America Energy Sector High-Yield CDS Index 796.0 +1.72%

• European Financial Sector CDS Index 92.48 -3.1%

• Western Europe Sovereign Debt CDS Index 25.30 -1.63%

• Asia Pacific Sovereign Debt CDS Index 47.30 -2.76%

• Emerging Market CDS Index 261.66 -1.11%
  

• iBoxx Offshore RMB China Corporate High Yield Index 131.33 +.10%

• 2-Year Swap Spread 21.75 +.5 basis point
  

• TED Spread 51.75 +6.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -46.75 +5.75 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.49 +.78%
• 3-Month T-Bill Yield .25% +2.0 basis points

• Yield Curve 80.0 +1.0 basis point

• China Import Iron Ore Spot $59.37/Metric Tonne -2.19%

• Citi US Economic Surprise Index 16.30 -20.2 points

• Citi Eurozone Economic Surprise Index 28.3 +2.8 points

• Citi Emerging Markets Economic Surprise Index -6.40 +1.3 points

• 10-Year TIPS Spread 1.52% unch.
• 19.8% chance of Fed rate hike at Nov. 2 meeting, 35.7% chance at Dec. 14 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -209 open in Japan 
• China A50 Futures: Indicating +25 open in China

• DAX Futures: Indicating -5 open in Germany

Portfolio: 

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

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

• Market Exposure: Moved to 75% Net Long