Weekly Scoreboard*

S&P 500 2,823.86 +3.07%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,842.51 +1.66%

• NASDAQ 7,688.78 +4.01%

• Russell 2000 1,557.30 +2.62%

• S&P 500 High Beta 41.58 +4.05%

• Goldman 50 Most Shorted 158.99 +2.28%

• Wilshire 5000 29,107.71 +2.92%

• Russell 1000 Growth 1,505.33 +3.42%

• Russell 1000 Value 1,220.42 +2.62%

• S&P 500 Consumer Staples 567.25 +2.40%

• MSCI Cyclicals-Defensives Spread 1,050.25 -.14%
  

• NYSE Technology 1,852.41 +4.20%

• Transports 10,309.57 +2.30%

• Utilities 780.56 +2.06%

• Bloomberg European Bank/Financial Services 78.61 +3.59%

• MSCI Emerging Markets 42.91 +2.57%

• HFRX Equity Hedge 1,219.65 +1.12%

• HFRX Equity Market Neutral 970.24 +.23%

Sentiment/Internals

• NYSE Cumulative A/D Line 341,745 +1.0%

• Bloomberg New Highs-Lows Index -92 +224

• Bloomberg Crude Oil % Bulls 57.90 +84.2%

• CFTC Oil Net Speculative Position 348,801 +6.45%

• CFTC Oil Total Open Interest 2,067,851 +2.07%

• Total Put/Call .80 -20.62%

• OEX Put/Call 3.06 +927.92%

• ISE Sentiment 78.0 unch.

• NYSE Arms 1.32 +10.68%

• Volatility(VIX) 12.88 -20.75%

• S&P 500 Implied Correlation 38.72 -10.55%

• G7 Currency Volatility (VXY) 6.45 -7.33%

• Emerging Markets Currency Volatility (EM-VXY) 7.89 -4.13%

• Smart Money Flow Index 13,799.91 +2.91%

• ICI Money Mkt Mutual Fund Assets $3.112 Trillion -.02%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$2.640 Billion

• AAII % Bulls 32.4 -13.3%

• AAII % Bears 31.1 +16.1%

Futures Spot Prices

• CRB Index 183.87 +1.77%

• Crude Oil 58.41 +4.46%

• Reformulated Gasoline 184.58 +3.28%

• Natural Gas 2.80 -1.85%

• Heating Oil 196.44 -1.30%

• Gold 1,301.80 +.30%

• Bloomberg Base Metals Index 187.81 +.68%

• Copper 290.75 +.34%

• US No. 1 Heavy Melt Scrap Steel 327.0 USD/Metric Tonne unch.

• China Iron Ore Spot 85.11 USD/Metric Tonne +5.16%

• Lumber 389.80 -1.71%

• UBS-Bloomberg Agriculture 905.27 +1.86%

Economy

• Atlanta Fed GDPNow Forecast +.38% -14.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -2.90% +80.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.3488 +5.47%

• US Economic Policy Uncertainty Index 86.15 -39.16%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 171.75 +.20%

• Citi US Economic Surprise Index -36.20 +5.9 points

• Citi Eurozone Economic Surprise Index -34.10 +15.4 points

• Citi Emerging Markets Economic Surprise Index -28.50 -3.4 points

• Fed Fund Futures imply 97.7% chance of no change, 0.0% chance of 25 basis point hike on 3/20

• US Dollar Index 96.59 -.79%

• MSCI Emerging Markets Currency Index 1,640.78 +.34%

• Bitcoin/USD 3,899.41 +.81%

• Euro/Yen Carry Return Index 131.13 +1.02%

• Yield Curve 15.25 -1.75 basis points
  

• 10-Year US Treasury Yield 2.6% -2.0 basis points

• Federal Reserve's Balance Sheet $3.933 Trillion +.07%

• U.S. Sovereign Debt Credit Default Swap 17.84 +10.74%

• Illinois Municipal Debt Credit Default Swap 194.74 -.03%

• Italian/German 10Y Yld Spread 241.25 -2.25 basis points

• China Sovereign Debt Credit Default Swap 50.25 -2.09%
  

• Emerging Markets Sovereign Debt CDS Index 47.98 -8.3%
  

• Israel Sovereign Debt Credit Default Swap 62.50 -1.7%

• South Korea Sovereign Debt Credit Default Swap 29.74 -4.44%

• Russia Sovereign Debt Credit Default Swap 126.57 -2.03%

• iBoxx Offshore RMB China Corporate High Yield Index 159.86 +.42%

• 10-Year TIPS Spread 1.95% +5.0 basis points

• TED Spread 18.0 +2.5 basis points

• 2-Year Swap Spread 11.5 -1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -7.75 +3.5 basis point

