Weekly Scoreboard*

S&P 500 2,526.17 +1.44%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,416.30 +1.19%

• NASDAQ 6,728.25 +2.20%

• Russell 2000 1,378.80 +3.50%

• S&P 500 High Beta 35.93 +2.28%

• Goldman 50 Most Shorted 138.23 +3.12%

• Wilshire 5000 25,966.60 +1.82%

• Russell 1000 Growth 1,320.24 +1.32%

• Russell 1000 Value 1,104.21 +1.66%

• S&P 500 Consumer Staples 524.84 +.99%

• MSCI Cyclicals-Defensives Spread 1,009.08 -.43%
  

• NYSE Technology 1,580.0 +1.62%

• Transports 9,207.95 +.70%

• Utilities 710.50 -.08%

• Bloomberg European Bank/Financial Services 74.13 +5.8%

• MSCI Emerging Markets 39.20 +1.37%

• HFRX Equity Hedge 1,155.61 +.74%

• HFRX Equity Market Neutral 972.81 +.34%

Sentiment/Internals

• NYSE Cumulative A/D Line 311,403 +1.12%

• Bloomberg New Highs-Lows Index -261 +746

• Bloomberg Crude Oil % Bulls 55.81 +97.8%

• CFTC Oil Net Speculative Position 309,608 n/a

• CFTC Oil Total Open Interest 2,063,376 n/a

• Total Put/Call .88 +41.5%

• OEX Put/Call 1.01 +160.40%

• ISE Sentiment 131.0 -18.9%

• NYSE Arms .54 +16.4%

• Volatility(VIX) 21.96 -21.3%

• S&P 500 Implied Correlation 50.12 -.1%

• G7 Currency Volatility (VXY) 8.82 +4.21%

• Emerging Markets Currency Volatility (EM-VXY) 9.61 +2.88%

• Smart Money Flow Index 11,769.30 -1.12%

• ICI Money Mkt Mutual Fund Assets $3.047 Trillion n/a

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$11.731 Billion

• AAII % Bulls 33.0 +4.7%

• AAII % Bears 42.8 -15.0%

Futures Spot Prices

• CRB Index 173.35 +1.37%

• Crude Oil 48.13 +6.96%

• Reformulated Gasoline 135.49 +6.81%

• Natural Gas 3.03 -17.60%

• Heating Oil 177.60 +5.64%

• Gold 1,286.0 +.35%

• Bloomberg Base Metals Index 174.40 -1.66%

• Copper 264.50 -2.74%

• US No. 1 Heavy Melt Scrap Steel 280.0 USD/Metric Tonne -4.44%

• China Iron Ore Spot 71.68 USD/Metric Tonne +3.18%

• Lumber 329.30 -1.02%

• UBS-Bloomberg Agriculture 926.39 +.63%

Economy

• Atlanta Fed GDPNow Forecast +2.59% -12.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -5.3% -90.0 basis points
• Bloomberg US Recession Probability Next 12 Months 20.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .0790 -8.67%

• US Economic Policy Uncertainty Index 109.58 -46.0%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 173.22 -.12%

• Citi US Economic Surprise Index -11.60 +6.3 points

• Citi Eurozone Economic Surprise Index -75.10 -1.8 points

• Citi Emerging Markets Economic Surprise Index -14.0 -11.1 points

• Fed Fund Futures imply 99.5% chance of no change, 0.0% chance of 25 basis point hike on 1/30

• US Dollar Index 96.14 unch.

• MSCI Emerging Markets Currency Index 1,615.27 +.41%

• Bitcoin/USD 3,757.0 -3.75%

• Euro/Yen Carry Return Index 128.53 -2.38%

• Yield Curve 17.25 -2.25 basis points
  

• 10-Year US Treasury Yield 2.66% -5.0 basis points

• Federal Reserve's Balance Sheet $4.019 Trillion -.43%

• U.S. Sovereign Debt Credit Default Swap 20.24 -11.9%

• Illinois Municipal Debt Credit Default Swap 201.30 -.03%

• Italian/German 10Y Yld Spread 269.0 +19.0 basis points

• Asia Pacific Sovereign Debt Credit Default Swap Index 11.62 n/a
  

• Emerging Markets Sovereign Debt CDS Index 78.09 +2.19%
  

• Israel Sovereign Debt Credit Default Swap 66.98 -1.0%

• South Korea Sovereign Debt Credit Default Swap 39.39 +2.69%

• Russia Sovereign Debt Credit Default Swap 153.35 -.04%

• iBoxx Offshore RMB China Corporate High Yield Index 152.73 +1.37%

• 10-Year TIPS Spread 1.76% +3.0 basis points

• TED Spread 39.5 -3.75 basis points

• 2-Year Swap Spread 15.5 +1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap 1.5 unch.

