Weekly Scoreboard*

Indices

• S&P 500 2,381.73 -.38%

• DJIA 20,804.84 -.44%

• NASDAQ 6,083.70 -.61%

• Russell 2000 1,367.33 -1.12%

• S&P 500 High Beta 36.79 -.30%

• Goldman 50 Most Shorted 127.57 -.52%

• Wilshire 5000 24,648.95 -.40%

• Russell 1000 Growth 1,173.55 -.39%

• Russell 1000 Value 1,118.53 -.32%

• S&P 500 Consumer Staples 567.65 +.64%

• Vanda Cyclicals-Defensives 1.3442 +.43%
  

• Morgan Stanley Technology 1,444.61 -.73%

• Transports 8,879.19 -1.35%

• Utilities 703.27 +.43%

• Bloomberg European Bank/Financial Services 100.28 -1.44%

• MSCI Emerging Markets 40.91 -1.17%

• HFRX Equity Hedge 1,188.32 -.49%

• HFRX Equity Market Neutral 994.49 -.79%

Sentiment/Internals

• NYSE Cumulative A/D Line 288,177 +.33%

• Bloomberg New Highs-Lows Index -79 -308

• Bloomberg Crude Oil % Bulls 44.0 -38.4%

• CFTC Oil Net Speculative Position 328,751 -11.9%

• CFTC Oil Total Open Interest 2,276,413 +2.75%

• Total Put/Call .98 +15.29%

• OEX Put/Call 2.52 +6.78%

• ISE Sentiment 83.0 -17.82%

• NYSE Arms .54 +58.21%

• Volatility(VIX) 10.70 +.76%

• S&P 500 Implied Correlation 42.05 -1.12%

• G7 Currency Volatility (VXY) 7.88 +7.21%

• Emerging Markets Currency Volatility (EM-VXY) 8.61 +8.03%

• Smart Money Flow Index 19,353.37 -.42%

• ICI Money Mkt Mutual Fund Assets $2.645 Trillion -.19%

• ICI US Equity Weekly Net New Cash Flow +$1.673 Billion

• AAII % Bulls 23.9 -27.1%

• AAII % Bears 34.3 +13.3%

Futures Spot Prices

• CRB Index 185.08 +1.86%

• Crude Oil 50.33 +5.25%

• Reformulated Gasoline 165.0 +3.50%

• Natural Gas 3.26 -4.96%

• Heating Oil 158.27 +6.08%

• Gold 1,253.60 +2.1%

• Bloomberg Base Metals Index 172.73 +1.15%

• Copper 258.15 +2.08%

• US No. 1 Heavy Melt Scrap Steel 266.67 USD/Ton +3.23%

• China Iron Ore Spot 62.69 USD/Ton +2.13%

• Lumber 363.0 -.93%

• UBS-Bloomberg Agriculture 1,088.71 +.64%

Economy

• Atlanta Fed GDPNow Forecast +4.1% +50.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +5.0% -10.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index .5158 -5.25% 

• US Economic Policy Uncertainty Index 163.64 +178.78%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 136.49 +.31%

• Citi US Economic Surprise Index -33.40 -3.9 points

• Citi Eurozone Economic Surprise Index 59.50 -10.0 points

• Citi Emerging Markets Economic Surprise Index 27.80 -5.3 points

• Fed Fund Futures imply 2.5% chance of no change 97.5% chance of 25 basis point hike on 6/14

• US Dollar Index 97.15 -2.06%

• MSCI Emerging Markets Currency Index 1,581.86 -.37%

• Euro/Yen Carry Return Index 130.28 +.76%

• Yield Curve 97.0 -7.0 basis points

• 10-Year US Treasury Yield 2.24% -11.0 basis points

• Federal Reserve's Balance Sheet $4.428 Trillion -.15%

• U.S. Sovereign Debt Credit Default Swap 21.75 -10.38%

• Illinois Municipal Debt Credit Default Swap 393.0 -.05%

• Western Europe Sovereign Debt Credit Default Swap Index 9.20 +16.75%

• Asia Pacific Sovereign Debt Credit Default Swap Index 20.28 -1.12%
  

• Emerging Markets Sovereign Debt CDS Index 48.40 +6.46%
  

• Israel Sovereign Debt Credit Default Swap 68.62.0 +2.42%

• South Korea Sovereign Debt Credit Default Swap 56.93 +2.56%

• Russia Sovereign Debt Credit Default Swap 152.83 -1.61%

• iBoxx Offshore RMB China Corporate High Yield Index 138.35 +.51%

• 10-Year TIPS Spread 1.85% -1.0 basis point
  

• TED Spread 26.75 -5.0 basis points

• 2-Year Swap Spread 24.25 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -30.75 -1.25 basis points

