Weekly Scoreboard*

S&P 500 2,769.90 +2.23%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,814.98 +2.76%

• NASDAQ 7,459.93 +2.14%

• Russell 2000 1,565.70 +3.91%

• S&P 500 High Beta 41.15 +3.31%

• Goldman 50 Most Shorted 160.03 +5.45%

• Wilshire 5000 28,668.61 +2.38%

• Russell 1000 Growth 1,470.93 +2.04%

• Russell 1000 Value 1,205.30 +2.47%

• S&P 500 Consumer Staples 557.81 +.95%

• MSCI Cyclicals-Defensives Spread 1,039.38 +.03%
  

• NYSE Technology 1,790.78 +2.18%

• Transports 10,531.02 +3.49%

• Utilities 736.80 -.40%

• Bloomberg European Bank/Financial Services 77.05 +4.0%

• MSCI Emerging Markets 41.85 -.34%

• HFRX Equity Hedge 1,204.99 +.60%

• HFRX Equity Market Neutral 971.47 +.14%

Sentiment/Internals

• NYSE Cumulative A/D Line 336,620 +1.30%

• Bloomberg New Highs-Lows Index 83 -80

• Bloomberg Crude Oil % Bulls 62.86 +72.88%

• CFTC Oil Net Speculative Position 306,925 +10.72%

• CFTC Oil Total Open Interest 2,103,777 -.81%

• Total Put/Call .81 -19.8%

• OEX Put/Call 1.99 +79.28%

• ISE Sentiment 100.0 -8.26%

• NYSE Arms .85 -5.88%

• Volatility(VIX) 15.02 -4.58%

• S&P 500 Implied Correlation 41.61 +4.36%

• G7 Currency Volatility (VXY) 7.56 unch.

• Emerging Markets Currency Volatility (EM-VXY) 8.81 -1.23%

• Smart Money Flow Index 13,724.83 +1.65%

• ICI Money Mkt Mutual Fund Assets $3.080 Trillion +.54%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$2.863 Billion

• AAII % Bulls 35.1 -12.0%

• AAII % Bears 25.1 +10.0%

Futures Spot Prices

• CRB Index 181.13 +1.68%

• Crude Oil 55.59 +5.10%

• Reformulated Gasoline 157.22 +8.61%

• Natural Gas 2.62 -.08%

• Heating Oil 202.02 +5.37%

• Gold 1,325.20 +.51%

• Bloomberg Base Metals Index 181.65 -1.16%

• Copper 282.0 +.2%

• US No. 1 Heavy Melt Scrap Steel 325.0 USD/Metric Tonne -2.11%

• China Iron Ore Spot 86.66 USD/Metric Tonne -1.63%

• Lumber 408.30 -2.32%

• UBS-Bloomberg Agriculture 928.43 -.16%

Economy

• Atlanta Fed GDPNow Forecast +1.53% -120.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -4.30% -30.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.3430 +5.67%

• US Economic Policy Uncertainty Index 53.32 -43.28%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 171.15 +.09%

• Citi US Economic Surprise Index -23.60 -40.7 points

• Citi Eurozone Economic Surprise Index -79.70 +.4 point

• Citi Emerging Markets Economic Surprise Index -11.9 -1.5 points

• Fed Fund Futures imply 99.0% chance of no change, 0.0% chance of 25 basis point hike on 3/20

• US Dollar Index 96.97 +.38%

• MSCI Emerging Markets Currency Index 1,634.30 -.65%

• Bitcoin/USD 3,567.62 -.77%

• Euro/Yen Carry Return Index 129.61 +.35%

• Yield Curve 15.0 -1.75 basis points
  

• 10-Year US Treasury Yield 2.66% +3.0 basis points

• Federal Reserve's Balance Sheet $3.989 Trillion +.06%

• U.S. Sovereign Debt Credit Default Swap 19.42 +1.36%

• Illinois Municipal Debt Credit Default Swap 194.93 -.02%

• Italian/German 10Y Yld Spread 269.75 -17.5 basis points

• China Sovereign Debt Credit Default Swap 54.26 -4.37%
  

• Emerging Markets Sovereign Debt CDS Index 56.07 +2.98%
  

• Israel Sovereign Debt Credit Default Swap 60.50 -1.51%

• South Korea Sovereign Debt Credit Default Swap 31.67 -4.9%

• Russia Sovereign Debt Credit Default Swap 143.85 +4.09%

• iBoxx Offshore RMB China Corporate High Yield Index 157.08 +.48%

• 10-Year TIPS Spread 1.87% +4.0 basis points

• TED Spread 28.75 -5.75 basis points

• 2-Year Swap Spread 13.75 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -7.5 +.25 basis point

