Weekly Scoreboard*

Indices

• S&P 500 2,136.30 -.77%

• DJIA 18,164.40 -.33%

• NASDAQ 5,218.42 -1.33%

• Russell 2000 1,213.93 -1.79%

• S&P 500 High Beta 32.25 -2.45%

• Goldman 50 Most Shorted 114.05 -2.87%

• Wilshire 5000 22,083.70 -1.23%

• Russell 1000 Growth 1,029.98 -.73%

• Russell 1000 Value 1,025.16 -.86%

• S&P 500 Consumer Staples 538.15 +.25%

• Vanda Cyclicals-Defensives 1.2055 -2.44%
  

• Morgan Stanley Technology 1,180.01 -1.99%

• Transports 8,053.54 +.07%

• Utilities 651.85 +1.52%

• Bloomberg European Bank/Financial Services 76.91 +2.03%

• MSCI Emerging Markets 36.90 -2.05%

• HFRX Equity Hedge 1,142.74 -.64%

• HFRX Equity Market Neutral 995.39 -.58%

Sentiment/Internals

• NYSE Cumulative A/D Line 267,648 -1.11%

• Bloomberg New Highs-Lows Index -194 -271

• Bloomberg Crude Oil % Bulls 13.16 -47.36%

• CFTC Oil Net Speculative Position 362,976 n/a

• CFTC Oil Total Open Interest 1,871,665 n/a

• Total Put/Call .88 -27.97%

• OEX Put/Call 1.09 -41.08%

• ISE Sentiment 83.0 +25.0%

• NYSE Arms 1.14 +16.5%

• Volatility(VIX) 16.02 +24.14%

• S&P 500 Implied Correlation 48.24 +16.4%

• G7 Currency Volatility (VXY) 9.77 -.71%

• Emerging Markets Currency Volatility (EM-VXY) 10.18 -.2%

• Smart Money Flow Index 19,158.53 -.62%

• ICI Money Mkt Mutual Fund Assets $2.649 Trillion -.23%

• ICI US Equity Weekly Net New Cash Flow -$7.549 Billion

• AAII % Bulls 25.5 -11.5%

• AAII % Bears 33.7 +20.9%

Futures Spot Prices

• CRB Index 189.47 +.33%

• Crude Oil 50.37 +1.39%

• Reformulated Gasoline 149.69 +.93%

• Natural Gas 3.28 +3.4%

• Heating Oil 156.92 -.64%

• Gold 1,254.30 -.25%

• Bloomberg Base Metals Index 152.23 -1.31%

• Copper 210.75 -2.72%

• US No. 1 Heavy Melt Scrap Steel 191.67 USD/Ton -.52%

• China Iron Ore Spot 57.28 USD/Ton +2.54%

• Lumber 323.70 -5.11%

• UBS-Bloomberg Agriculture 1,177.86 +1.74%

Economy

• Atlanta Fed GDPNow Forecast +1.9% -20.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +8.8% +10.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index -.0699 +9.22%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 128.39 +.14%

• Citi US Economic Surprise Index -7.6 -5.6 points

• Citi Eurozone Economic Surprise Index 22.5 +9.3 points

• Citi Emerging Markets Economic Surprise Index -18.90 -7.3 points

• Fed Fund Futures imply 82.9% chance of no change, 17.1% chance of 25 basis point hike on 11/02

• US Dollar Index 97.93 +1.49%
• MSCI Emerging Markets Currency Index 1,534.28 -.97%

• Euro/Yen Carry Return Index 119.49 -.81%

• Yield Curve 96.0 +7.0 basis points

• 10-Year US Treasury Yield 1.79% +7.0 basis points

• Federal Reserve's Balance Sheet $4.418 Trillion -.03%

• U.S. Sovereign Debt Credit Default Swap 26.50 -.67%

• Illinois Municipal Debt Credit Default Swap 360.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 20.67 -5.35%

• Asia Pacific Sovereign Debt Credit Default Swap Index 34.15 +3.86%
  

• Emerging Markets Sovereign Debt CDS Index 93.26 +2.90%
  

• Israel Sovereign Debt Credit Default Swap 71.50 +1.55%

• Iraq Sovereign Debt Credit Default Swap 745.1 -.01%

• Russia Sovereign Debt Credit Default Swap 234.43 +5.48%

• iBoxx Offshore RMB China Corporate High Yield Index 132.30 +.05%

• 10-Year TIPS Spread 1.68% +4.0 basis points
  

• TED Spread 59.75 +4.25 basis points

• 2-Year Swap Spread 22.0 -1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -44.25 -4.25 basis points

• N. America Investment Grade Credit Default Swap Index 75.27 +1.76%

• America Energy Sector High-Yield Credit Default Swap Index 604.0 -1.59%

• European Financial Sector Credit Default Swap Index 99.15 -.05%
  

• Emerging Markets Credit Default Swap Index 235.65 -.10%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 140.0 unch.
  