• N. America Investment Grade Credit Default Swap Index 57.94 -9.15%

• America Energy Sector High-Yield Credit Default Swap Index 512.0 -3.53%

• European Financial Sector Credit Default Swap Index 71.66 -7.42%
  

• Emerging Markets Credit Default Swap Index 167.75 -4.7%
  

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

• M1 Money Supply $3.767 Trillion +.92%

• Commercial Paper Outstanding 1,067.70 -.50%

• 4-Week Moving Average of Jobless Claims 223,750 -2,500

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.31% -10.0 basis points

• Weekly Mortgage Applications 384.0 +2.32%

• Bloomberg Consumer Comfort 60.80 -1.3 points

• Weekly Retail Sales +4.4% -40.0 basis points

• Nationwide Gas $2.53/gallon +.07/gallon

• Baltic Dry Index 677.0 +13.2%

• China (Export) Containerized Freight Index 821.04 -1.14%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 30.0 -7.69%

• Rail Freight Carloads 270,854 -2.44%

Best Performing Style

• Large-Cap Growth +3.4%

Worst Performing Style

• Small-Cap Value +2.3%

Leading Sectors

• Oil Service +6.4%

• Semis +5.6%

• Biotech +5.0%

• Computer Hardware +4.8%

• Healthcare Providers +4.2%

Lagging Sectors

• Industrials +.1% 

• Papers unch.

• Defense -.6%

• Gold & Silver -.8%

• Gaming -1.6%

Weekly High-Volume Stock Gainers (15)

• SYNH, CURO, ULTA, VYGR, DOMO, NANO, CREE, MKSI, IRDM, PEN, LRCX, NX, RCKT, YETI and MRCY

Weekly High-Volume Stock Losers (3)

• TEN, MBUU and AVAV

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 Earnings Optimism, Diminished Global Growth Worries, Technical Buying, Tech/Biotech Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Around Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 12.8 -5.04%

• Euro/Yen Carry Return Index 131.13 -.08%

• Emerging Markets Currency Volatility(VXY) 7.89 -1.62%

• S&P 500 Implied Correlation 38.33 -3.35%

• ISE Sentiment Index 76.0 -16.5%
  

• Total Put/Call .77 -14.4%

• NYSE Arms 1.25 +16.8%

Credit Investor Angst:

• North American Investment Grade CDS Index 57.97 -.62%
  

• America Energy Sector High-Yield CDS Index 512.0 +1.53%

• European Financial Sector CDS Index 71.68 +.54%

• Italian/German 10Y Yld Spread 241.25 +.5 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 66.69 -.42%
  

• Emerging Market CDS Index 166.97 -.55%
  

• iBoxx Offshore RMB China Corporate High Yield Index 159.86 +.10%

• 2-Year Swap Spread 11.5 -1.25 basis points

• TED Spread 18.0 +2.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -7.75 +1.25 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 67.75 +.35%
• 3-Month T-Bill Yield 2.44% unch.

• Yield Curve 15.5 -2.0 basis points

• China Iron Ore Spot 85.11 USD/Metric Tonne +.63%

• Citi US Economic Surprise Index -36.20 -1.8 points

• Citi Eurozone Economic Surprise Index -34.10 +.6 point

• Citi Emerging Markets Economic Surprise Index -28.50 -2.5 points

• 10-Year TIPS Spread 1.95 +1.0 basis point
• 0.0% chance of Fed rate hike at May 1st meeting, 0.0% chance at June 19th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -85 open in Japan 
• China A50 Futures: Indicating +60 open in China

• DAX Futures: Indicating +17 open in Germany

Portfolio:

• Higher: On losses in my retail/biotech/industrial sector longs

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

• Mid-Cap Value +.5%

Sector Underperformers:

• 1) Oil Service -.5% 2) REITs unch. 3) Healthcare Providers +.1%

Stocks Falling on Unusual Volume: 

• GDEN, TUSK, HEAR, ADBE, WHR, PVTL, RDNT, TEN and AVAV

Stocks With Unusual Put Option Activity:

• 1) AET 2) GNW 3) AABA 4) VIAB 5) CYH

Stocks With Most Negative News Mentions:

• 1) PHII 2) BKE 3) JT 4) SLB 5) AAL

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.1%

Sector Outperformers:

• 1) Semis +3.0% 2) Disk Drives +2.5% 3) Computer Hardware +1.6%

Stocks Rising on Unusual Volume:

• IEFA, CATS, GDS, PKX, HTHT, CURO, KB, ULTA, HNGR, LMRK, BA, AVGO, CREE, DOMO, VCTR, AEP, RCKT, MYRG, ZAGG, NBTB, HG, BLFS, MGEE, KIDS, HMI, SYNH, NANO, MKSI, XNCR, GH, SMTC, YETI, NX, IRDM, LRCX, PEN, SWI, FLOW and MRCY

Stocks With Unusual Call Option Activity:

• 1) CTXS 2) AVGO 3) ULTA 4) LRCX 5) SCHW

Stocks With Most Positive News Mentions:

• 1) AVGO 2) ULTA 3) SYKE 4) DG 5) AMZN

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +27.5% Above 100-Day Average
• 8 Sectors Rising, 3 Sectors Declining
• 63.7% of Issues Advancing, 33.1% Declining
• 93 New 52-Week Highs, 14 New Lows
• 46.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 50.5%
• Vix 13.0 -4.0%
• Total Put/Call .75 -16.7%
• TRIN/Arms 1.57 +46.7%