• N. America Investment Grade Credit Default Swap Index 84.55 -1.94%

• America Energy Sector High-Yield Credit Default Swap Index 816.0 +1.52%

• European Financial Sector Credit Default Swap Index 113.74 +1.55%
  

• Emerging Markets Credit Default Swap Index 196.34 -3.36%
  

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

• M1 Money Supply $3.736 Trillion n/a

• Commercial Paper Outstanding 1,046.0 -.90%

• 4-Week Moving Average of Jobless Claims 218,750 +750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.51% -4.0 basis points

• Weekly Mortgage Applications 293.80 -8.53%

• Bloomberg Consumer Comfort 59.6 +.2 point

• Weekly Retail Sales +7.70% +50.0 basis points

• Nationwide Gas $2.25/gallon -.04/gallon

• Baltic Dry Index 1,267.0 -3.87%

• China (Export) Containerized Freight Index 841.78 +.83%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.5 -15.4%

• Rail Freight Carloads 201,343 -30.6%

Best Performing Style

• Small-Cap Value +1.9%

Worst Performing Style

• Large-Cap Growth -.7%

Leading Sectors

• Oil Service +8.2%

• Gaming +5.6%

• Biotech +5.5%

• Steel +4.3%

• Banks +3.7%

Lagging Sectors

• Semis -1.8% 

• Computer Hardware -2.2%

• Video Gaming -2.2%

• Medical Equipment -2.4%

• Disk Drives -3.4%

Weekly High-Volume Stock Gainers (14)

• GME, NFLX, WLL, ENLC, ATRC, CELG, HES, CHTR, DRNA, BPT, FLXN, TILE, THS and USAC

Weekly High-Volume Stock Losers (2)

• RPM and AVNS

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Soaring into Final Hour on China Trade Deal/Stimulus Hopes, US Economic Optimism, More Dovish Fed Commentary, Biotech/Tech Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Above Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 22.5 -11.9%

• Euro/Yen Carry Return Index 128.56 +.81%

• Emerging Markets Currency Volatility(VXY) 9.61 -3.9%

• S&P 500 Implied Correlation 50.42 -3.56%

• ISE Sentiment Index 125.0 +45.4%
  

• Total Put/Call .90 -32.3%

• NYSE Arms .54 -64.24%

Credit Investor Angst:

• North American Investment Grade CDS Index 84.84 -5.15%
  

• America Energy Sector High-Yield CDS Index 821.0 +3.5%

• European Financial Sector CDS Index 112.69 -4.16%

• Italian/German 10Y Yld Spread 269.0 -10.75 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 97.77 -1.4%

• Emerging Market CDS Index 196.11 -5.5%
  

• iBoxx Offshore RMB China Corporate High Yield Index 152.73 +.44%

• 2-Year Swap Spread 15.5 -.25 basis point

• TED Spread 39.5 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap 1.5 +1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 67.70 +1.13%

• 3-Month T-Bill Yield 2.41% unch.

• Yield Curve 17.0 -.25 basis point

• China Iron Ore Spot 71.68 USD/Metric Tonne +.08%

• Citi US Economic Surprise Index -11.6 +13.4 points

• Citi Eurozone Economic Surprise Index -75.1 -4.0 points

• Citi Emerging Markets Economic Surprise Index -14.0 -1.3 points

• 10-Year TIPS Spread 1.76 +7.0 basis points

• 0.0% chance of Fed rate hike at March 20th meeting, 0.0% chance at May 1st meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +673 open in Japan 

• China A50 Futures: Indicating +157 open in China

• DAX Futures: Indicating +33 open in Germany

Portfolio: 

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

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my emerging market shorts

• Market Exposure: Moved to 75% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Value +3.1%

Sector Underperformers:

• 1) Gold & Silver unch. 2) REITs +1.4% 3) Foods +1.7%

Stocks Falling on Unusual Volume: 

• ESPR and PCRX

Stocks With Unusual Put Option Activity:

• 1) SIRI 2) AET 3) GPRO 4) HAL 5) AFL

Stocks With Most Negative News Mentions:

• 1) FTNT 2) MNTA 3) RES 4) FTSI 5) COP

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +4.2%

Sector Outperformers:

• 1) Steel +6.9% 2) Internet +5.4% 3) Biotech +5.4%

Stocks Rising on Unusual Volume:

• IEFA, NOBL, USMV, EFAV, RECN, EFV, CELG, BMY, TAK, PLOW, GME, IGV, CAPL, ATRC, ECH, GEF, MD, RARE, SHPG, GOOS, EFG, CHTR, PHG, VALE, LXFR, SQ, GME, MAT, ROKU, ATRA, BPT, ATRC, CELG, FUN, MD, FLXN, SCWX, DRNA, HIW and TILE

Stocks With Unusual Call Option Activity:

• 1) SGMS 2) JNK 3) BMY 4) AFL 5) HAL

Stocks With Most Positive News Mentions:

• 1) TWTR 2) MAR 3) TXN 4) SWKS 5) SWN

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +17.0% Above 100-Day Average
• 11 Sectors Rising, 0 Sectors Declining
• 88.4% of Issues Advancing, 10.4% Declining
• 5 New 52-Week Highs, 9 New Lows
• 12.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 41.0%
• Vix 22.7 -10.8%
• Total Put/Call .99 -25.6%
• TRIN/Arms .51 -66.2%