Weekly Scoreboard*

Indices

• S&P 500 2,382.85 +.49%

• DJIA 20,946.70 +.28%

• NASDAQ 5,907.14 +.83%

• Russell 2000 1,389.86 +1.81%

• S&P 500 High Beta 37.47 +.29%

• Goldman 50 Most Shorted 121.19 +1.36%

• Wilshire 5000 24,695.10 +.67%

• Russell 1000 Growth 1,147.06 +.68%

• Russell 1000 Value 1,147.02 +.46%

• S&P 500 Consumer Staples 568.71 +.82%

• Vanda Cyclicals-Defensives 1.3049 -.59%
  

• Morgan Stanley Technology 1,379.21 +1.72%

• Transports 9,148.0 -1.31%

• Utilities 699.24 +1.21%

• Bloomberg European Bank/Financial Services 96.60 -.03%

• MSCI Emerging Markets 39.51 +4.25%

• HFRX Equity Hedge 1,189.72 +.43%

• HFRX Equity Market Neutral 1,000.67 +.48%

Sentiment/Internals

• NYSE Cumulative A/D Line 281,326 +1.12%

• Bloomberg New Highs-Lows Index 712 +687

• Bloomberg Crude Oil % Bulls 58.97 +82.29%

• CFTC Oil Net Speculative Position 508,525 -3.18%

• CFTC Oil Total Open Interest 2,137,532 +.81%

• Total Put/Call .94 +8.05%

• OEX Put/Call 1.30 +225.0%

• ISE Sentiment 75.0 -76.47%

• NYSE Arms 1.43 +45.83%

• Volatility(VIX) 11.01 -6.43%

• S&P 500 Implied Correlation 44.13 -3.89%

• G7 Currency Volatility (VXY) 8.77 -7.29%

• Emerging Markets Currency Volatility (EM-VXY) 8.84 -6.16%

• Smart Money Flow Index 19,748.25 -.10%

• ICI Money Mkt Mutual Fund Assets $2.677 Trillion -.43%

• ICI US Equity Weekly Net New Cash Flow -$5.578 Billion

• AAII % Bulls 31.2 +3.9%

• AAII % Bears 38.7 -16.8%

Futures Spot Prices

• CRB Index 184.48 +1.02%

• Crude Oil 48.78 +.85%

• Reformulated Gasoline 159.89 -3.1%

• Natural Gas 2.94 -3.39%

• Heating Oil 150.90 +.23%

• Gold 1,229.40 +2.08%

• Bloomberg Base Metals Index 179.92 +2.62%

• Copper 269.45 +3.62%

• US No. 1 Heavy Melt Scrap Steel 277.0 USD/Ton +10.8%

• China Iron Ore Spot 92.61 USD/Ton +6.79%

• Lumber 362.40 +.25%

• UBS-Bloomberg Agriculture 1,140.66 -.21%

Economy

• Atlanta Fed GDPNow Forecast +.9% -30.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +9.6% +10.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.0966 +9.5%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 133.35 +.23%

• Citi US Economic Surprise Index 56.10 +8.1 points

• Citi Eurozone Economic Surprise Index 48.10 -9.8 points

• Citi Emerging Markets Economic Surprise Index 53.30 +1.8 points

• Fed Fund Futures imply 86.7% chance of no change 13.3% chance of 25 basis point hike on 5/3

• US Dollar Index 100.32 -1.03%
• MSCI Emerging Markets Currency Index 1,573.60 +1.38%

• Euro/Yen Carry Return Index 126.39 -1.24%

• Yield Curve 118.0 -4.0 basis points

• 10-Year US Treasury Yield 2.50% -8.0 basis points

• Federal Reserve's Balance Sheet $4.431 Trillion +.22%

• U.S. Sovereign Debt Credit Default Swap 25.55 -1.22%

• Illinois Municipal Debt Credit Default Swap 389.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 15.50 -11.07%

• Asia Pacific Sovereign Debt Credit Default Swap Index 25.44 -8.67%
  

• Emerging Markets Sovereign Debt CDS Index 61.57 -2.67%
  

• Israel Sovereign Debt Credit Default Swap 60.89 -3.87%

• Iraq Sovereign Debt Credit Default Swap 525.32 unch.

• Russia Sovereign Debt Credit Default Swap 166.05 -2.8%

• iBoxx Offshore RMB China Corporate High Yield Index 135.91 +.19%

• 10-Year TIPS Spread 2.02% +2.0 basis points
  

• TED Spread 42.25 +4.25 basis points

• 2-Year Swap Spread 33.75 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -19.75 +3.0 basis points

• N. America Investment Grade Credit Default Swap Index 61.47 -1.96%

• America Energy Sector High-Yield Credit Default Swap Index 380.0 -.42%

• European Financial Sector Credit Default Swap Index 85.10 -1.31%
  

• Emerging Markets Credit Default Swap Index 206.15 -4.89%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 141.50 unch.
  

