Weekly Scoreboard*

S&P 500 2,665.30 +1.23%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 24,732.20 +1.71%

• NASDAQ 7,160.84 +1.1%

• Russell 2000 1,482.74 +1.0%

• S&P 500 High Beta 39.64 +2.66%

• Goldman 50 Most Shorted 152.32 +.77%

• Wilshire 5000 27,501.70 +1.21%

• Russell 1000 Growth 1,407.10 +1.33%

• Russell 1000 Value 1,163.11 +1.21%

• S&P 500 Consumer Staples 531.13 +.01%

• MSCI Cyclicals-Defensives Spread 1,017.19 +.32%
  

• NYSE Technology 1,717.89 +2.65%

• Transports 9,930.24 +1.70%

• Utilities 709.80 +1.12%

• Bloomberg European Bank/Financial Services 77.88 +.5%

• MSCI Emerging Markets 41.86 +2.22%

• HFRX Equity Hedge 1,186.37 -.67%

• HFRX Equity Market Neutral 973.01 +.22%

Sentiment/Internals

• NYSE Cumulative A/D Line 325,143 +.41%

• Bloomberg New Highs-Lows Index -51 -19

• Bloomberg Crude Oil % Bulls 37.93 +13.8%

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

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

• Total Put/Call .73 -19.3%

• OEX Put/Call .90 +48.0%

• ISE Sentiment 159.0 +198.40%

• NYSE Arms .88 +3.30%

• Volatility(VIX) 17.63 -2.33%

• S&P 500 Implied Correlation 46.23 -.37%

• G7 Currency Volatility (VXY) 7.43 -3.22%

• Emerging Markets Currency Volatility (EM-VXY) 8.97 -1.84%

• Smart Money Flow Index 12,934.52 +.19%

• ICI Money Mkt Mutual Fund Assets $3.052 Trillion +.08%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows +$6.630 Billion(not updated)

• AAII % Bulls 37.7 +12.3%

• AAII % Bears 32.3 -10.8%

Futures Spot Prices

• CRB Index 180.68 +.11%

• Crude Oil 53.67 +2.7%

• Reformulated Gasoline 138.82 -2.27%

• Natural Gas 3.19 -7.03%

• Heating Oil 189.07 +.38%

• Gold 1,297.70 +.52%

• Bloomberg Base Metals Index 178.29 +.01%

• Copper 272.70 +.67%

• US No. 1 Heavy Melt Scrap Steel 285.0 USD/Metric Tonne unch.

• China Iron Ore Spot 78.03 USD/Metric Tonne +5.6%

• Lumber 380.50 +7.79%

• UBS-Bloomberg Agriculture 939.21 -.25%

Economy

• Atlanta Fed GDPNow Forecast +2.79% unch.

• ECRI Weekly Leading Economic Index Growth Rate -5.3% +90.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .3303 -3.19%

• US Economic Policy Uncertainty Index 176.25 +.58%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 171.46 -.21%

• Citi US Economic Surprise Index 2.30 +9.2 points

• Citi Eurozone Economic Surprise Index -88.0 -6.3 points

• Citi Emerging Markets Economic Surprise Index -12.4 +4.4 points

• Fed Fund Futures imply 99.5% chance of no change, .5% chance of 25 basis point hike on 1/30

• US Dollar Index 95.86 -.52%

• MSCI Emerging Markets Currency Index 1,633.73 -.15%

• Bitcoin/USD 3,539.99 -1.66%

• Euro/Yen Carry Return Index 130.08 +.18%

• Yield Curve 15.25 -2.25 basis points
  

• 10-Year US Treasury Yield 2.75% -3.0 basis points

• Federal Reserve's Balance Sheet $4.001 Trillion -.08%

• U.S. Sovereign Debt Credit Default Swap 22.45 +.32%

• Illinois Municipal Debt Credit Default Swap 201.15 -.03%

• Italian/German 10Y Yld Spread 245.5 -1.25 basis points

• China Sovereign Debt Credit Default Swap 58.53 -2.14%
  

• Emerging Markets Sovereign Debt CDS Index 58.15 -11.1%
  

• Israel Sovereign Debt Credit Default Swap 64.2 +.04%

• South Korea Sovereign Debt Credit Default Swap 34.25 +1.84%

• Russia Sovereign Debt Credit Default Swap 130.77 -4.56%

• iBoxx Offshore RMB China Corporate High Yield Index 155.13 +.61%

• 10-Year TIPS Spread 1.79% -3.0 basis points

• TED Spread 41.25 +3.0 basis points

• 2-Year Swap Spread 14.5 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -2.5 -1.0 basis point

• N. America Investment Grade Credit Default Swap Index 72.29 -.27%

• America Energy Sector High-Yield Credit Default Swap Index 728.0 +1.31%

• European Financial Sector Credit Default Swap Index 90.04 -4.77%
  

• Emerging Markets Credit Default Swap Index 176.21 -1.76%
  

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

• M1 Money Supply $3.770 Trillion +.86%

• Commercial Paper Outstanding 1,068.60 +.30%

• 4-Week Moving Average of Jobless Claims 215,000 -5,750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.45% unch.

