Weekly Scoreboard*

S&P 500 2,903.09 +1.07%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,140.50 +.79%

• NASDAQ 8,012.58 +1.32%

• Russell 2000 1,724.08 +.53%

• S&P 500 High Beta 44.89 +1.79%

• Goldman 50 Most Shorted 173.09 +1.89%

• Wilshire 5000 30,183.10 +1.07%

• Russell 1000 Growth 1,558.64 +1.45%

• Russell 1000 Value 1,250.81 +.76%

• S&P 500 Consumer Staples 560.07 +.54%

• Vanda Cyclicals-Defensives 1.6518 +1.31%
  

• NYSE Technology 1,900.11 +2.02%

• Transports 11,567.70 +1.97%

• Utilities 736.65 +.28%

• Bloomberg European Bank/Financial Services 84.86 +1.36%

• MSCI Emerging Markets 42.11 +.72%

• HFRX Equity Hedge 1,257.13 -.12%

• HFRX Equity Market Neutral 1,005.49 +.31%

Sentiment/Internals

• NYSE Cumulative A/D Line 332,672 +.17%

• Bloomberg New Highs-Lows Index 106 +292

• Bloomberg Crude Oil % Bulls 45.83 +70.3%

• CFTC Oil Net Speculative Position 565,730 +2.8%

• CFTC Oil Total Open Interest 2,303,047 +2.77%

• Total Put/Call .78 -31.9%

• OEX Put/Call .30 -47.46%

• ISE Sentiment 119.0 +2.69%

• NYSE Arms .84 +15.71%

• Volatility(VIX) 12.05 -19.1%

• S&P 500 Implied Correlation 34.93 -11.03%

• G7 Currency Volatility (VXY) 7.63 -3.17% 

• Emerging Markets Currency Volatility (EM-VXY) 11.97 -7.1%

• Smart Money Flow Index 16,366.05 -.21%

• ICI Money Mkt Mutual Fund Assets $2.881 Trillion +.01%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$7.001 Billion

• AAII % Bulls 32.1 -24.0%

• AAII % Bears 32.8 +24.9%

Futures Spot Prices

• CRB Index 190.36 +.06%

• Crude Oil 68.96 +1.61%

• Reformulated Gasoline 197.22 -.16%

• Natural Gas 2.76 -.40%

• Heating Oil 221.03 -.47%

• Gold 1,195.30 -.08%

• Bloomberg Base Metals Index 179.74 +.08%

• Copper 262.10 +.13%

• US No. 1 Heavy Melt Scrap Steel 321.67 USD/Metric Tonne unch.

• China Iron Ore Spot 68.92 USD/Metric Tonne +1.37%

• Lumber 370.0 -3.27%

• UBS-Bloomberg Agriculture 909.44 -.77%

Economy

• Atlanta Fed GDPNow Forecast +4.43% +7.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 0.0% +20.0 basis points
• Bloomberg US Recession Probability Next 12 Months 15.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .1936 -4.25%

• US Economic Policy Uncertainty Index 74.69 -10.1%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 173.06 +.26%

• Citi US Economic Surprise Index -8.50 -4.9 points

• Citi Eurozone Economic Surprise Index -13.60 -17.5 points

• Citi Emerging Markets Economic Surprise Index -10.6 -4.3 points

• Fed Fund Futures imply 2.5% chance of no change, 97.5% chance of 25 basis point hike on 9/26

• US Dollar Index 94.92 -.44%

• MSCI Emerging Markets Currency Index 1,586.75 +.11%

• Bitcoin/USD 6,474.01 -.9%

• Euro/Yen Carry Return Index 135.51 +1.66%

• Yield Curve 20.75 -3.0 basis points
  

• 10-Year US Treasury Yield 2.98% +4.0 basis points

• Federal Reserve's Balance Sheet $4.171 Trillion +.06%

• U.S. Sovereign Debt Credit Default Swap 20.47 -2.38%

• Illinois Municipal Debt Credit Default Swap 189.86 -.03%

• Italian/German 10Y Yld Spread 253.25 -11.5 basis points

• Asia Pacific Sovereign Debt Credit Default Swap Index 12.10 -3.44%
  

• Emerging Markets Sovereign Debt CDS Index 126.29 -22.5%
  

• Israel Sovereign Debt Credit Default Swap 75.03 +7.74%

• South Korea Sovereign Debt Credit Default Swap 38.17 -4.56%

• Russia Sovereign Debt Credit Default Swap 164.45 -7.79%

• iBoxx Offshore RMB China Corporate High Yield Index 151.18 -.15%

• 10-Year TIPS Spread 2.11% unch.

