Weekly Scorebard*

Indices

• S&P 500 2,382.93 +.49%

• DJIA 20,994.26 +.73%

• NASDAQ 5,864.63 +.17%

• Russell 2000 1,393.29 -.32%

• S&P 500 High Beta 38.10 +.93%

• Goldman 50 Most Shorted 122.12 +1.07%

• Wilshire 5000 24,694.10 +.33%

• Russell 1000 Growth 1,140.4 +.35%

• Russell 1000 Value 1,153.75 +.50%

• S&P 500 Consumer Staples 565.31 -.60%

• Vanda Cyclicals-Defensives 1.296 -.29%
  

• Morgan Stanley Technology 1,348.18 -.78%

• Transports 9,477.35 +.43%

• Utilities 698.04 -.46%

• Bloomberg European Bank/Financial Services 95.52 +4.06%

• MSCI Emerging Markets 38.11 -1.44%

• HFRX Equity Hedge 1,187.75 +.81%

• HFRX Equity Market Neutral 1,000.10 +.56%

Sentiment/Internals

• NYSE Cumulative A/D Line 283,091 -.21%

• Bloomberg New Highs-Lows Index 304 -360

• Bloomberg Crude Oil % Bulls 23.08 -45.19%

• CFTC Oil Net Speculative Position 556,607 +9.47%

• CFTC Oil Total Open Interest 2,103,278 -3.69%

• Total Put/Call .93 unch.

• OEX Put/Call 1.89 +23.71%

• ISE Sentiment 89.0 -19.75%

• NYSE Arms .69 -58.82%

• Volatility(VIX) 11.12 -1.92%

• S&P 500 Implied Correlation 44.49 -3.19%

• G7 Currency Volatility (VXY) 9.72 +.21%

• Emerging Markets Currency Volatility (EM-VXY) 9.58 -2.04%

• Smart Money Flow Index 19,832.55 -.02%

• ICI Money Mkt Mutual Fund Assets $2.678 Trillion -.07%

• ICI US Equity Weekly Net New Cash Flow $.807 Billion

• AAII % Bulls 37.9 -1.4%

• AAII % Bears 35.6 +10.2%

Futures Spot Prices

• CRB Index 189.72 -.94%

• Crude Oil 53.26 -1.61%

• Reformulated Gasoline 165.09 -4.94%

• Natural Gas 2.82 +4.12%

• Heating Oil 159.35 -3.22%

• Gold 1,235.20 -2.59%

• Bloomberg Base Metals Index 180.11 +.76%

• Copper 270.35 +.62%

• US No. 1 Heavy Melt Scrap Steel 250.0 USD/Ton unch.

• China Iron Ore Spot 91.32 USD/Ton +.91%

• Lumber 371.40 +.44%

• UBS-Bloomberg Agriculture 1,181.15 +.52%

Economy

• Atlanta Fed GDPNow Forecast +1.8% -60.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +10.2% -30.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index .0393 +40.36%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 132.98 +.09%

• Citi US Economic Surprise Index 36.80 -8.1 points

• Citi Eurozone Economic Surprise Index 70.0 -.2 point

• Citi Emerging Markets Economic Surprise Index 53.30 +7.0 points

• Fed Fund Futures imply 6.0% chance of no change 94.0% chance of 25 basis point hike on 3/15

• US Dollar Index 107.79 +.77%
• MSCI Emerging Markets Currency Index 1,559.89 -.37%

• Euro/Yen Carry Return Index 126.26 +2.08%

• Yield Curve 119.0 +1.0 basis point

• 10-Year US Treasury Yield 2.50% +18.0 basis points

• Federal Reserve's Balance Sheet $4.420 Trillion -.23%

• U.S. Sovereign Debt Credit Default Swap 25.41 -.18%

• Illinois Municipal Debt Credit Default Swap 390.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 21.18 -7.23%

• Asia Pacific Sovereign Debt Credit Default Swap Index 26.52 +4.8%
  

• Emerging Markets Sovereign Debt CDS Index 65.84 -.51%
  

• Israel Sovereign Debt Credit Default Swap 64.30 -.94%

• Iraq Sovereign Debt Credit Default Swap 525.32 -12.64%

• Russia Sovereign Debt Credit Default Swap 164.48 -3.60%

• iBoxx Offshore RMB China Corporate High Yield Index 135.35 +.33%

• 10-Year TIPS Spread 2.04% +2.0 basis points
  

• TED Spread 44.0 -11.0 basis points

• 2-Year Swap Spread 34.0 -2.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -22.75 +5.0 basis points

• N. America Investment Grade Credit Default Swap Index 60.11 -3.41%

• America Energy Sector High-Yield Credit Default Swap Index 352.0 -1.38%

• European Financial Sector Credit Default Swap Index 85.90 -9.07%
  

• Emerging Markets Credit Default Swap Index 209.57 -5.61%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 142.50 +2.5 basis points
  

• M1 Money Supply $3.398 Trillion +1.0%

• Commercial Paper Outstanding 971.3 +.4%

• 4-Week Moving Average of Jobless Claims 234,250 -6,750

• Continuing Claims Unemployment Rate 1.5% unch.

