Weekly Scoreboard*

Indices

• S&P 500 2,438.45 +.93%

• DJIA 21,210.50 +.57%

• NASDAQ 6,300.60 +1.51%

• Russell 2000 1,408.13 +1.83%

• S&P 500 High Beta 36.84 -.03%

• Goldman 50 Most Shorted 129.30 +.85%

• Wilshire 5000 25,258.10 +1.06%

• Russell 1000 Growth 1,213.44 +1.49%

• Russell 1000 Value 1,133.60 +.43%

• S&P 500 Consumer Staples 586.09 +1.26%

• Vanda Cyclicals-Defensives 1.3242 +.59%
  

• Morgan Stanley Technology 1,504.98 +1.73%

• Transports 9,259.32 +2.18%

• Utilities 732.08 +1.59%

• Bloomberg European Bank/Financial Services 97.94 -2.01%

• MSCI Emerging Markets 41.57 +.24%

• HFRX Equity Hedge 1,188.36 -.24%

• HFRX Equity Market Neutral 988.31 -.11%

Sentiment/Internals

• NYSE Cumulative A/D Line 291,570 +.43%

• Bloomberg New Highs-Lows Index 844 +168

• Bloomberg Crude Oil % Bulls 40.0 -23.33%

• CFTC Oil Net Speculative Position 372,989 +13.4%

• CFTC Oil Total Open Interest 2,211,099 -5.39%

• Total Put/Call .77 -14.44%

• OEX Put/Call 3.75 +1,722.7%

• ISE Sentiment 85.0 -38.97%

• NYSE Arms 1.70 +31.42%

• Volatility(VIX) 9.80 -.91%

• S&P 500 Implied Correlation 38.85 +1.07%

• G7 Currency Volatility (VXY) 7.51 -1.57%

• Emerging Markets Currency Volatility (EM-VXY) 8.12 +1.0%

• Smart Money Flow Index 19,636.18 +.79%

• ICI Money Mkt Mutual Fund Assets $2.654 Trillion +.19%

• ICI US Equity Weekly Net New Cash Flow -$2.312 Billion

• AAII % Bulls 26.9 -18.1%

• AAII % Bears 31.5 +5.1%

Futures Spot Prices

• CRB Index 177.96 -1.76%

• Crude Oil 47.65 -2.22%

• Reformulated Gasoline 157.51 -1.54%

• Natural Gas 3.0 -5.92%

• Heating Oil 148.26 -4.20%

• Gold 1,280.20 +1.95%

• Bloomberg Base Metals Index 170.59 -2.08%

• Copper 257.60 -.66%

• US No. 1 Heavy Melt Scrap Steel 266.67 USD/Ton unch.

• China Iron Ore Spot 57.79 USD/Ton -.21%

• Lumber 353.70 +.34%

• UBS-Bloomberg Agriculture 1,037.88 -3.09%

Economy

• Atlanta Fed GDPNow Forecast +3.4 -70.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +4.6% -50.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index .0443 -19.45% 
• US Economic Policy Uncertainty Index 121.14 +15.69%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 137.05 +.15%

• Citi US Economic Surprise Index -40.90 -4.7 points

• Citi Eurozone Economic Surprise Index 43.60 -12.4 points

• Citi Emerging Markets Economic Surprise Index 10.70 -10.0 points

• Fed Fund Futures imply 0.0% chance of no change 100.0% chance of 25 basis point hike on 6/14

• US Dollar Index 96.73 -.67%
• MSCI Emerging Markets Currency Index 1,602.09 +.25%

• Euro/Yen Carry Return Index 130.07 +.03%

• Yield Curve 88.0 -7.0 basis points

• 10-Year US Treasury Yield 2.16% -8.0 basis points

• Federal Reserve's Balance Sheet $4.420 Trillion -.27%

• U.S. Sovereign Debt Credit Default Swap 21.77 +1.22%

• Illinois Municipal Debt Credit Default Swap 393.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 8.12 -6.51%

• Asia Pacific Sovereign Debt Credit Default Swap Index 19.11 -.55%
  

• Emerging Markets Sovereign Debt CDS Index 43.47 +2.11%
  

• Israel Sovereign Debt Credit Default Swap 66.14 +1.39%

• South Korea Sovereign Debt Credit Default Swap 54.85 -2.53%

• Russia Sovereign Debt Credit Default Swap 151.19 +1.84%

• iBoxx Offshore RMB China Corporate High Yield Index 138.66 +.05%

• 10-Year TIPS Spread 1.82% -1.0 basis point

• TED Spread 24.75 -3.0 basis points

• 2-Year Swap Spread 22.5 -1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -31.25 +4.0 basis points

• N. America Investment Grade Credit Default Swap Index 60.03 -3.27%

• America Energy Sector High-Yield Credit Default Swap Index 376.0 +1.44%

• European Financial Sector Credit Default Swap Index 70.35 +5.60%
  

• Emerging Markets Credit Default Swap Index 191.67 -.71%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 145.0 -.5 basis point
  

• M1 Money Supply $3.539 Trillion +.57%

• Commercial Paper Outstanding 993.70 +.6%

• 4-Week Moving Average of Jobless Claims 238,000 +2,750

• Continuing Claims Unemployment Rate 1.4% unch.
  

