Weekly Scoreboard*

The Weekly Wrap by Briefing.com.

 

Indices

• S&P 500 2,478.56 +1.49%

• DJIA 22,016.10 +1.0%

• NASDAQ 6,433.10 +2.80%

• Russell 2000 1,410.15 +2.41%

• S&P 500 High Beta 37.43 +2.08%

• Goldman 50 Most Shorted 135.49 +3.25%

• Wilshire 5000 25,639.10 +1.66%

• Russell 1000 Growth 1,244.27 +2.19%

• Russell 1000 Value 1,142.69 +.94%

• S&P 500 Consumer Staples 563.80 +.44%

• Vanda Cyclicals-Defensives 1.3235 +1.28%
  

• Morgan Stanley Technology 1,564.71 +2.63%

• Transports 9,381.70 +2.84%

• Utilities 740.84 -.82%

• Bloomberg European Bank/Financial Services 98.86 +.24%

• MSCI Emerging Markets 44.91 +.47%

• HFRX Equity Hedge 1,208.57 +.13%

• HFRX Equity Market Neutral 1,006.33 +.14%

Sentiment/Internals

• NYSE Cumulative A/D Line 298,114 +.41%

• Bloomberg New Highs-Lows Index 487 +310

• Bloomberg Crude Oil % Bulls 51.43 +50.34%

• CFTC Oil Net Speculative Position 445,448 -3.89%

• CFTC Oil Total Open Interest 2,236,977 -3.23%

• Total Put/Call .81 -16.5%

• OEX Put/Call 1.10 +88.9%

• ISE Sentiment 72.0 -36.1%

• NYSE Arms .56 -50.0%

• Volatility(VIX) 10.09 -10.55%

• S&P 500 Implied Correlation 31.63 -9.66%

• G7 Currency Volatility (VXY) 8.11 +2.66%

• Emerging Markets Currency Volatility (EM-VXY) 7.42 +4.36%

• Smart Money Flow Index 19,709.0 +.38%

• ICI Money Mkt Mutual Fund Assets $2.716 Trillion -.72%

• ICI US Equity Weekly Net New Cash Flow -$2.730 Billion

• AAII % Bulls 25.0 -11.0%

• AAII % Bears 39.9 +4.2%

Futures Spot Prices

• CRB Index 180.56 +1.47%

• Crude Oil 47.18 -1.71%

• Reformulated Gasoline 172.31 +11.04%

• Natural Gas 3.08 +6.39%

• Heating Oil 173.32 +6.92%

• Gold 1,325.80 +2.47%

• Bloomberg Base Metals Index 201.83 +1.12%

• Copper 311.85 +2.58%

• US No. 1 Heavy Melt Scrap Steel 281.67 USD/Ton unch.

• China Iron Ore Spot 78.91 USD/Ton +.68%

• Lumber 374.70 -.83%

• UBS-Bloomberg Agriculture 1,022.01 -.16%

Economy

• Atlanta Fed GDPNow Forecast +3.3 -10.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +1.9% -40.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.0477 -1.27% 

• US Economic Policy Uncertainty Index 32.3 -68.2%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 140.31 +.19%

• Citi US Economic Surprise Index -18.20 +14.1 points

• Citi Eurozone Economic Surprise Index 25.8 +6.6 points

• Citi Emerging Markets Economic Surprise Index 19.80 +1.7 points

• Fed Fund Futures imply 88.0% chance of no change, 12.0% chance of 25 basis point hike on 9/20

• US Dollar Index 92.82 +.29%

• MSCI Emerging Markets Currency Index 1,638.89 +.46%

• Euro/Yen Carry Return Index 136.44 +.27%

• Yield Curve 81.0 -3.0 basis points
  

• 10-Year US Treasury Yield 2.15% -2.0 basis points

• Federal Reserve's Balance Sheet $4.412 Trillion -.28%

• U.S. Sovereign Debt Credit Default Swap 25.91 -.15%

• Illinois Municipal Debt Credit Default Swap 335.0 -.05%

• Western Europe Sovereign Debt Credit Default Swap Index 5.59 -6.06%

• Asia Pacific Sovereign Debt Credit Default Swap Index 17.80 -9.34%
  

• Emerging Markets Sovereign Debt CDS Index 39.41 -12.71%
  

• Israel Sovereign Debt Credit Default Swap 52.83 -8.12%

• South Korea Sovereign Debt Credit Default Swap 60.68 +2.63%

• Russia Sovereign Debt Credit Default Swap 138.73 -5.67%

• iBoxx Offshore RMB China Corporate High Yield Index 141.27 +.14%

• 10-Year TIPS Spread 1.79% +4.0 basis points

• TED Spread 31.0 -1.0 basis point

• 2-Year Swap Spread 21.0 -2.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -24.75 +2.0 basis points

• N. America Investment Grade Credit Default Swap Index 57.47 -4.1%

• America Energy Sector High-Yield Credit Default Swap Index 465.0 -1.46%

• European Financial Sector Credit Default Swap Index 52.57 -5.39%
  

• Emerging Markets Credit Default Swap Index 178.20 -4.09%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 148.0 unch.
  

