Weekly Scoreboard*

Indices

• S&P 500 2,181.17 +.34%

• DJIA 18,512.70 +.43%

• NASDAQ 5,219.51 +1.09%

• Russell 2000 1,231.68 +.97%

• S&P 500 High Beta 31.57 +1.19%

• Goldman 50 Most Shorted 118.12 +3.13% 

• Wilshire 5000 22,522.50 +.27%

• Russell 1000 Growth 1,056.26 +.43%

• Russell 1000 Value 1,041.06 +.18%

• S&P 500 Consumer Staples 558.31 -.34%

• Solactive US Cyclical 140.66 +.11%

• Morgan Stanley Technology 1,158.85 +1.32%

• Transports 7,863.40 +.13%

• Utilities 691.04 -2.90%

• Bloomberg European Bank/Financial Services 71.56 -.27%

• MSCI Emerging Markets 36.37 +1.24%

• HFRX Equity Hedge 1,128.66 -.10%

• HFRX Equity Market Neutral 1,001.39 +.35%

Sentiment/Internals

• NYSE Cumulative A/D Line 266,059 unch.

• Bloomberg New Highs-Lows Index 146 -128

• Bloomberg Crude Oil % Bulls 48.65 +143.25%

• CFTC Oil Net Speculative Position 273,299 -5.62%

• CFTC Oil Total Open Interest 1,718,306 +1.97%

• Total Put/Call .96 -18.33%

• OEX Put/Call .82 -82.99%

• ISE Sentiment 155.0 +102.56%

• NYSE Arms 1.13 +2.97%

• Volatility(VIX) 11.36 -4.3%

• S&P 500 Implied Correlation 43.43 -8.34%

• G7 Currency Volatility (VXY) 9.46 -.73%

• Emerging Markets Currency Volatility (EM-VXY) 9.48 +.53%

• Smart Money Flow Index 19,594.59 +.14%

• ICI Money Mkt Mutual Fund Assets $2.739 Trillion +.89%

• ICI US Equity Weekly Net New Cash Flow -$8.225 Billion

• AAII % Bulls 29.8 -4.7%

• AAII % Bears 26.8 -5.8%

Futures Spot Prices

• CRB Index 181.42 +.1%

• Crude Oil 41.60 +.39%

• Reformulated Gasoline 137.01 +4.46%

• Natural Gas 2.78 -2.69%

• Heating Oil 131.19 +2.59%

• Gold 1,338.90 -.8%

• Bloomberg Base Metals Index 151.06 -.03%

• Copper 215.80 -3.39%

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

• China Iron Ore Spot 60.74 USD/Ton +2.31%

• Lumber 322.40 +1.42%

• UBS-Bloomberg Agriculture 1,145.30 -.08%

Economy

• Atlanta Fed GDPNow Forecast +3.8% +200.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +8.2% +20.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index .1088 -6.13%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 126.62 +.06%

• Citi US Economic Surprise Index 20.9 +4.6 points

• Citi Eurozone Economic Surprise Index 28.2 -.1 point

• Citi Emerging Markets Economic Surprise Index .1 +6.5 points

• Fed Fund Futures imply 74.0% chance of no change, 26.0% chance of 25 basis point hike on 9/21

• US Dollar Index 96.15 +.8%
• MSCI Emerging Markets Currency Index 1,538.34 +.34%

• Euro/Yen Carry Return Index 117.94 -1.12%

• Yield Curve 86.0 +6.0 basis points

• 10-Year US Treasury Yield 1.57% +10.0 basis points

• Federal Reserve's Balance Sheet $4.427 Trillion +.05%

• U.S. Sovereign Debt Credit Default Swap 19.12 +3.25%

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

• Western Europe Sovereign Debt Credit Default Swap Index 24.61 -2.72%

• Asia Pacific Sovereign Debt Credit Default Swap Index 46.04 -2.09%
  

• Emerging Markets Sovereign Debt CDS Index 119.35 -3.28%
  

• Israel Sovereign Debt Credit Default Swap 77.62 +2.81%

• Iraq Sovereign Debt Credit Default Swap 882.81 unch.

• Russia Sovereign Debt Credit Default Swap 222.06 -7.29%

• iBoxx Offshore RMB China Corporate High Yield Index 131.44 +.08%

• 10-Year TIPS Spread 1.51% unch.
  

• TED Spread 52.0 unch.

• 2-Year Swap Spread 26.25 +4.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -43.75 +3.0 basis points

• N. America Investment Grade Credit Default Swap Index 71.39 -3.63%

• America Energy Sector High-Yield Credit Default Swap Index 750.0 -6.37%

• European Financial Sector Credit Default Swap Index 88.91 -4.88%
  

• Emerging Markets Credit Default Swap Index 252.38 -3.02%
  

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

• M1 Money Supply $3.244 Trillion +.18%

• Commercial Paper Outstanding 1,022.40 -.4%

• 4-Week Moving Average of Jobless Claims 260,250 +3,750

• Continuing Claims Unemployment Rate 1.6% unch.

