Weekly Scoreboard*

S&P 500 2,715.82 +2.26%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,232.20 +2.06%

• NASDAQ 7,354.43 +2.39%

• Russell 2000 1,544.99 +4.08%

• S&P 500 High Beta 40.13 +5.83%

• Goldman 50 Most Shorted 156.71 +5.83%

• Wilshire 5000 28,117.20 +2.46%

• Russell 1000 Growth 1,433.10 +2.08%

• Russell 1000 Value 1,186.32 +2.76%

• S&P 500 Consumer Staples 566.54 +1.91%

• MSCI Cyclicals-Defensives Spread 1,025.37 +1.13%
  

• NYSE Technology 1,718.72 +2.81%

• Transports 10,360.50 +3.92%

• Utilities 722.40 -.98%

• Bloomberg European Bank/Financial Services 80.57 +5.3%

• MSCI Emerging Markets 40.94 +5.73%

• HFRX Equity Hedge 1,209.58 +1.56%

• HFRX Equity Market Neutral 992.20 +.07%

Sentiment/Internals

• NYSE Cumulative A/D Line 321,321 +.52%

• Bloomberg New Highs-Lows Index -265 +694

• Bloomberg Crude Oil % Bulls 26.09 -1.44%

• CFTC Oil Net Speculative Position 455,278 -7.69%

• CFTC Oil Total Open Interest 2,131,494 -3.9%

• Total Put/Call .94 -32.82%

• OEX Put/Call .73 +206.60%

• ISE Sentiment 108.0 +25.3%

• NYSE Arms 1.34 +41.8%

• Volatility(VIX) 20.90 -13.7%

• S&P 500 Implied Correlation 45.10 +4.1%

• G7 Currency Volatility (VXY) 7.60 -3.15%

• Emerging Markets Currency Volatility (EM-VXY) 10.20 +1.1%

• Smart Money Flow Index 13,503.84 -1.16%

• ICI Money Mkt Mutual Fund Assets $2.882 Trillion +.34%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows +$4.012 Billion

• AAII % Bulls 37.9 +35.6%

• AAII % Bears 34.5 -15.9%

Futures Spot Prices

• CRB Index 192.40 -1.84%

• Crude Oil 63.20 -6.71%

• Reformulated Gasoline 171.27 -5.77%

• Natural Gas 3.30 +1.12%

• Heating Oil 217.57 -5.78%

• Gold 1,233.64 -.16%

• Bloomberg Base Metals Index 184.29 +.69%

• Copper 279.85 +1.89%

• US No. 1 Heavy Melt Scrap Steel 340.50 USD/Metric Tonne +1.95%

• China Iron Ore Spot 70.84 USD/Metric Tonne -3.34%

• Lumber 341.0 +10.0%

• UBS-Bloomberg Agriculture 956.78 +.01%

Economy

• Atlanta Fed GDPNow Forecast +2.96% -59.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -1.4% -100.0 basis points
• Bloomberg US Recession Probability Next 12 Months 15.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.0290 +12.4%

• US Economic Policy Uncertainty Index 72.33 -46.4%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 174.48 -.02%

• Citi US Economic Surprise Index 6.1 +9.6 points

• Citi Eurozone Economic Surprise Index -56.70 -14.4 points

• Citi Emerging Markets Economic Surprise Index -9.9 -3.8 points

• Fed Fund Futures imply 89.4% chance of no change, 10.6% chance of 25 basis point hike on 11/8

• US Dollar Index 96.55 +.22%

• MSCI Emerging Markets Currency Index 1,591.29 +.08%

• Bitcoin/USD 6,357.54 -.78%

• Euro/Yen Carry Return Index 133.98 +.88%

• Yield Curve 30.5 +3.25 basis points
  

• 10-Year US Treasury Yield 3.20% +12.0 basis points

• Federal Reserve's Balance Sheet $4.100 Trillion -.82%

• U.S. Sovereign Debt Credit Default Swap 20.97 +4.33%

• Illinois Municipal Debt Credit Default Swap 206.43 -.03%

• Italian/German 10Y Yld Spread 289.5 -20.25 basis points

• Asia Pacific Sovereign Debt Credit Default Swap Index 9.91 -3.22%
  

• Emerging Markets Sovereign Debt CDS Index 89.80 -7.28%
  

• Israel Sovereign Debt Credit Default Swap 69.53 -.14%

• South Korea Sovereign Debt Credit Default Swap 40.56 -.27%

• Russia Sovereign Debt Credit Default Swap 144.15 -3.19%

• iBoxx Offshore RMB China Corporate High Yield Index 147.46 -1.83%

• 10-Year TIPS Spread 2.05% -2.0 basis points

• TED Spread 24.75 +5.5 basis points

• 2-Year Swap Spread 20.5 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -37.25 +9.0 basis points

• N. America Investment Grade Credit Default Swap Index 66.49 -5.07%

• America Energy Sector High-Yield Credit Default Swap Index 531.0 +10.22%

• European Financial Sector Credit Default Swap Index 87.10 -8.4%
  

• Emerging Markets Credit Default Swap Index 193.87 -4.62%
  

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

• M1 Money Supply $3.773 Trillion +.84%

• Commercial Paper Outstanding 1,087.20 -.1%

• 4-Week Moving Average of Jobless Claims 213,750 +2,000

• Continuing Claims Unemployment Rate 1.1% unch.
  