• TED Spread 19.0 -.75 basis point

• 2-Year Swap Spread 17.50 -1.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -14.0 -1.75 basis points

• N. America Investment Grade Credit Default Swap Index 55.51 -7.3%

• America Energy Sector High-Yield Credit Default Swap Index 400.0 -4.58%

• European Financial Sector Credit Default Swap Index 68.36 -9.95%
  

• Emerging Markets Credit Default Swap Index 206.73 -8.78%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.840 Trillion +3.68%

• Commercial Paper Outstanding 1,067.10 +.10%

• 4-Week Moving Average of Jobless Claims 208,000 -1,500

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.60% +6.0 basis points

• Weekly Mortgage Applications 337.40 -1.78%

• Bloomberg Consumer Comfort 59.0 +1.0 point

• Weekly Retail Sales +6.30% +110.0 basis points

• Nationwide Gas $2.85/gallon unch.

• Baltic Dry Index 1,382.0 -7.25%

• China (Export) Containerized Freight Index 856.06 n/a

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

• Rail Freight Carloads 248,915 -13.43%

Best Performing Style

• Mid-Cap Growth +1.4%

Worst Performing Style

• Small-Cap Value +.1%

Leading Sectors

• Software +3.6%

• Telecom +3.6%

• Oil Service +3.1%

• Medical Equipment +2.8%

• Gaming +2.4%

Lagging Sectors

• Education -.4% 

• Paper -.7%

• REITs -.9%

• Restaurants -1.4%

• Banks -2.2%

Weekly High-Volume Stock Gainers (7)

• AMD, PI, HDP, BRC, AVAV, PUMP and GDOT

Weekly High-Volume Stock Losers (6)

• RRR, PVTL, NVRO, PGTI, NTRA and WAB

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Final Hour on Trade War Fears, Emerging Markets Currency/Debt Angst, Profit-Taking, Utility/REIT Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Around Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 12.12 -2.02%

• Euro/Yen Carry Return Index 135.50 -.44%

• Emerging Markets Currency Volatility(VXY) 11.97 -1.4%

• S&P 500 Implied Correlation 34.81 -1.89%

• ISE Sentiment Index 116.0 +18.4%
  

• Total Put/Call .77 -8.3%

• NYSE Arms .91 -15.1%

Credit Investor Angst:

• North American Investment Grade CDS Index 55.58 -.53%
  

• America Energy Sector High-Yield CDS Index 400.0 -.41%

• European Financial Sector CDS Index 68.53 +.81%

• Italian/German 10Y Yld Spread 253.25 +.5 basis point
  

• Asia Pacific Sovereign Debt CDS Index 12.1 -.90%

• Emerging Market CDS Index 206.66 -2.0%
  

• iBoxx Offshore RMB China Corporate High Yield Index 151.18 -.11%

• 2-Year Swap Spread 17.75 -.25 basis point

• TED Spread 20.0 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -14.0 -1.5 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.0 -.23%
• 3-Month T-Bill Yield 2.15% +1.0 basis point

• Yield Curve 21.0 -.25 basis point

• China Iron Ore Spot 68.92 USD/Metric Tonne +.39%

• Citi US Economic Surprise Index -8.5 +1.6 points

• Citi Eurozone Economic Surprise Index -13.60 -.6 point

• Citi Emerging Markets Economic Surprise Index -10.60 -2.9 points

• 10-Year TIPS Spread 2.11 +1.0 basis point
• 97.6% chance of Fed rate hike at Nov. 8th meeting, 99.4% chance at Dec. 19th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +16 open in Japan 
• China A50 Futures: Indicating -109 open in China

• DAX Futures: Indicating -17 open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth -.2%

Sector Underperformers:

• 1) Tobacco -1.1% 2) REITs -.9% 3) Utilities -.8%

Stocks Falling on Unusual Volume: 

• NI, PGTI, VVV, WAB, TNDM, DDR and NVRO

Stocks With Unusual Put Option Activity:

• 1) DVMT 2) FIT 3) FTV 4) TBT 5) MDLZ

Stocks With Most Negative News Mentions:

• 1) VVV 2) NI 3) UPL 4) FIZZ 5) TNDM

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +.3%

Sector Outperformers:

• 1) I-Banks +1.3% 2) Steel +1.2% 3) Insurance +.9%

Stocks Rising on Unusual Volume:

• UBX, BLBD, PLAY, RLGY, CIFS, AIMC, PI, CGC, SHPG, IGV, AVAV, CDLX, MASI, ESL, WCG, ZLAB, NVTA, ADBE, PRQR, RGNX, BRC, HDP, MPWR, CNXN, AMD, OI, KEX, DNLI and LBRT

Stocks With Unusual Call Option Activity:

• 1) IEF 2) OLN 3) EXTR 4) RSX 5) BAX

Stocks With Most Positive News Mentions:

• 1) LB 2) ADBE 3) AMD 4) PLAY 5) RLGY

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -.3% Below 100-Day Average
• 7 Sectors Rising, 4 Sectors Declining
• 48.1% of Issues Advancing, 48.1% Declining
• 82 New 52-Week Highs, 51 New Lows
• 51.2% of Issues Above 200-day Moving Average
• Average 14-Day RSI 47.5%
• Vix 12.1 -2.3%
• Total Put/Call .78 -7.1%
• TRIN/Arms .63 -41.4%