• N. America Investment Grade Credit Default Swap Index 63.29 -6.53%

• America Energy Sector High-Yield Credit Default Swap Index 561.0 +1.87%

• European Financial Sector Credit Default Swap Index 86.79 -6.48%
  

• Emerging Markets Credit Default Swap Index 174.52 -1.26%
  

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

• M1 Money Supply $3.808 Trillion +1.28%

• Commercial Paper Outstanding 1,060.80 +.40%

• 4-Week Moving Average of Jobless Claims 231,750 +7,000

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.37% -4.0 basis points

• Weekly Mortgage Applications 364.80 -4.78%

• Bloomberg Consumer Comfort 60.0 +1.8 points

• Weekly Retail Sales +4.60% -170.0 basis points

• Nationwide Gas $2.30/gallon +.02/gallon

• Baltic Dry Index 628.0 +4.49%

• China (Export) Containerized Freight Index 888.84 -.28%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 -11.11%

• Rail Freight Carloads 277,513 +8.59%

Best Performing Style

• Small-Cap Growth +4.7%

Worst Performing Style

• Large-Cap Growth +2.0%

Leading Sectors

• Oil Service +5.7%

• Road & Rail +5.3%

• Robotics +5.2%

• Homebuilders +4.2%

• Steel +4.1%

Lagging Sectors

• Gaming +.3% 

• Agriculture +.1%

• Utilities -.4%

• Gold & Silver -1.0%

• Papers -1.4%

Weekly High-Volume Stock Gainers (25)

• TNET, AXL, SPXC, DAN, MRC, RDN, ANET, RDFN, YELP, SSNC, DVAX, TEN, TYPE, PVTL, SNBR, DIOD, YETI, MTG, BMCH, INSM, BLMN, DNOW, LASR and SONO

Weekly High-Volume Stock Losers (2)

• PS and HAS

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Final Hour on China Trade Deal Hopes, Oil Gain, Short-Covering, Financial/Telecom Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 15.04 -7.27%

• Euro/Yen Carry Return Index 129.71 -.01%

• Emerging Markets Currency Volatility(VXY) 8.81 -.79%

• S&P 500 Implied Correlation 42.18 -3.08%

• ISE Sentiment Index 101.0 +13.5%
  

• Total Put/Call .81 -11.96%

• NYSE Arms 1.0 -7.41%

Credit Investor Angst:

• North American Investment Grade CDS Index 63.25 -2.75%
  

• America Energy Sector High-Yield CDS Index 561.0 +.29%

• European Financial Sector CDS Index 86.79 -2.49%

• Italian/German 10Y Yld Spread 269.75 -.25 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 75.31 +.05%
  

• Emerging Market CDS Index 174.48 -1.31%
  

• iBoxx Offshore RMB China Corporate High Yield Index 157.08 +.07%

• 2-Year Swap Spread 13.75 -.25 basis point

• TED Spread 28.0 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -7.25 -.5 basis point.

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 67.98 +.14%
• 3-Month T-Bill Yield 2.42% unch.

• Yield Curve 14.75 -1.5 basis points

• China Iron Ore Spot 87.0 USD/Metric Tonne +2.49%

• Citi US Economic Surprise Index -23.60 -7.9 points

• Citi Eurozone Economic Surprise Index -79.70 +.9 point

• Citi Emerging Markets Economic Surprise Index -11.9 +.6 point

• 10-Year TIPS Spread 1.87 +1.0 basis point
• 0.0% chance of Fed rate hike at May 1st meeting, 2.4% chance at June 19th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +280 open in Japan 
• China A50 Futures: Indicating +121 open in China

• DAX Futures: Indicating +3 open in Germany

Portfolio:

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

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 100% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +.6%

Sector Underperformers:

• 1) Agriculture -.4% 2) Alt Energy -.4% 3) Disk Drives -.1%

Stocks Falling on Unusual Volume: 

• AMN, LOGM, XPO, NWL, YNDX, ACOR and BILI

Stocks With Unusual Put Option Activity:

• 1) NWL 2) MDR 3) XPO 4) AET 5) MCO

Stocks With Most Negative News Mentions:

• 1) TRUE 2) XPO 3) AMAT 4) LOGM 5) SPWR

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +1.7%

Sector Outperformers:

• 1) Banks +2.5% 2) Oil Service +2.4% 3) Telecom +2.0%

Stocks Rising on Unusual Volume:

• TLND, TNET, SWIR, IIPR, TYPE, ANET, RDFN, RDN, CPSI, HMI, LIVN, BMCH, DEO, LASR, PDFS, SPXC, YETI, OXFD, VCYT, CTL, IFF, NVDA, SSNC, AXL, DAN, MRC, CBM, DVAX, LABL, MTG, BABY, SNBR, PVTL, DIOD, LASR, DNOW, EVH, AIG, SVMK, GH and MCO

Stocks With Unusual Call Option Activity:

• 1) IEF 2) FEZ 3) ANET 4) BBBY 5) DE

Stocks With Most Positive News Mentions:

• 1) AXL 2) DAN 3) ANET 4) SUN 5) LMT

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +3.1% Above 100-Day Average
• 11 Sectors Rising, 0 Sectors Declining
• 74.3% of Issues Advancing, 22.9% Declining
• 81 New 52-Week Highs, 2 New Lows
• 44.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 56.9%
• Vix 15.2 -6.2%
• Total Put/Call .80 -13.0%
• TRIN/Arms .94 -13.0%