• N. America Investment Grade Credit Default Swap Index 63.36 +.68%

• America Energy Sector High-Yield Credit Default Swap Index 369.0 -.46%

• European Financial Sector Credit Default Swap Index 69.47 +1.94%
  

• Emerging Markets Credit Default Swap Index 196.71 +.57%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 145.50 unch.
  

• M1 Money Supply $3.466 Trillion +1.35%

• Commercial Paper Outstanding 986.60 +.5%

• 4-Week Moving Average of Jobless Claims 240,750 -2,750

• Continuing Claims Unemployment Rate 1.4% unch.
  

• Average 30-Year Mortgage Rate 4.02% -3.0 basis points

• Weekly Mortgage Applications 398.80 -4.07%

• Bloomberg Consumer Comfort 50.20 +.5 point

• Weekly Retail Sales +1.8% +50.0 basis points

• Nationwide Gas $2.35/gallon +.01/gallon

• Baltic Dry Index 957.0 -5.62%

• China (Export) Containerized Freight Index 848.27 +1.26%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.50 -8.33%

• Rail Freight Carloads 271,609 +2.83%

Best Performing Style

•  Mid-Cap Growth +.4%

Worst Performing Style

•  Small-Cap Value -.9%

Leading Sectors

• Social Media +4.0%

• Oil Services +3.2%

• Homebuilders +2.2%

• Telecom +1.9%

• Semis +1.7%

Lagging Sectors

• Networking -1.5% 

• Hospitals -1.9%

• Road & Rail -2.1%

• Disk Drives -2.2%

• Retail -2.8%

Weekly High-Volume Stock Gainers (14)

• GLYC, SNDX, TTD, LJPC, ALNY, RRGB, AXIM, WFBI, DXPE, SNAP, INCY, CHRS, ASH and PEGA

Weekly High-Volume Stock Losers (20)

• EVH, SYMC, SSYS, TPIC, TJX, FOGO, CSCO, PBH, ACXM, BURL, AAWW, VRTU, JWN, EGRX, URBN, DKS, PSDO, AEO, HRI and FRTA

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 Earnings Optimism, Oil Gain, Short-Covering, Financial/Energy Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Slightly Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 12.23 -16.58%

• Euro/Yen Carry Return Index 130.26 +.82%

• Emerging Markets Currency Volatility(VXY) 8.71 -3.76%

• S&P 500 Implied Correlation 41.81 -8.69%

• ISE Sentiment Index 85.0 -8.6%
  

• Total Put/Call .93 -16.96%

• NYSE Arms .57 -50.19%

Credit Investor Angst:

• North American Investment Grade CDS Index 63.65 -2.4%
  

• America Energy Sector High-Yield CDS Index 369.0 +.25%

• European Financial Sector CDS Index 69.16 -2.47%

• Western Europe Sovereign Debt CDS Index 9.40 +8.24%

• Asia Pacific Sovereign Debt CDS Index 20.28 -4.02%

• Emerging Market CDS Index 196.18 -4.61%
  

• iBoxx Offshore RMB China Corporate High Yield Index 138.35 +.04%

• 2-Year Swap Spread 24.25 +1.5 basis points

• TED Spread 26.25 -3.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -30.75 +2.25 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.91 +1.10%
• 3-Month T-Bill Yield .90% +1.0 basis point
  

• Yield Curve 97.0 +1.0 basis point
  

• China Import Iron Ore Spot $62.69/Metric Tonne +1.77%

• Citi US Economic Surprise Index -33.40 +.2 point

• Citi Eurozone Economic Surprise Index 59.50 -2.4 points

• Citi Emerging Markets Economic Surprise Index 27.8 +.1 point

• 10-Year TIPS Spread 1.85 +7.0 basis points
  
• 90.2% chance of Fed rate hike at July 26 meeting, 93.7% chance at Sept. 20 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +150 open in Japan 
• China A50 Futures: Indicating +28 open in China

• DAX Futures: Indicating -5 open in Germany

Portfolio: 

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

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

• Market Exposure: Moved to 75% Net Long