• Average 30-Year Mortgage Rate 3.43% -5.0 basis points

• Weekly Mortgage Applications 526.80 -3.48%

• Bloomberg Consumer Comfort 43.0 +.1 point

• Weekly Retail Sales +.5% -10.0 basis points

• Nationwide Gas $2.12/gallon -.02/gallon

• Baltic Dry Index 636.0 -3.04%

• China (Export) Containerized Freight Index 702.25 -.34%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50-10.0%

• Rail Freight Carloads 262,561 -1.41%

Best Performing Style

• Small-Cap Growth +.%

Worst Performing Style

• Large-Cap Value -.%

Leading Sectors

• Defense +3.2%

• Biotech +3.1%

• Banks +2.7%

• Networking +2.2%

• I-Banks +2.0%

Lagging Sectors

• REITs -1.8% 

• Utilities -2.4%

• Oil Tankers -2.5%

• Computer Hardware -2.8%

• Hospitals -4.1%

Weekly High-Volume Stock Gainers (38)

• ADXS, ETSY, ININ, IONS, YRCW, NSM, BGFV, TREX, CARB, MNK, HAE, IDXX, BCOV, XTLY, NLS, AVD, FIT, HRTX, PRAH, VECO, FICO, VCRA, RDUS, CSII, BEAT, CGNX, GPX, TDC, NPO, PAYC, HWAY, BIO, RCII, NYRT, TTMI, GDDY, FDP and HLS

Weekly High-Volume Stock Losers (43)

• KAR, KR, BFAM, GPN, MCY, RSO, VSI, GNRC, MCRN, VNTV, SABR, TIS, FSLR, VMC, ANGO, HIG, TCBK, KFRC, LPNT, AMSF, COLM, TXRH, G, CALD, THC, OFIX, CNO, ENSG, CCRN, CCOI, ELGX, CSU, NSP, QRVO, IDTI, AAWW, SRCL, MGPI, KATE, MDCA, ITGR, CRAY and CHEF

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Final Hour on Diminished Global Growth Fears, Yen Weakness, Short-Covering, Financial/Defense Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Slightly Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 11.35 -8.62%

• Euro/Yen Carry Return Index 117.92 +.22%

• Emerging Markets Currency Volatility(VXY) 9.48 -1.35%

• S&P 500 Implied Correlation 43.44 -6.64%

• ISE Sentiment Index 154.0 +49.51%
  

• Total Put/Call .96 +6.67%

• NYSE Arms 1.08 +3.42% 

Credit Investor Angst:

• North American Investment Grade CDS Index 71.28 -2.63%
  

• America Energy Sector High-Yield CDS Index 749.0 -3.0%

• European Financial Sector CDS Index 87.71 -4.61%

• Western Europe Sovereign Debt CDS Index 24.68 +3.09%

• Asia Pacific Sovereign Debt CDS Index 45.67 -2.03%

• Emerging Market CDS Index 253.16 -1.17%
  

• iBoxx Offshore RMB China Corporate High Yield Index 131.434 -.03%

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

• TED Spread 52.0 +1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -43.75 +1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.69 +.18%
• 3-Month T-Bill Yield .26% unch.

• Yield Curve 87.0 +1.5 basis points

• China Import Iron Ore Spot $60.74/Metric Tonne +2.31%

• Citi US Economic Surprise Index 20.90 +3.1 points

• Citi Eurozone Economic Surprise Index 28.2 -3.5 points

• Citi Emerging Markets Economic Surprise Index .1 +1.8 points

• 10-Year TIPS Spread 1.51% +4.0 basis points
• 27.6% chance of Fed rate hike at Nov. 2 meeting, 46.3% chance at Dec. 14 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +191 open in Japan 
• China A50 Futures: Indicating +22 open in China

• DAX Futures: Indicating -13 open in Germany

Portfolio: 

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

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, then added them back

• Market Exposure: 50% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +.5%

Sector Underperformers:

• 1) Gold & Silver -2.8% 2) Utilities -1.1% 3) Drugs -.8%

Stocks Falling on Unusual Volume: 

• SAEX, CPSI, BMY, DMRC, ECPG, QVCA, OLED, SWIR, NVO, FEYE, ECOM, AHS, HSNI, ERI, WEB, ZG, LGND, FTD, WTW, IBP, SHEN, CNP, WLTW, USCR, STON, SQ, USCR, BLDR, Z, ATRC and SHEN

Stocks With Unusual Put Option Activity:

• 1) EWY 2) Z 3) PAY 4) ODP 5) CTSH

Stocks With Most Negative News Mentions:

• 1) CPS 2) FEYE 3) OLED 4) MACK 5) FTD

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +1.6%

Sector Outperformers:

• 1) Banks +2.7% 2) Defense +2.2% 3) Disk Drives +2.1%

Stocks Rising on Unusual Volume:

• MRK, FRPT, RAX, ESL, AAOI, MTZ, LOCO, INOV, WING, ACXM, GDDY, UBNT, NUS, XPO, CLVS, RAX, WMC, KND, PWR, SYMC, EOG and PCLN

Stocks With Unusual Call Option Activity:

• 1) RTRX 2) BMY 3) PPL 4) BLL 5) MRK

Stocks With Most Positive News Mentions:

• 1) MSI 2) KHC 3) FRPT 4) PCLN 5) SYMC

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +9.1% Above 100-Day Average
• 5 Sectors Rising, 5 Sectors Declining
• 67.2% of Issues Advancing, 29.8% Declining
• 130 New 52-Week Highs, 2 New Lows
• 59.5% of Issues Above 200-day Moving Average
• Average 14-Day RSI 41.9%
• Vix 11.6 -6.52%
• Total Put/Call .89 -1.1%
• TRIN/Arms 1.17 +11.9%