Weekly Scoreboard*

S&P 500 2,702.62 +1.37%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,000.72 +1.16%

• NASDAQ 7,248.0 +1.26%

• Russell 2000 1,499.84 +1.08%

• S&P 500 High Beta 39.97 +.91%

• Goldman 50 Most Shorted 151.36 -.49%

• Wilshire 5000 27,865.10 +1.44%

• Russell 1000 Growth 1,429.32 +1.50%

• Russell 1000 Value 1,178.89 +1.40%

• S&P 500 Consumer Staples 545.19 +2.75%

• MSCI Cyclicals-Defensives Spread 1,036.65 -.85%
  

• NYSE Technology 1,738.43 +1.17%

• Transports 10,112.80 +2.05%

• Utilities 720.55 +1.86%

• Bloomberg European Bank/Financial Services 75.18 -3.56%

• MSCI Emerging Markets 42.56 +1.60%

• HFRX Equity Hedge 1,194.19 +.10%

• HFRX Equity Market Neutral 973.77 +.49%

Sentiment/Internals

• NYSE Cumulative A/D Line 331,286 +1.89%

• Bloomberg New Highs-Lows Index 163 +214

• Bloomberg Crude Oil % Bulls 58.33 +53.8%

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

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

• Total Put/Call 1.01 +18.8%

• OEX Put/Call .79 -61.7%

• ISE Sentiment 68.0 -50.4%

• NYSE Arms 1.06 +28.7%

• Volatility(VIX) 16.44 -5.17%

• S&P 500 Implied Correlation 43.51 -5.45%

• G7 Currency Volatility (VXY) 7.36 -.94%

• Emerging Markets Currency Volatility (EM-VXY) 8.87 -1.11%

• Smart Money Flow Index 13,311.82 +2.92%

• ICI Money Mkt Mutual Fund Assets $3.038 Trillion -.44%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$.571 Billion

• AAII % Bulls 31.8 -15.7%

• AAII % Bears 31.8 -1.7%

Futures Spot Prices

• CRB Index 180.56 -.23%

• Crude Oil 55.22 +3.21%

• Reformulated Gasoline 143.72 +2.30%

• Natural Gas 2.74 -13.80%

• Heating Oil 191.15 +1.20%

• Gold 1,322.20 +1.50%

• Bloomberg Base Metals Index 182.64 +2.44%

• Copper 276.90 +1.30%

• US No. 1 Heavy Melt Scrap Steel 289.30 USD/Metric Tonne +1.51%

• China Iron Ore Spot 84.0 USD/Metric Tonne +8.56%

• Lumber 419.20 +9.71%

• UBS-Bloomberg Agriculture 935.13 -.46%

Economy

• Atlanta Fed GDPNow Forecast +2.70% -9.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -4.3% +100.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .1066 -2.74%

• US Economic Policy Uncertainty Index 126.17 -42.6%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 171.36 -.06%

• Citi US Economic Surprise Index 27.30 +25.0 points

• Citi Eurozone Economic Surprise Index -77.30 +10.7 points

• Citi Emerging Markets Economic Surprise Index -12.1 +.3 point

• Fed Fund Futures imply 98.1% chance of no change, 1.9% chance of 25 basis point hike on 3/20

• US Dollar Index 95.55 -.27%

• MSCI Emerging Markets Currency Index 1,656.34 +1.07%

• Bitcoin/USD 3,437.95 -3.45%

• Euro/Yen Carry Return Index 130.53 +.49%

• Yield Curve 17.5 +2.25 basis points
  

• 10-Year US Treasury Yield 2.69% -6.0 basis points

• Federal Reserve's Balance Sheet $3.999 Trillion -.20%

• U.S. Sovereign Debt Credit Default Swap 20.79 -7.39%

• Illinois Municipal Debt Credit Default Swap 295.01 -3.05%

• Italian/German 10Y Yld Spread 258.25 +12.75 basis points

• China Sovereign Debt Credit Default Swap 53.92 -7.87%
  

• Emerging Markets Sovereign Debt CDS Index 52.62 -9.51%
  

• Israel Sovereign Debt Credit Default Swap 62.83 -2.1%

• South Korea Sovereign Debt Credit Default Swap 33.21 -2.56%

• Russia Sovereign Debt Credit Default Swap 135.62 +4.05%

• iBoxx Offshore RMB China Corporate High Yield Index 156.10 +.62%

• 10-Year TIPS Spread 1.88% +9.0 basis points

• TED Spread 35.5 -6.25 basis points

• 2-Year Swap Spread 14.25 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -6.5 -4.0 basis points

• N. America Investment Grade Credit Default Swap Index 66.89 -8.14%

• America Energy Sector High-Yield Credit Default Swap Index 654.0 -9.78%

• European Financial Sector Credit Default Swap Index 86.32 -4.51%
  

• Emerging Markets Credit Default Swap Index 171.19 -3.20%
  

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

• M1 Money Supply $3.812 Trillion +1.1%

• Commercial Paper Outstanding 1,078.50 +.90%

• 4-Week Moving Average of Jobless Claims 220,250 +5,250

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.46% +1.0 basis point

• Weekly Mortgage Applications 388.70 -2.97%

• Bloomberg Consumer Comfort 57.4 unch.

