Weekly Scoreboard*

Indices

• S&P 500 2,255.18 +2.88%

• DJIA 19,734.90 +2.74%

• NASDAQ 5,439.0 +3.36%

• Russell 2000 1,385.57 +5.41%

• S&P 500 High Beta 38.07 +4.35%

• Goldman 50 Most Shorted 124.92 +4.16%

• Wilshire 5000 23,514.15 +3.09%

• Russell 1000 Growth 1,062.21 +2.80%

• Russell 1000 Value 1,111.89 +3.06%

• S&P 500 Consumer Staples 530.86 +2.61%

• Vanda Cyclicals-Defensives 1.3046 -.69%
  

• Morgan Stanley Technology 1,228.17 +3.67%

• Transports 9,404.20 +3.85%

• Utilities 643.77 +1.64%

• Bloomberg European Bank/Financial Services 93.27 +9.51%

• MSCI Emerging Markets 36.10 +2.53%

• HFRX Equity Hedge 1,160.34 +.60%

• HFRX Equity Market Neutral 997.01 -.10%

Sentiment/Internals

• NYSE Cumulative A/D Line 273,714 +1.94%

• Bloomberg New Highs-Lows Index 1,359 +1,119

• Bloomberg Crude Oil % Bulls 18.75 -66.8%

• CFTC Oil Net Speculative Position 287,881 +4.18%

• CFTC Oil Total Open Interest 2,020,026 +1.23%

• Total Put/Call .81 -11.96%

• OEX Put/Call 1.11 -8.26%

• ISE Sentiment 85.0 +13.41%

• NYSE Arms .76 -20.0%

• Volatility(VIX) 11.86 -16.15%

• S&P 500 Implied Correlation 48.48 -8.66%

• G7 Currency Volatility (VXY) 10.53 -1.31%

• Emerging Markets Currency Volatility (EM-VXY) 11.18 +2.1%

• Smart Money Flow Index 19,482.20 +1.80%

• ICI Money Mkt Mutual Fund Assets $2.736 Trillion +.62%

• ICI US Equity Weekly Net New Cash Flow +$1.207 Billion

• AAII % Bulls 43.1 -1.5%

• AAII % Bears 26.5 +5.5%

Futures Spot Prices

• CRB Index 191.73 -.22%

• Crude Oil 51.41 -.56%

• Reformulated Gasoline 151.14 -3.19%

• Natural Gas 3.73 +6.14%

• Heating Oil 163.53 -1.45%

• Gold 1,161.60 -1.42%

• Bloomberg Base Metals Index 176.18 +1.47%

• Copper 264.80 +.76%

• US No. 1 Heavy Melt Scrap Steel 207.0 USD/Ton unch.

• China Iron Ore Spot 81.66 USD/Ton +4.97%

• Lumber 317.30 -5.79%

• UBS-Bloomberg Agriculture 1,144.68 +.4%

Economy

• Atlanta Fed GDPNow Forecast +2.6% -30.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +9.7% +140.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.0587 +16.74%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 130.52 +.18%

• Citi US Economic Surprise Index 30.20 +5.5 points

• Citi Eurozone Economic Surprise Index 62.60 +1.2 points

• Citi Emerging Markets Economic Surprise Index 2.9 +1.4 points

• Fed Fund Futures imply 0.0% chance of no change 100.0% chance of 25 basis point hike on 12/14

• US Dollar Index 101.66 +.97%
• MSCI Emerging Markets Currency Index 1,515.77 +.92%

• Euro/Yen Carry Return Index 126.94 +.39%

• Yield Curve 134.0 +6.0 basis points

• 10-Year US Treasury Yield 2.46% +7.0 basis points

• Federal Reserve's Balance Sheet $4.410 Trillion +.07%

• U.S. Sovereign Debt Credit Default Swap 27.65 -7.8%

• Illinois Municipal Debt Credit Default Swap 358.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 23.94 +3.26%

• Asia Pacific Sovereign Debt Credit Default Swap Index 35.93 -13.38%
  

• Emerging Markets Sovereign Debt CDS Index 90.90 -8.59%
  

• Israel Sovereign Debt Credit Default Swap 67.0 0-2.9%

• Iraq Sovereign Debt Credit Default Swap 760.05 unch.