• Average 30-Year Mortgage Rate 3.94% -1.0 basis point

• Weekly Mortgage Applications 402.20 -3.36%

• Bloomberg Consumer Comfort 51.20 +.3 point

• Weekly Retail Sales +1.9% unch.

• Nationwide Gas $2.38/gallon +.01/gallon

• Baltic Dry Index 850.0 -7.41%

• China (Export) Containerized Freight Index 840.09 -.73%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 +11.11%

• Rail Freight Carloads 281,539 +2.45%

Best Performing Style

•  Small-Cap Growth +2.4%

Worst Performing Style

•  Large-Cap Value +.4%

Leading Sectors

• Gaming +6.1%

• Networking +3.8%

• Papers +3.1%

• Medical Equipment +2.6%

• Computer Hardware +2.5%

Lagging Sectors

• Steel -1.3% 

• Banks -1.5%

• Energy -1.8%

• Hospitals -2.1%

• Coal -7.5%

Weekly High-Volume Stock Gainers (20)

• NERV, DECK, ATW, PANW, JILL, XTLY, CIEN, PSTG, RYAM, LABL, AMPH, GCO, CFCO, CMCO, BOX, CCN, TIME, APPF, NTNX and VEEV

Weekly High-Volume Stock Losers (7)

• HRTX, WMS, FBK, SPLK, ZOES, AMBA and NTLA

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Rising into Final Hour on Less European/Emerging Markets Debt Angst, Technical Buying, Short-Covering, Homebuilding/Biotech Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Around Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 9.83 -.61%

• Euro/Yen Carry Return Index 130.05 -.22%

• Emerging Markets Currency Volatility(VXY) 8.12 -1.46%

• S&P 500 Implied Correlation 38.98 -5.07%

• ISE Sentiment Index 85.0 +11.84%
  

• Total Put/Call .78 -22.0%

• NYSE Arms 1.74 +57.10%

Credit Investor Angst:

• North American Investment Grade CDS Index 60.03 -3.27%
  

• America Energy Sector High-Yield CDS Index 376.0 +.89%

• European Financial Sector CDS Index 70.35 +.67%

• Western Europe Sovereign Debt CDS Index 8.12 -2.46%

• Asia Pacific Sovereign Debt CDS Index 19.10 -.80%

• Emerging Market CDS Index 191.71 -.97%
  

• iBoxx Offshore RMB China Corporate High Yield Index 138.66 +.01%

• 2-Year Swap Spread 22.5 -.25 basis point

• TED Spread 24.75 +1.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -31.25 +2.25 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 73.36 +.21%
• 3-Month T-Bill Yield .97% unch.
  

• Yield Curve 88.0 -4.0 basis points
  

• China Import Iron Ore Spot $57.79/Metric Tonne -.21%

• Citi US Economic Surprise Index -40.90 -4.8 points

• Citi Eurozone Economic Surprise Index 43.60 +.1 point

• Citi Emerging Markets Economic Surprise Index 10.70 -.3 point

• 10-Year TIPS Spread 1.82 -2.0 basis points
  
• 93.5% chance of Fed rate hike at July 26 meeting, 95.2% chance at Sept. 20 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -12 open in Japan 
• China A50 Futures: Indicating -22 open in China

• DAX Futures: Indicating +20 open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +.6%

Sector Underperformers:

• 1) Oil Service -1.1% 2) Hospitals -1.0% 3) Energy -.6%

Stocks Falling on Unusual Volume: 

• PF, RH, ZUMZ, TGNA, GOGO and RRC

Stocks With Unusual Put Option Activity:

• 1) RH 2) SWN 3) SIRI 4) VMW 5) GIS

Stocks With Most Negative News Mentions:

• 1) RH 2) ZUMZ 3) ADP 4) PAHC 5) WLL

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.3%

Sector Outperformers:

• 1) Airlines +1.6% 2) Homebuilders +1.5% 3) Biotech +1.3%

Stocks Rising on Unusual Volume:

• XBIT, LULU, IXYS, AVGO, PK, CZR, COO, WDAY, VSAT, NVMI, CACQ, DBVT, IRTC, PICO, EXPO, FWONK, CEVA, ICPT, AMC, PHI, TGTX, VNQI, UMH, GLOB, FNF, GOOS and AMC

Stocks With Unusual Call Option Activity:

• 1) LYB 2) PX 3) AVGO 4) WDAY 5) FDX

Stocks With Most Positive News Mentions:

• 1) SGYP 2) LULU 3) GOOS 4) DAL 5) AVGO

Charts:

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