• Weekly Retail Sales +6.50% -30.0 basis points

• Nationwide Gas $2.26/gallon -.01/gallon

• Baltic Dry Index 668.0 -26.2%

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

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 -10.0 basis points

• Rail Freight Carloads 273,089 -3.94%

Best Performing Style

• Mid-Cap Growth +2.0%

Worst Performing Style

• Small-Cap Value +1.1%

Leading Sectors

• Tobacco +9.4%

• Gold & Silver +6.1%

• Homebuilders +5.1%

• Gaming +4.5%

• Airlines +4.0%

Lagging Sectors

• Shipping -1.6% 

• Education -1.6%

• Retail -1.7%

• Construction -1.8%

• Steel -7.8%

Weekly High-Volume Stock Gainers (21)

• PFPT, DECK, ENVA, LPLA, SF, SYMC, SE, CY, FMC, ZBH, BAH, POST, SKYW, ALGT, SPR, COUP, ON, FBC, BRY, NOV and SCWX

Weekly High-Volume Stock Losers (5)

• ARCB, TUP, CNX, PZZA and SITE

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Afternoon on Profit-Taking, European Debt Angst, Technical Selling, Alt Energy/REIT Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Mixed
  

• Volume: Around Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 16.42 -.91%

• Euro/Yen Carry Return Index 130.45 +.72%

• Emerging Markets Currency Volatility(VXY) 8.87 +.23%

• S&P 500 Implied Correlation 43.64 +.61%

• ISE Sentiment Index 70.0 -48.91%
  

• Total Put/Call .94 +10.59%

• NYSE Arms 1.01 -24.6%

Credit Investor Angst:

• North American Investment Grade CDS Index 66.92 +.36%
  

• America Energy Sector High-Yield CDS Index 654.0 -3.4%

• European Financial Sector CDS Index 86.42 +2.49%

• Italian/German 10Y Yld Spread 258.25 +14.25 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 78.80 -1.74%
  

• Emerging Market CDS Index 171.35 -.47%
  

• iBoxx Offshore RMB China Corporate High Yield Index 156.10 +.11%

• 2-Year Swap Spread 14.0 -.5 basis point

• TED Spread 35.50 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -6.25-.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 68.82 -.19%

• 3-Month T-Bill Yield 2.39% unch.

• Yield Curve 17.25 +.5 basis point

• China Iron Ore Spot 84.0 USD/Metric Tonne +1.27%

• Citi US Economic Surprise Index 27.30 +22.8 points

• Citi Eurozone Economic Surprise Index -77.3 +5.3 points

• Citi Emerging Markets Economic Surprise Index -12.1 +.3 point

• 10-Year TIPS Spread 1.88 +3.0 basis points

• .9% chance of Fed rate hike at May 1st meeting, 3.3% chance at June 19th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -18 open in Japan 

• China A50 Futures: Indicating +23 open in China

• DAX Futures: Indicating -7 open in Germany

Portfolio: 

• Higher: On gains in my tech/biotech sector longs and emerging markets shorts

• Disclosed Trades: None

• Market Exposure: 75% Net Long

Bear Radar

Style Underperformer:

• Mid-Cap Value +.1%

Sector Underperformers:

• 1) REITs -1.5% 2) Alt Energy -1.1% 3) Gold & Silver -1.0%

Stocks Falling on Unusual Volume: 

• NVTR, PZZA, EPAY, SNE, CORT, ATTU, CNX, JKS and CSIQ

Stocks With Unusual Put Option Activity:

• 1) MAR 2) AET 3) SYMC 4) UNIT 5) DLTR

Stocks With Most Negative News Mentions:

• 1) CORT 2) AVEO 3) CURO 4) ARW 5) ASTE

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth +.8%

Sector Outperformers:

• 1) Oil Service +2.4% 2) Disk Drives +2.3% 3) I-Banks +2.0%

Stocks Rising on Unusual Volume:

• DECK, DGII, SYMC, CRON, PFPT, IGV, OTEX, SE, BLFS, LEXEA, AON, GMS, FLWS, NOV, POST, BE, ROCK, LN, CY, AMSC, YUMC, LPLA, CDXS, SOHU, MIME, ENVA, SCWX, FMC, ZBH, SPR, COUP and FBC

Stocks With Unusual Call Option Activity:

• 1) MTG 2) SYMC 3) MDR 4) CY 5) APC

Stocks With Most Positive News Mentions:

• 1) SYMC 2) ZBH 3) DECK 4) XOM 5) MRK

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +11.3% Above 100-Day Average
• 7 Sectors Rising, 4 Sectors Declining
• 58.5% of Issues Advancing, 38.6% Declining
• 76 New 52-Week Highs, 6 New Lows
• 36.9% of Issues Above 200-day Moving Average
• Average 14-Day RSI 56.5%
• Vix 16.4 -.97%
• Total Put/Call .86 +1.18%
• TRIN/Arms 1.18 -11.94%