• Weekly Mortgage Applications 400.60 -2.72%

• Bloomberg Consumer Comfort 57.4 -.7 point

• Weekly Retail Sales +6.80% +10.0 basis points

• Nationwide Gas $2.27/gallon +.03/gallon

• Baltic Dry Index 939.0 -15.56%

• China (Export) Containerized Freight Index 880.25 +1.0%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 unch.

• Rail Freight Carloads 284,278 -1.6%

Best Performing Style

• Mid-Cap Growth +2.5%

Worst Performing Style

• Small-Cap Growth +1.0%

Leading Sectors

• Disk Drives +7.0%

• Computer Hardware +6.0%

• Semis +6.0%

• Paper +5.8%

• Computer Services +5.5%

Lagging Sectors

• Telecom -.7% 

• Biotech -1.0%

• Foods -1.3%

• Shipping -1.8%

• Drugs -2.1%

Weekly High-Volume Stock Gainers (15)

• OSTK, MU, DLX, HRC, WDC, SIVB, SQ, AAL, FHB, NVCR, XLNX and SE

Weekly High-Volume Stock Losers (2)

• WAB and CORT

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Rising into Final Hour on China Trade Deal Hopes, Diminishing Govt. Shutdown Worries, Less European/Emerging Markets/US High-Yield Debt Angst, Technology/Energy Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Around Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 17.8 -5.8%

• Euro/Yen Carry Return Index 130.0 +.89%

• Emerging Markets Currency Volatility(VXY) 8.97 -.99%

• S&P 500 Implied Correlation 47.13 +2.48%

• ISE Sentiment Index 158.0 +59.6%
  

• Total Put/Call .72 -26.5%

• NYSE Arms .91 -20.9%

Credit Investor Angst:

• North American Investment Grade CDS Index 72.42 -2.36%
  

• America Energy Sector High-Yield CDS Index 727.0 -.57%

• European Financial Sector CDS Index 89.16 -3.64%

• Italian/German 10Y Yld Spread 245.50 -2.5 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 83.87 -2.14%
  

• Emerging Market CDS Index 176.25 -1.45%
  

• iBoxx Offshore RMB China Corporate High Yield Index 155.13 +.08%

• 2-Year Swap Spread 14.50 -.5 basis point

• TED Spread 41.25 +3.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -2.75 -.75 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 68.17 +.45%
• 3-Month T-Bill Yield 2.37% +1.0 basis point

• Yield Curve 15.5 +.25 basis point

• China Iron Ore Spot 78.03 USD/Metric Tonne +4.89%

• Citi US Economic Surprise Index 2.30 +.5 point

• Citi Eurozone Economic Surprise Index -88.0 -5.0 points

• Citi Emerging Markets Economic Surprise Index -12.4 -.5 point

• 10-Year TIPS Spread 1.79 +1.0 basis point
• 4.3% chance of Fed rate hike at March 20th meeting, 10.2% chance at May 1st meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +76 open in Japan 
• China A50 Futures: Indicating +82 open in China

• DAX Futures: Indicating -17 open in Germany

Portfolio: 

• Higher: On gains in my tech/retail/industrial/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 +.7%

Sector Underperformers:

• 1) Utilities -.9% 2) Drugs -.3% 3) Foods -.2%

Stocks Falling on Unusual Volume: 

• VALE, RMD, ABBV, INTC, CORT, ALK, PZZA, HTH and PCG

Stocks With Unusual Put Option Activity:

• 1) FL 2) AET 3) ETFC 4) RLGY 5) LEN

Stocks With Most Negative News Mentions:

• 1) RMD 2) PCG 3) DF 4) CORT 5) DNKN

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth +1.4%

Sector Outperformers:

• 1) Gold & Silver +3.9% 2) Disk Drives +3.6% 3) Computer Hardware +3.2%

Stocks Rising on Unusual Volume:

• IEFA, ESGD, BLMT, ESGE, WDC, OSIS, NCNA, OSTK, PHI, EFV, BDXA, PCG, AIT, MRVL, STX, JKS, PFBC, AGYS, SMAR, HRC, DLX, RYAAY, HUYA, ITRI, LRCX, OSTK, DLX, MU, HRC, MXL, CCXI, NVCR, ABCB, FHB, AAL, BGG and SE

Stocks With Unusual Call Option Activity:

• 1) CL 2) GIS 3) IYR 4) YELP 5) LUV

Stocks With Most Positive News Mentions:

• 1) WDC 2) MOG/A 3) AMD 4) BA 5) LEA

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +4.1% 100-Day Average
• 10 Sectors Rising, 1 Sector Declining
• 80.6% of Issues Advancing, 17.2% Declining
• 40 New 52-Week Highs, 4 New Lows
• 28.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 52.4%
• Vix 17.8 -5.6%
• Total Put/Call .74 -24.5%
• TRIN/Arms .75 -33.9%