• Average 30-Year Mortgage Rate 4.10% -6.0 basis points

• Weekly Mortgage Applications 392.90 +5.76%

• Bloomberg Consumer Comfort 49.80 +1.8 points

• Weekly Retail Sales +1.0% +10.0 basis points

• Nationwide Gas $2.32/gallon +.03/gallon

• Baltic Dry Index 904.0 +3.31%

• China (Export) Containerized Freight Index 794.99 -2.51%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 30.0 -7.69%

• Rail Freight Carloads 264,695 -1.05%

Best Performing Style

• Large-Cap Value +.5%

Worst Performing Style

• Small-Cap Value -.8%

Leading Sectors

• Biotechy +3.8%

• Homebuilders +2.9%

• Construction +2.5%

• HMOs +2.1%

• Gaming +2.0%

Lagging Sectors

• Alt Energy -2.1% 

• Retail -2.2%

• Telecom -2.3%

• Coal -2.5%

• Gold & Silver -9.3%

Weekly High-Volume Stock Gainers (65)

• LJPC, WTW, KITE, KPTI, NTRI, AAOI, OLED, DY, BLDR, IBP, BID, IONS, SBY, GCP, LXU, OMED, AWI, ITCI, GOGO, FIX, TTD, HSII, USCR, ANF, BLD, TPC, AJRD, VRTU, ACIW, PCRX, NKTR, BWXT, FNGN, SPKE, ALB, AIRM, SCL, BURL, AMWD, SP, INCY, SPXC, JBT, SRPT, SSP, TCMD, MNST, WK, CBPX, EBIX, WNEB, WLH, AKRX, DERM, GKOS, WAGE, TRCO, NUS, INGN, BMCH, RP, MEI, TVTY, HEI/A and AMED

Weekly High-Volume Stock Losers (47)

• BNFT, PBYI, ARII, ABCB, HZNP, ECPG, EXXI, EVHC, SEMG, HPE, KBR, DGI, NNI, GEF, THC, SIG, DRQ, CSU, BGS, TASR, ITRI, MGRC, PMC, TGT, ANIP, XOXO, XPER, MGLN, APEI, ETSY, PRAA, DFIN, SSTK, AFSI, USM, MEDP, AHP, TDS, PTCT, INCR, LBY, OME, ZOES, PANW, FRGI, ESND and BW

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Slightly Higher into Afternoon on Economic Optimism, Less Fed Uncertainty, Oil Gains, Metals&Mining/Transport Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Modestly Lower
  

• Sector Performance: Mixed
  

• Volume: Below Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 11.32 -4.15%

• Euro/Yen Carry Return Index 126.35 +.65%

• Emerging Markets Currency Volatility(VXY) 9.76 +1.04%

• S&P 500 Implied Correlation 44.47 -2.63%

• ISE Sentiment Index 76.0 -11.63%
  

• Total Put/Call .94 -7.84%

• NYSE Arms .59 -23.75%

Credit Investor Angst:

• North American Investment Grade CDS Index 60.12 -.69%
  

• America Energy Sector High-Yield CDS Index 352.0 +.88%

• European Financial Sector CDS Index 85.83 -.80%

• Western Europe Sovereign Debt CDS Index 21.17 -5.02%

• Asia Pacific Sovereign Debt CDS Index 26.51 +.80%

• Emerging Market CDS Index 208.79 -1.98%
  

• iBoxx Offshore RMB China Corporate High Yield Index 135.35 +.02%

• 2-Year Swap Spread 34.0 +.25 basis point

• TED Spread 43.50 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -22.75 +3.0 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 71.17 +.45%

• 3-Month T-Bill Yield .70% +4.0 basis points

• Yield Curve 119.0 +2.0 basis points
  

• China Import Iron Ore Spot $91.32/Metric Tonne -1.13%

• Citi US Economic Surprise Index 36.80 +1.4 points

• Citi Eurozone Economic Surprise Index 70.0 +1.4 points

• Citi Emerging Markets Economic Surprise Index 53.30 +1.7 points

• 10-Year TIPS Spread 2.04 +1.0 basis point

• 96.4% chance of Fed rate hike at May 3 meeting, 98.1% chance at June 14 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +65 open in Japan 

• China A50 Futures: Indicating +34 open in China

• DAX Futures: Indicating +2 open in Germany

Portfolio: 

• Slightly Lower: On losses in my in my retail sector longs and emerging markets shorts

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

• Market Exposure: Moved to 100% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -.4%

Sector Underperformers:

• 1) Retail -1.3% 2) REITs -1.0% 3) Gold & Silver -.5%

Stocks Falling on Unusual Volume: 

• NTNX, HMSY, AMD, AI, FOSL, ACIW, ANF, SHAK, CVA, REN and KPTI

Stocks With Unusual Put Option Activity:

• 1) EXEL 2) EPI 3) ADSK 4) MYL 5) XLU

Stocks With Most Negative News Mentions:

• 1) IMMR 2) NTNX 3) FOSL 4) KR 5) TRK

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value unch.

Sector Outperformers:

• 1) Hospitals +2.9% 2) Airlines +1.8% 3) Steel +.6%

Stocks Rising on Unusual Volume:

• VTTI, HABT, BIG, CTMX, TLK, BGNE, GWRE, AAOI, BITA, LGND, DGLD, TEDU, LXRX, TPX, GEF, XBIT, YRD, JOE, ESPR, BURL, AKRX, MU, GCP, DERM, IONS, THC, SRPT, SUPN, CARA and BIG

Stocks With Unusual Call Option Activity:

• 1) AEO 2) EEM 3) SMH 4) COST 5) KSU

Stocks With Most Positive News Mentions:

• 1) MU 2) MRVL 3) SWN 4) BURL 5) NOV

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -14.0% Below 100-Day Average
• 6 Sectors Rising, 4 Sectors Declining
• 39.4% of Issues Advancing, 56.6% Declining
• 27 New 52-Week Highs, 20 New Lows
• 60.9% of Issues Above 200-day Moving Average
• Average 14-Day RSI 40.6%
• Vix 11.4 -3.6%
• Total Put/Call .78 -23.5%
• TRIN/Arms .72 -6.1%