• Russia Sovereign Debt Credit Default Swap 202.26 -7.6%

• iBoxx Offshore RMB China Corporate High Yield Index 133.03 +.03%

• 10-Year TIPS Spread 2.0% +5.0 basis points
  

• TED Spread 42.50 -4.5 basis points

• 2-Year Swap Spread 22.75 +2.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -54.25 +7.0 basis points

• N. America Investment Grade Credit Default Swap Index 68.02 -6.66%

• America Energy Sector High-Yield Credit Default Swap Index 461.0 -15.94%

• European Financial Sector Credit Default Swap Index 98.18 -6.86%
  

• Emerging Markets Credit Default Swap Index 249.67 -8.24%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 135.0 unch.
  

• M1 Money Supply $3.362 Trillion -1.22%

• Commercial Paper Outstanding 935.70 +1.30%

• 4-Week Moving Average of Jobless Claims 251,500 +500

• Continuing Claims Unemployment Rate 1.4% -10.0 basis points

• Average 30-Year Mortgage Rate 4.13% +5.0 basis points

• Weekly Mortgage Applications 414.10 -.74%

• Bloomberg Consumer Comfort 45.1 +.2 point

• Weekly Retail Sales +.7% -50.0 basis points

• Nationwide Gas $2.20/gallon +.04/gallon

• Baltic Dry Index 1,122.0 -6.34%

• China (Export) Containerized Freight Index 766.15 -1.02%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 42.50 +6.25%

• Rail Freight Carloads 278,801 +25.1%

Best Performing Style

• Small-Cap Value +5.8%

Worst Performing Style

• Large-Cap Growth +2.8%

Leading Sectors

• Airlines +7.1%

• Homebuilding +6.4%

• Alt Energy +6.3%

• Tobacco +6.0%

• Semis +5.1%

Lagging Sectors

• Coal +.6% 

• Biotech -.3%

• HMOs -1.5%

• Gold & Silver -2.3%

• Gaming -5.8%

Weekly High-Volume Stock Gainers (30)

• FRAN, TLRD, PI, XXIA, BOBE, P, VBTX, GIII, CIEN, PLAY, IL, FCE/A, CONN, VYGR, FRP, ZG, PVTB, TER, KLXI, NBHC, CIA, GMED, MCRN, Z, BKFS, IBKC, PRSC, FET, UNVR and HMST

Weekly High-Volume Stock Losers (18)

• COUP, VRNT, ALR, OMCL, VRA, UHS, AMBA, ALOG, POWL, REI, OXM, NH, WDAY, SM, FTK, SNCR, AGIO and HZNP

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Higher into Final Hour on US Economic Optimism, Yen Weakness, Oil Gain, Drug/Gaming Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Slightly Higher
  

• Sector Performance: Mixed
  

• Volume: Slightly Above Average

• Market Leading Stocks: Underperforming
  

Equity Investor Angst:

• Volatility(VIX) 11.74 -7.12%

• Euro/Yen Carry Return Index 126.94 +.40%

• Emerging Markets Currency Volatility(VXY) 11.18 +1.64%

• S&P 500 Implied Correlation 48.53 +.91%

• ISE Sentiment Index 93.0 -27.91%
  

• Total Put/Call .83 +13.70%

• NYSE Arms .83 -8.77%

Credit Investor Angst:

• North American Investment Grade CDS Index 67.92 -1.03%
  

• America Energy Sector High-Yield CDS Index 461.0 -1.21%

• European Financial Sector CDS Index 98.40 +1.67%

• Western Europe Sovereign Debt CDS Index 23.94 +3.35%

• Asia Pacific Sovereign Debt CDS Index 35.93 -.54%

• Emerging Market CDS Index 249.66 +.08%
  

• iBoxx Offshore RMB China Corporate High Yield Index 133.03 +.03%

• 2-Year Swap Spread 23.0 unch.

• TED Spread 42.5 -2.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -54.50 -4.5 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 69.82 -.35%
• 3-Month T-Bill Yield .53% +3.0 basis points

• Yield Curve 134.0 +5.0 basis points
  

• China Import Iron Ore Spot $81.66/Metric Tonne -.15%

• Citi US Economic Surprise Index 30.20 +.7 point

• Citi Eurozone Economic Surprise Index 62.60 -2.0 basis points

• Citi Emerging Markets Economic Surprise Index 2.90 -4.4 points

• 10-Year TIPS Spread 2.0% unch.
• 100.0% chance of Fed rate hike at Feb. 1 meeting, 100.0% chance at March 15 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +238 open in Japan 
• China A50 Futures: Indicating +23 open in China

• DAX Futures: Indicating +11 open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 50% Net Long