Weekly Scoreboard*

S&P 500 3,063.57 +1.24%

 























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 27,307.0 +1.21%

• NASDAQ 8,369.18 +1.31%

• Russell 2000 1,586.92 +1.76%

• S&P 500 High Beta 43.15 +1.15%

• Goldman 50 Most Shorted 150.95 -1.0%

• Wilshire 5000 31,328.27 +1.20%

• Russell 1000 Growth 1,660.74 +1.40%

• Russell 1000 Value 1,292.17 +1.07%

• S&P 500 Consumer Staples 627.46 +.03%

• MSCI Cyclicals-Defensives Spread 1,121.05 -.62%
  

• NYSE Technology 1,981.93 +1.03%

• Transports 10,697.49 -1.46%

• Utilities 868.41 +.10%

• Bloomberg European Bank/Financial Services 73.63 -2.57%

• MSCI Emerging Markets 43.06 +1.21%

• HFRX Equity Hedge 1,246.92 -.07%

• HFRX Equity Market Neutral 964.13 -.14%

Sentiment/Internals

• NYSE Cumulative A/D Line 379,816 +.16%

• Bloomberg New Highs-Lows Index 40 -138

• Bloomberg Crude Oil % Bulls 33.3 +6.1%

• CFTC Oil Net Speculative Position 366,172 +2.6%

• CFTC Oil Total Open Interest 2,081,290 -2.59%

• Total Put/Call .76 -18.07%

• OEX Put/Call .34 -12.8%

• ISE Sentiment 100.0 +22.1%

• NYSE Arms .69 +4.35%

• Volatility(VIX) 12.4 -1.58%

• S&P 500 Implied Correlation 28.86 -6.95%

• G7 Currency Volatility (VXY) 6.13 +3.55%
  

• Emerging Markets Currency Volatility (EM-VXY) 7.19 +.14%

• Smart Money Flow Index 14,454.44 +.98%

• ICI Money Mkt Mutual Fund Assets $3.486 Trillion +.51%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$4.689 Billion

• AAII % Bulls 34.0 -4.6%

• AAII % Bears 28.4 +.6%

Futures Spot Prices

• CRB Index 180.27 +.04%

• Crude Oil 56.22 -2.45%

• Reformulated Gasoline 165.97 +.02%

• Natural Gas 2.70 +7.2%

• Heating Oil 193.25 -3.05%

• Gold 1,510.60 +.42%

• Bloomberg Base Metals Index 177.47 -.14%

• Copper 265.90 -1.3%

• US No. 1 Heavy Melt Scrap Steel 240.0 USD/Metric Tonne +.42%

• China Iron Ore Spot 81.66 USD/Metric Tonne -1.61%

• Lumber 412.10 +.29%

• UBS-Bloomberg Agriculture 868.98 +.41%

Economy

• Atlanta Fed GDPNow Forecast +1.07% -69.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -.4% -20.0 basis points
• Bloomberg US Recession Probability Next 12 Months 35.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.2195 +4.48%

• US Economic Policy Uncertainty Index 69.12 -58.46%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 175.87 -.07%

• Citi US Economic Surprise Index 6.0 +1.1 points

• Citi Eurozone Economic Surprise Index -42.50 +13.6 points

• Citi Emerging Markets Economic Surprise Index -23.40 -3.9 points

• Fed Fund Futures imply 86.5% chance of no change, 13.5% chance of rate cut on 12/11

• US Dollar Index 97.22 -.65%

• MSCI Emerging Markets Currency Index 1,638.63 +.20%

• Bitcoin/USD 9,204.15 +6.61%

• Euro/Yen Carry Return Index 125.46 +.38%

• Yield Curve 16.0 -2.0 basis point
  

• 10-Year US Treasury Yield 1.73% -7.0 basis points

• Federal Reserve's Balance Sheet $3.980 Trillion +1.28%

• U.S. Sovereign Debt Credit Default Swap 13.7 -5.4%

• Illinois Municipal Debt Credit Default Swap 185.21 +.61%
  

• Italian/German 10Y Yld Spread 137.5 +6.0 basis points

• China Sovereign Debt Credit Default Swap 39.20 +2.51%
  

• Brazil Sovereign Debt Credit Default Swap 118.46 -1.01%
  

• Israel Sovereign Debt Credit Default Swap 56.14 +.11%

• South Korea Sovereign Debt Credit Default Swap 28.13 +.63%

• Russia Sovereign Debt Credit Default Swap 74.58 +1.09%

• iBoxx Offshore RMB China Corporate High Yield Index 167.24 +.20%

• 10-Year TIPS Spread 1.59% -6.0 basis points

• TED Spread 38.5 +10.0 basis points

• 2-Year Swap Spread 3.25 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -19.5 +3.75 basis points

• N. America Investment Grade Credit Default Swap Index 53.32 +.02%
  

• America Energy Sector High-Yield Credit Default Swap Index 503.0 +2.13%

• European Financial Sector Credit Default Swap Index 57.81 -3.9%
  

• Emerging Markets Credit Default Swap Index 191.84 -3.44%
  

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

• M1 Money Supply $3.944 Trillion -.03%

• Commercial Paper Outstanding 1,113.20 +2.3%

• 4-Week Moving Average of Jobless Claims 214,750 -250

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.78% +3.0 basis points

• Weekly Mortgage Applications 519.20 +.64%

• Bloomberg Consumer Comfort 61.0 -2.4 points

• Weekly Retail Sales +4.30% +10.0 basis points

• Nationwide Gas $2.61/gallon -.01/gallon

• Baltic Dry Index 1,731 -5.88%

• China (Export) Containerized Freight Index 795.10 +2.28%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 55.0 -15.4%