• Average 30-Year Mortgage Rate 4.83% -3.0 basis points

• Weekly Mortgage Applications 329.50 -2.46%

• Bloomberg Consumer Comfort 60.3 +.2 point

• Weekly Retail Sales +5.70% +10.0 basis points

• Nationwide Gas $2.78/gallon -.06/gallon

• Baltic Dry Index 1,470.0 -3.23%

• China (Export) Containerized Freight Index 844.59 +1.85%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 42.50 +30.8%

• Rail Freight Carloads 294,269 +1.71%

Best Performing Style

• Small-Cap Growth +4.6%

Worst Performing Style

• Large-Cap Growth +1.9%

Leading Sectors

• Computer Hardware +8.8%

• Gaming +8.2%

• Robotics +7.9%

• Disk Drives +7.7%

• Video Gaming +7.4%

Lagging Sectors

• Coal -1.2% 

• Utilities -1.3%

• Tobacco -1.7%

• Computer Services -2.0%

• Oil Service -2.7%

Weekly High-Volume Stock Gainers (38)

• EXEL, VRSN, CATM, ARCB, ESPR, NWL, BNFT, ITT, FATE, RVNC, AKCA, ENSG, VCYT, BLDR, MTZ, ANET, ALEX, BEAT, CRUS, VST, ARW, EOLS, PMT, SSYS, DNOW, TDOC, EVTC, AJRD, RGEN, ICPT, ILMN, ATGE, LKSD, MSI, HZO, FORM, LNC and HRC

Weekly High-Volume Stock Losers (13)

• AMAG, EOG, WLL, SM, GIS, CRC, NFG, AMH, VG, WIFI, MDRX, ADMS and PBYI

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Lower into Final Hour on Fed Rate-Hike Fears, Trade War Worries, Election Uncertainty, Tech/Homebuilding Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Most Sectors Declining
  

• Volume: Heavy

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 20.99 +8.5%

• Euro/Yen Carry Return Index 133.99 +.20%

• Emerging Markets Currency Volatility(VXY) 10.20 +.89%

• S&P 500 Implied Correlation 45.325 +8.39%

• ISE Sentiment Index 109.0 +12.37%
  

• Total Put/Call .94 +13.25%

• NYSE Arms 1.35 +11.6%

Credit Investor Angst:

• North American Investment Grade CDS Index 66.45 -1.15%
  

• America Energy Sector High-Yield CDS Index 532.0 +2.01%

• European Financial Sector CDS Index 87.18 -2.30%

• Italian/German 10Y Yld Spread 289.25 -9.0 basis points
  

• Asia Pacific Sovereign Debt CDS Index 9.91 -4.53%

• Emerging Market CDS Index 193.85 -3.01%
  

• iBoxx Offshore RMB China Corporate High Yield Index 147.46 -1.39%

• 2-Year Swap Spread 20.5 -.25 basis point

• TED Spread 24.75 +2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -37.25 +3.5 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.97 +.41%

• 3-Month T-Bill Yield 2.31% -1.0 basis point

• Yield Curve 30.50 +1.5 basis points

• China Iron Ore Spot 70.84 USD/Metric Tonne +.07%

• Citi US Economic Surprise Index 6.1 +5.9 points

• Citi Eurozone Economic Surprise Index -56.7 +.4 point

• Citi Emerging Markets Economic Surprise Index -9.90 +2.7 points

• 10-Year TIPS Spread 2.05 +2.0 basis points

• 74.6% chance of Fed rate hike at Dec. 19th meeting, 75.6% chance at Jan. 30th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -353 open in Japan 

• China A50 Futures: Indicating -115 open in China

• DAX Futures: Indicating -20 open in Germany

Portfolio: 

• Slightly Lower: On losses in my tech/industrial sector longs

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my emerging market shorts

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth -1.2%

Sector Underperformers:

• 1) Foods -2.5% 2) Semis -2.2% 3) Homebuilders -2.0%

Stocks Falling on Unusual Volume: 

• PBYI, CARB, MDRX, WTW, AXL, OLED, ADMS, SEDG, CTRL, SHAK, WIFI, BL, NFX, CPS, EAF, SYF, ASIX, RLGY, AMED, EOG, PCRX, CRC, SRCL, AMH, GIS, SM, LITE, NFG, OSK, AAPL, NVCR, BL, FTNT, TEX, VG, MDRX, OLED and WTW

Stocks With Unusual Put Option Activity:

• 1) AXL 2) ESRX 3) NWL 4) EWH 5) MAR

Stocks With Most Negative News Mentions:

• 1) MDRX 2) CARB 3) PBYI 4) ADVM 5) NFX

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth unch.

Sector Outperformers:

• 1) Robotics +2.1% 2) Video Gaming +2.0% 3) Restaurants +1.7%

Stocks Rising on Unusual Volume:

• BNFT, LOCO, HMSY, MTZ, VRSN, ACIA, EXEL, HLNE, SBUX, CATM, SEM, VST, ENSG, NWL, BDC, FORM, ALEX, AOSL, ITT, FATE, TRUP, ANET, AKCA, BLDR, SYMC, VST, ARW, ALEX, PMT, RGEN, BEAT, TDOC, SSYS, HZO, EVTC, RP and MSI

Stocks With Unusual Call Option Activity:

• 1) AVEO 2) VST 3) WTW 4) DE 5) VMC

Stocks With Most Positive News Mentions:

• 1) VRSN 2) ANET 3) NWL 4) ITT 5) ILMN

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +38.8% Above 100-Day Average
• 4 Sectors Rising, 7 Sector Declining
• 51.2% of Issues Advancing, 45.8% Declining
• 24 New 52-Week Highs, 35 New Lows
• 28.7% of Issues Above 200-day Moving Average
• Average 14-Day RSI 43.8%
• Vix 20.2 +4.3%
• Total Put/Call .87 +4.8%
• TRIN/Arms 1.20 -1.7%