• M1 Money Supply $3.618 Trillion +1.66%

• Commercial Paper Outstanding 1,023.50 +2.7%

• 4-Week Moving Average of Jobless Claims 236,750 -1,000

• Continuing Claims Unemployment Rate 1.4% unch.
  

• Average 30-Year Mortgage Rate 3.82% +7.0 basis points

• Weekly Mortgage Applications 407.20 -2.3%

• Bloomberg Consumer Comfort 53.30 +.5 point

• Weekly Retail Sales +3.2% +40 basis points

• Nationwide Gas $2.52/gallon +.17/gallon

• Baltic Dry Index 1,184.0 -1.3%

• China (Export) Containerized Freight Index 839.84 -.81%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 unch.

• Rail Freight Carloads 279,623 -.96%

Best Performing Style

•  Small-Cap Growth +3.0%

Worst Performing Style

•  Large-Cap Value +.9%

Leading Sectors

• Biotech +7.7%

• Gaming +5.2%

• Gold & Silver +5.1%

• Steel +4.8%

• Defense +4.0%

Lagging Sectors

• Insurance -.4% 

• Tobacco -.7%

• Oil Tankers -.7%

• Utiliteis -.9%

• Foods -1.1%

Weekly High-Volume Stock Gainers (28)

• ADMS, IXYS, ABEO, JUNO, WVE, KITE, BLUE, EHTH, AVAV, SCVL, STRL, MOV, PSTG, CTLT, DEL, USG, AMSWA, GILD, CVTI, SPLK, LJPC, EXP, ENTA, GNRC, CAL, TACO, CARE and THO

Weekly High-Volume Stock Losers (13)

• FIVE, IMKTA, ULTA, LE, VEEV, CIEN, ACOR, SFM, CPB, BBY, GME, TITN and ACET

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Higher into Afternoon on Economic Optimism, Tax Reform Hopes, Short-Covering, Retail/Energy Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Below Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 10.13 -4.34%

• Euro/Yen Carry Return Index 136.53 -.04%

• Emerging Markets Currency Volatility(VXY) 7.42 -.54%

• S&P 500 Implied Correlation 31.72 -.75%

• ISE Sentiment Index 72.0 -34.6%
  

• Total Put/Call .82 -21.90%

• NYSE Arms .55 -42.2%

Credit Investor Angst:

• North American Investment Grade CDS Index 57.50 -1.96%
  

• America Energy Sector High-Yield CDS Index 465.0 -.91%

• European Financial Sector CDS Index 52.28 -2.01%

• Western Europe Sovereign Debt CDS Index 5.59 -4.45%

• Asia Pacific Sovereign Debt CDS Index 17.81 -2.06%

• Emerging Market CDS Index 177.26 -1.86%
  

• iBoxx Offshore RMB China Corporate High Yield Index 141.27 +.12%

• 2-Year Swap Spread 21.0 +.25 basis point

• TED Spread 31.25 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -24.75 +.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 74.66 +.22%
• 3-Month T-Bill Yield 1.0% -1.0 basis point
  

• Yield Curve 81.0 +2.0 basis points

• China Import Iron Ore Spot $78.91/Metric Tonne n/a

• Citi US Economic Surprise Index -18.20 +4.9 points

• Citi Eurozone Economic Surprise Index 25.80 +2.2 points

• Citi Emerging Markets Economic Surprise Index 19.80 +3.5 basis points

• 10-Year TIPS Spread 1.79 +2.0 basis points
  
• 15.6% chance of Fed rate hike at Nov. 1 meeting, 42.5% chance at Dec. 13 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +28 open in Japan 
• China A50 Futures: Indicating +56 open in China

• DAX Futures: Indicating +15 open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +.2%

Sector Underperformers:

• 1) Software -.4% 2) Utilities -.3% 3) Tobacco -.1%

Stocks Falling on Unusual Volume: 

• AMBA, TECD, HIIQ, COO and SCVL

Stocks With Unusual Put Option Activity:

• 1) AMBA 2) JCI 3) RSX 4) PANW 5) SYMC

Stocks With Most Negative News Mentions:

• 1) DRYS 2) AMBA 3) TECD 4) GPRO 5) WFC

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.1%

Sector Outperformers:

• 1) Steel +2.6% 2) Gaming +2.1% 3) Oil Service +1.8%

Stocks Rising on Unusual Volume:

• LULU, PANW, OSTK, OXM, ANGO, CLLS, ICFI, RDY, TIS, HIMX, BLUE, NSH, CSII, URGN, SGMO, YNDX, BMS, SGH, RGC, GCO, BIB, ABEO, KNX, FCAU, GM, OSTK, CVI, RGC, PBF and SWFT

Stocks With Unusual Call Option Activity:

• 1) AR 2) NTNX 3) GGP 4) RHAT 5) JCI

Stocks With Most Positive News Mentions:

• 1) PANW 2) LULU 3) SCS 4) KORS 5) GM

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -7.1% Below 100-Day Average
• 9 Sectors Rising, 1 Sector Declining
• 65.0% of Issues Advancing, 35.0% Declining
• 124 New 52-Week Highs, 14 New Lows
• 40.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 36.3%
• Vix 10.2 -4.0%
• Total Put/Call .74 -29.5%
• TRIN/Arms .70 26.7%