Weekly Scoreboard*

S&P 500 2,517.24 +.58%

The Weekly Wrap by Briefing.com.
 
Indices

• DJIA 22,381.66 +.13%

• NASDAQ 6,491.84 +1.02%

• Russell 2000 1,491.76 +2.81%

• S&P 500 High Beta 39.45 +1.78%

• Goldman 50 Most Shorted 139.96 +1.57%

• Wilshire 5000 26,134.50 +.81%

• Russell 1000 Growth 1,256.84 +.55%

• Russell 1000 Value 1,167.20 +.64%

• S&P 500 Consumer Staples 556.11 +.11%

• Vanda Cyclicals-Defensives 1.3479 +1.42%
  

• NYSE Technology 1,585.58 +.20%

• Transports 9,906.51 +2.11%

• Utilities 724.11 -.32%

• Bloomberg European Bank/Financial Services 102.68 +1.64%

• MSCI Emerging Markets 44.52 -1.94%

• HFRX Equity Hedge 1,233.06 -.07%

• HFRX Equity Market Neutral 1,012.79 -.10%

Sentiment/Internals

• NYSE Cumulative A/D Line 304,848 +.80%

• Bloomberg New Highs-Lows Index 505 +137

• Bloomberg Crude Oil % Bulls 47.92 n/a

• CFTC Oil Net Speculative Position 418,074 +11.6%

• CFTC Oil Total Open Interest 2,377,488 +1.38%

• Total Put/Call .95 -2.08%

• OEX Put/Call .41 -90.24%

• ISE Sentiment 119.0 +83.1%

• NYSE Arms 1.05 -4.67%

• Volatility(VIX) 9.54 +.52%

• S&P 500 Implied Correlation 22.31 +1.02%

• G7 Currency Volatility (VXY) 8.37 -5.85%

• Emerging Markets Currency Volatility (EM-VXY) 7.88 unch.

• Smart Money Flow Index 19,630.89 -.27%

• ICI Money Mkt Mutual Fund Assets $2.740 Trillion +.59%

• ICI US Equity Weekly Net New Cash Flow -$4.533 Billion

• AAII % Bulls 33.3 -17.0%

• AAII % Bears 28.7 +5.6%

Futures Spot Prices

• CRB Index 183.0 -.14%

• Crude Oil 51.42 +1.66%

• Reformulated Gasoline 160.05 -3.9%

• Natural Gas 3.03 +2.51%

• Heating Oil 180.89 -.29%

• Gold 1,281.50 -1.04%

• Bloomberg Base Metals Index 197.95 +.81%

• Copper 295.45 -.05%

• US No. 1 Heavy Melt Scrap Steel 288.33 USD/Ton +.46%

• China Iron Ore Spot 62.05 USD/Ton -2.38%

• Lumber 403.1 +2.37%

• UBS-Bloomberg Agriculture 1,023.15 -1.05%

Economy

• Atlanta Fed GDPNow Forecast +2.3 +10.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -0.1% -10.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.5133 +5.26% 

• US Economic Policy Uncertainty Index 220.23 +97.71%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 141.23 +.33%

• Citi US Economic Surprise Index -7.9 +.9 point

• Citi Eurozone Economic Surprise Index 50.2 +.8 point

• Citi Emerging Markets Economic Surprise Index 15.0 -1.5 points

• Fed Fund Futures imply 87.6% chance of no change, 12.4% chance of 25 basis point hike on 11/1

• US Dollar Index 93.16 +1.12%

• MSCI Emerging Markets Currency Index 1,620.08 -1.19%

• Euro/Yen Carry Return Index 138.64 -.66%

• Yield Curve 85.0 +3.0 basis points
  

• 10-Year US Treasury Yield 2.32% +6.0 basis points

• Federal Reserve's Balance Sheet $4.416 Trillion -.06%

• U.S. Sovereign Debt Credit Default Swap 24.77 -4.25%

• Illinois Municipal Debt Credit Default Swap 338.47 -.04%

• Western Europe Sovereign Debt Credit Default Swap Index 5.0 -1.09%

• Asia Pacific Sovereign Debt Credit Default Swap Index 18.98 +18.37%
  

• Emerging Markets Sovereign Debt CDS Index 41.22 +2.04%
  

• Israel Sovereign Debt Credit Default Swap 53.41 -4.32%

• South Korea Sovereign Debt Credit Default Swap 73.82 +2.53%

• Russia Sovereign Debt Credit Default Swap 142.23 -3.14%

• iBoxx Offshore RMB China Corporate High Yield Index 142.05 +.15%

• 10-Year TIPS Spread 1.86% +1.0 basis point

• TED Spread 29.0 -1.5 basis points

• 2-Year Swap Spread 25.75 -1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -40.0 -10.0 basis points