• Rail Freight Carloads 269,826 +2.84%

Best Performing Style

• Small-Cap Growth +2.3%

Worst Performing Style

• Mid-Cap Value +.8%

Leading Sectors

• Healthcare Providers +4.0%

• Biotech +3.7%

• Medical Equipment +3.4%

• Social Media +3.2%

• Pharma +2.9%

Lagging Sectors

• Restaurants -1.0% 

• Retail -1.6%

• Homebuilders -1.8%

• Telecom -2.0%

• Networking -2.3%

Weekly High-Volume Stock Gainers (38)

• XENT, RUTH, QRVO, X, IBP, BRKR, FTNT, ACLS, SSNC, NTLA, DNOW, SWKS, HAE, SYNA, WU, SEM, VECO, CATM, NMRK, BLD, WMGI, CROX, TRN, UCTT, HRC, VRRM, LITE, LPLA, ATI, AMKR, KBR, LPG, ATKR, HEES and CORE

Weekly High-Volume Stock Losers (7)

• PFSI, CAR, WPC, FIXX, CDNA, PINS and HMSY

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 US Economic Data, China Trade Deal Optimism, Oil Gain, Transport/Energy 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) 12.5 -5.5%

• Euro/Yen Carry Return Index 125.44 +.31%

• Emerging Markets Currency Volatility(VXY) 7.15 unch.

• S&P 500 Implied Correlation 28.81 -6.6%

• ISE Sentiment Index 107.0 +30.0
  

• Total Put/Call .72 -36.3%

• NYSE Arms .70 +4.4%

Credit Investor Angst:

• North American Investment Grade CDS Index 53.58 -2.60%
  

• America Energy Sector High-Yield CDS Index 503.0 +2.95%

• European Financial Sector CDS Index 58.32 -2.51%

• Italian/German 10Y Yld Spread 137.50 +4.5 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 66.30 -1.17%
  

• Emerging Market CDS Index 192.17 -3.27%
  

• iBoxx Offshore RMB China Corporate High Yield Index 167.24 +.01%

• 2-Year Swap Spread 3.25 unch.

• TED Spread 38.5 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -19.5 -.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.42 +.36%
• 3-Month T-Bill Yield 1.51% -2.0 basis points

• Yield Curve .16 unch.

• China Iron Ore Spot 81.66 USD/Metric Tonne -.06%

• Citi US Economic Surprise Index 6.0 +1.3 points

• Citi Eurozone Economic Surprise Index -42.50 +.6 point

• Citi Emerging Markets Economic Surprise Index -23.40 +3.6 basis points

• 10-Year TIPS Spread 1.60 +1.0 basis point
• 41.5% chance of Fed rate cut at Jan. 29th meeting, 52.7% chance of cut at March 18th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +115 open in Japan 
• China A50 Futures: Indicating +75 open in China

• DAX Futures: Indicating +3 open in Germany

Portfolio:

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

Sector Underperformers:

• 1) Networking -1.5% 2) Telecom -1.4% 3) Restaurants -1.1%

Stocks Falling on Unusual Volume: 

• FND, WPC, CAR, LYV, FLWS, FNKO, CDNA, USM, TDS, PINS, HMSY and ANET

Stocks With Unusual Put Option Activity:

• 1) HBI 2) ARQL 3) FIT 4) COMM 5) MYL

Stocks With Most Negative News Mentions:

• 1) ANET 2) CASA 3) YETI 4) WORK 5) SIX

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.6%

Sector Outperformers:

• 1) Oil Service +3.8% 2) Steel +3.7% 3) Road & Rail +3.0%

Stocks Rising on Unusual Volume:

• LOCO, AXL, XENT, MRC, RUTH, TPB, QRVO, X, MMSI, BRKR, AMED, LHCG, MD, SKY, FTNT, ACLS, RAD, APA, FLR, AGIO, SSNC, IBP, NWL, AERI, NTLA, EHC, ITT, HAE, DNOW, BLDR, BIO, MTZ, AYX, GVA, WCC, SWKS, KOD, SAGE, SEM, UCTT, WU, ATI, BOOT, BAH, HRC, BLD, CPS, MDC, CHEF, VECO, INGR, DRNA, CATM, HTH, EDIT, AVTR, HBI, CROX, WMGI, SUM, KMT, TRN, SYNA, LPG and PETQ

Stocks With Unusual Call Option Activity:

• 1) QRVO 2) FIT 3) SGMS 4) GD 5) EWJ

Stocks With Most Positive News Mentions:

• 1) QRVO 2) FIT 3) BGG 4) IMGN 5) TPB

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +28.9% Above 100-Day Average
• 9 Sectors Rising, 3 Sectors Declining
• 71.0% of Issues Advancing, 27.1% Declining
• 143 New 52-Week Highs, 20 New Lows
• 55.9% of Issues Above 200-day Moving Average
• Average 14-Day RSI 48.9%
• Vix 12.5 -5.8%
• Total Put/Call .68 -39.8%
• TRIN/Arms .73 -47.5%