• M1 Money Supply $3.381 Trillion -.51%

• Commercial Paper Outstanding 962.10 -.20%

• 4-Week Moving Average of Jobless Claims 237,250 +750

• Continuing Claims Unemployment Rate 1.5% unch.

• Average 30-Year Mortgage Rate 4.30% +9.0 basis points

• Weekly Mortgage Applications 418.10 +3.06%

• Bloomberg Consumer Comfort 51.0 +.4 point

• Weekly Retail Sales +1.10% +10.0 basis points

• Nationwide Gas $2.29/gallon -.01/gallon

• Baltic Dry Index 1,172.0 +7.91%

• China (Export) Containerized Freight Index 785.66 -.69%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.50 unch.

• Rail Freight Carloads 256,974 -.73%

Best Performing Style

•  Small-Cap Value +1.2%

Worst Performing Style

•  Large-Cap Value +.2%

Leading Sectors

• Steel +7.6%

• Gold & Silver +3.8%

• Oil Tankers +2.8%

• 3D Printing +2.6%

• Alt Energy +2.2%

Lagging Sectors

• Construction -.6% 

• Road & Rail -1.4%

• Banks -1.4%

• Hospitals -2.0%

• Biotech -2.2%

Weekly High-Volume Stock Gainers (19)

• PLSE, LCUT, MCRB, KCG, MGI, WLDN, KMG, ASMB, MYOK, FRPT, OFIX, SCWX, PGEM, COKE, VRTV, MYRG, CBF, IPAR and CTRE

Weekly High-Volume Stock Losers (11)

• SGRY, SBGI, UAL, GES, NCR, TWI, TSRO, COUP, ZUMZ, FTD and FNSR

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Modestly Higher into Afternoon on Less European/Emerging Markets/US High-Yield Debt Angst, Earnings Optimism, Technical Buying, Restaurant/Gaming Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Modestly Higher
  

• Sector Performance: Mixed
  

• Volume: Heavy

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 11.08 -4.55%

• Euro/Yen Carry Return Index 126.48 -.72%

• Emerging Markets Currency Volatility(VXY) 8.99 unch.

• S&P 500 Implied Correlation 44.56 -.54%

• ISE Sentiment Index 76.0 -30.9%
  

• Total Put/Call 1.03 +18.4%

• NYSE Arms 1.45 +14.17%

Credit Investor Angst:

• North American Investment Grade CDS Index 61.26 -1.85%
  

• America Energy Sector High-Yield CDS Index 380.0 +.14%

• European Financial Sector CDS Index 85.29 -.37%

• Western Europe Sovereign Debt CDS Index 15.50 +8.92%

• Asia Pacific Sovereign Debt CDS Index 25.44 -3.16%

• Emerging Market CDS Index 205.16 -1.59%
  

• iBoxx Offshore RMB China Corporate High Yield Index 135.91 +.19%

• 2-Year Swap Spread 34.0 +1.0 basis point

• TED Spread 42.25 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -29.0 -2.5 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.13 +.24%
• 3-Month T-Bill Yield .72% -1.0 basis point
  

• Yield Curve 119.0 -1.0 basis point
  

• China Import Iron Ore Spot $92.61/Metric Tonne unch.

• Citi US Economic Surprise Index 56.10 -1.5 points

• Citi Eurozone Economic Surprise Index 48.10 -.8 point

• Citi Emerging Markets Economic Surprise Index 53.30 +1.7 points

• 10-Year TIPS Spread 2.02 -1.0 basis point
  
• 53.5% chance of Fed rate hike at June 14 meeting, 60.2% chance at July 26 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -141 open in Japan 
• China A50 Futures: Indicating +4 open in China

• DAX Futures: Indicating +32 open in Germany

Portfolio: 

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

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

• Market Exposure: Moved to 100% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -.3%

Sector Underperformers:

• 1) Biotech -1.3% 2) I-Banks -1.0% 3) Gold & Silver -1.0%

Stocks Falling on Unusual Volume: 

• VRTV, ESPR, EDIT, MDCO, AFSI, AMGN, CAL, BRFS, REGN and SXCP

Stocks With Unusual Put Option Activity:

• 1) MDCO 2) ADBE 3) AFSI 4) JDST 5) AMGN

Stocks With Most Negative News Mentions:

• 1) INNL 2) AXTI 3) ALLY 4) SEAS 5) MDC

Charts:

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