• N. America Investment Grade Credit Default Swap Index 56.07 -6.85%

• America Energy Sector High-Yield Credit Default Swap Index 404.0 -6.4%

• European Financial Sector Credit Default Swap Index 59.64 +1.43%
  

• Emerging Markets Credit Default Swap Index 184.63 -2.25%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 153.0 +1.0 basis point
  

• M1 Money Supply $3.540 Trillion -1.0%

• Commercial Paper Outstanding 1,059.20 +1.5%

• 4-Week Moving Average of Jobless Claims 277,750 +14,500

• Continuing Claims Unemployment Rate 1.4% unch.
  

• Average 30-Year Mortgage Rate 3.83% unch.

• Weekly Mortgage Applications 415.60 -.46%

• Bloomberg Consumer Comfort 51.60 +1.0 point

• Weekly Retail Sales +4.1% unch.

• Nationwide Gas $2.57/gallon -.o2/gallon

• Baltic Dry Index 1,391.0 -7.39%

• China (Export) Containerized Freight Index 803.25 -1.12%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 +12.5%

• Rail Freight Carloads 285,004 +5.56%

Best Performing Style

•  Small-Cap Value +3.1%

Worst Performing Style

•  Large-Cap Growth +.5%

Leading Sectors

• Homebuilders +5.5%

• Education +4.8%

• Oil Service +4.2%

• I-Banks +3.0%

• Retail +2.6%

Lagging Sectors

• Drugs -.6% 

• Telecom -.9%

• Social Media -1.1%

• Restaurants -1.2%

• Gold & Silver -1.2%

Weekly High-Volume Stock Gainers (14)

• MDGL, EXA, FINL, ACTA, OSTK, OUT, GHL, AGYS, OMN, CUB, BOLD, CIR, FDS and HOMB

Weekly High-Volume Stock Losers (12)

• FSLR, CMP, UNIT, DGX, SCG, PTCT, TTS, CMTL, ITCI, ICPT, VERI and DXCM

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Modestly Higher into Final Hour on Tax Reform Hopes, Economic Optimism, Technical Buying, Homebuilding/Tech Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 9.43 -1.26%

• Euro/Yen Carry Return Index 138.55 +.36%

• Emerging Markets Currency Volatility(VXY) 7.88 -2.11%

• S&P 500 Implied Correlation 21.77 -3.03%

• ISE Sentiment Index 119.0 +6.25%
  

• Total Put/Call .95 +31.94%

• NYSE Arms .98 -8.25%

Credit Investor Angst:

• North American Investment Grade CDS Index 55.84 -1.74%
  

• America Energy Sector High-Yield CDS Index 407.0 +.33%

• European Financial Sector CDS Index 59.52 -1.11%

• Western Europe Sovereign Debt CDS Index 5.00 -3.0%

• Asia Pacific Sovereign Debt CDS Index 18.99 +7.16%

• Emerging Market CDS Index 185.08 -.66%
  

• iBoxx Offshore RMB China Corporate High Yield Index 142.05 +.04%

• 2-Year Swap Spread 25.75 +.25 basis point

• TED Spread 29.0 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -40.0 -.25 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 73.73 +.16%
• 3-Month T-Bill Yield 1.04% -1.0 basis point
  

• Yield Curve 85.0 -1.0 basis point

• China Import Iron Ore Spot $62.05/Metric Tonne -1.34%

• Citi US Economic Surprise Index -7.90 +.6 point

• Citi Eurozone Economic Surprise Index 50.20 -3.9 points

• Citi Emerging Markets Economic Surprise Index 15.0 +1.7 basis points

• 10-Year TIPS Spread 1.86 -2.0 basis points
  
• 70.5% chance of Fed rate hike at Dec. 13 meeting, 71.1% chance at Jan. 31 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +44 open in Japan 
• China A50 Futures: Indicating +57 open in China

• DAX Futures: Indicating unch. open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value +.1%

Sector Underperformers:

• 1) Gold and Silver -.9% 2) Telecom -.4% 3) Restaurants -.4%

Stocks Falling on Unusual Volume: 

• GWPH, REV, LKSD, LPX and KEM

Stocks With Unusual Put Option Activity:

• 1) MBI 2) DDD 3) ZGNX 4) AABA 5) EPD

Stocks With Most Negative News Mentions:

• 1) LPX 2) TSQ 3) IONS 4) SRPT 5) RAD

Charts:

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