• M1 Money Supply $3.374 Trillion +2.1%

• Commercial Paper Outstanding 902.90 -1.5%

• 4-Week Moving Average of Jobless Claims 249,250 -4,250

• Continuing Claims Unemployment Rate 1.5% unch.

• Average 30-Year Mortgage Rate 3.47% +5.0 basis points

• Weekly Mortgage Applications 509.60 -6.01%

• Bloomberg Consumer Comfort 42.1 +.7 point

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

• Nationwide Gas $2.25/gallon -.01/gallon

• Baltic Dry Index 885.0 -3.9%

• China (Export) Containerized Freight Index 741.81 n/a

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 37.50 +36.6%

• Rail Freight Carloads 257,624 -5.29%

Best Performing Style

• Large-Cap Growth -.7%

Worst Performing Style

• Small-Cap Growth -2.4%

Leading Sectors

• Hospitals +3.4%

• Airlines +2.8%

• REITs +1.6%

• Utilities +1.5%

• Telecom +1.4%

Lagging Sectors

• Computer Hardware -3.9% 

• Oil Tankers -4.7%

• Coal -5.4%

• Biotech -5.9%

• Disk Drives -6.4%

Weekly High-Volume Stock Gainers (4)

• LWAY, PRMW, HAWK and LNN

Weekly High-Volume Stock Losers (15)

• HON, CIR, BMY, PPG, FAST, HVT, FTNT, EFII, MG, CUB, VAC, HEES, AA, CVTI and ILMN

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Higher into Afternoon on Central Bank Hopes, Less European Debt Angst, Yen Weakness, Telecom/Financial Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Slightly Higher
  

• Sector Performance: Mixed
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 16.16 -3.3%

• Euro/Yen Carry Return Index 119.38 -.31%

• Emerging Markets Currency Volatility(VXY) 10.18 -1.64%

• S&P 500 Implied Correlation 49.12 +.14%

• ISE Sentiment Index 83.0 +27.69%
  

• Total Put/Call .83 -16.16%

• NYSE Arms 1.15 +26.68% 

Credit Investor Angst:

• North American Investment Grade CDS Index 75.48 -.47%
  

• America Energy Sector High-Yield CDS Index 599.0 -.44%

• European Financial Sector CDS Index 98.60 -2.27%

• Western Europe Sovereign Debt CDS Index 20.67 -1.38%

• Asia Pacific Sovereign Debt CDS Index 34.14 -1.14%

• Emerging Market CDS Index 241.90 +2.14%
  

• iBoxx Offshore RMB China Corporate High Yield Index 132.30 -.05%

• 2-Year Swap Spread 22.0 -1.0 basis point

• TED Spread 59.75 +6.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -44.0 -1.25 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.20 -.03%
• 3-Month T-Bill Yield .28% unch.

• Yield Curve 94.0 +4.0 basis points
  

• China Import Iron Ore Spot $57.28/Metric Tonne +1.08%

• Citi US Economic Surprise Index -7.60 -1.0 point

• Citi Eurozone Economic Surprise Index 22.5 -.1 point

• Citi Emerging Markets Economic Surprise Index -18.90 -1.2 points

• 10-Year TIPS Spread 1.64% -1.0 basis point
• 65.2% chance of Fed rate hike at Dec. 14 meeting, 68.0% chance at Feb. 1 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +39 open in Japan 
• China A50 Futures: Indicating +38 open in China

• DAX Futures: Indicating -3 open in Germany

Portfolio: 

• Slightly Higher: On gains in my tech sector longs

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

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Growth -.3%

Sector Underperformers:

• 1) Coal -4.0% 2) Gold & Silver -1.9% 3) Biotech -1.3%

Stocks Falling on Unusual Volume: 

• MELI, NHTC, SYT, INFY, HSIC, BLUE, HAE, SAM, ZYNE, ACIA, CBSH, NXST, KSS, ATHN, SUPN, MNST, EVH, ULTA, FLR, TWLO, MGNX, MDSO, SRG, LJPC and MYCC

Stocks With Unusual Put Option Activity:

• 1) CIEN 2) XHB 3) XRT 4) DKS 5) JNPR

Stocks With Most Negative News Mentions:

• 1) BLUE 2) URI 3) ROLL 4) RCL 5) DV

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Growth +.1%

Sector Outperformers:

• 1) Semis +1.0% 2) Telecom +.7% 3) Foods +.6%

Stocks Rising on Unusual Volume:

• REN

Stocks With Unusual Call Option Activity:

• 1) SHPG 2) SLCA 3) RAD 4) CVS 5) HAIN

Stocks With Most Positive News Mentions:

• 1) TEX 2) AMD 3) LVLT 4) CAG 5) TASR

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -9.6% Below 100-Day Average
• 8 Sectors Rising, 2 Sectors Declining
• 59.3% of Issues Advancing, 37.9% Declining
• 44 New 52-Week Highs, 11 New Lows
• 55.5% of Issues Above 200-day Moving Average
• Average 14-Day RSI 36.9%
• Vix 15.5 -7.3%
• Total Put/Call .74 -25.3%
• TRIN/Arms 1.21 +34.2%