Weekly Scoreboard*

S&P 500 3,169.01 +.76%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 28,127.75 +.42%

• NASDAQ 8,736.80 +.95%

• Russell 2000 1,635.09 +.24%

• S&P 500 High Beta 45.40 +2.66%

• Goldman 50 Most Shorted 155.36 -.10%

• Wilshire 5000 32,393.24 +.62%

• Russell 1000 Growth 1,729.53 +.72%

• Russell 1000 Value 1,326.48 +.62%

• S&P 500 Consumer Staples 641.93 +.23%

• MSCI Cyclicals-Defensives Spread 1,1120.49 +.45%
  

• NYSE Technology 2,085.61 +2.27%

• Transports 10,773.10 +.68%

• Utilities 856.97 +.18%

• Bloomberg European Bank/Financial Services 77.94 +3.57%

• MSCI Emerging Markets 44.43 +2.86%

• HFRX Equity Hedge 1,266.04 +.32%

• HFRX Equity Market Neutral 961.23 -.1%

Sentiment/Internals

• NYSE Cumulative A/D Line 387,290 +1.06%

• Bloomberg New Highs-Lows Index 1,042 +1,004

• Bloomberg Crude Oil % Bulls 42.9 +1.78%

• CFTC Oil Net Speculative Position 428,035 -9.11%

• CFTC Oil Total Open Interest 2,163,757 -1.07%

• Total Put/Call 1.01 +12.5%

• OEX Put/Call .34 -12.82%

• ISE Sentiment 96.0 -23.0 points

• NYSE Arms 1.33 +61.64%

• Volatility(VIX) 13.09 -3.45%

• S&P 500 Implied Correlation 41.61 -.05%

• G7 Currency Volatility (VXY) 5.65 -2.08%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.69 -1.62%

• Smart Money Flow Index 15,092.93 +.74%

• ICI Money Mkt Mutual Fund Assets $3.619 Trillion +1.1%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$3.255 Billion

• AAII % Bulls 37.6 +18.6%

• AAII % Bears 26.1 -10.6%

Futures Spot Prices

• CRB Index 183.80 +1.37%

• Crude Oil 60.07 +1.35%

• Reformulated Gasoline 166.23 +.7%

• Natural Gas 2.32 -2.47%

• Heating Oil 198.72 +1.46%

• Gold 1,482.0 +1.13%

• Bloomberg Base Metals Index 176.11 +3.26%

• Copper 278.20 +1.31%

• US No. 1 Heavy Melt Scrap Steel 294.0 USD/Metric Tonne +1.38%

• China Iron Ore Spot 93.0 USD/Metric Tonne +1.24%

• Lumber 403.40 -1.70%

• UBS-Bloomberg Agriculture 882.91 +1.78%

Economy

• Atlanta Fed GDPNow Forecast +1.95% -1.0 basis point

• ECRI Weekly Leading Economic Index Growth Rate +2.2% -20.0 basis points
• Bloomberg US Recession Probability Next 12 Months 30.0% -9.1%

• Philly Fed ADS Real-Time Business Conditions Index -.2755 -1.92%

• US Economic Policy Uncertainty Index 797.49 +297.31%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 176.52 +.1%

• Citi US Economic Surprise Index -9.5 -17.0 points

• Citi Eurozone Economic Surprise Index -9.0 +14.8 points

• Citi Emerging Markets Economic Surprise Index -22.60 +.4 point

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate cut on 1/29

• US Dollar Index 97.19 -.48%

• MSCI Emerging Markets Currency Index 1,643.15 +.51%

• Bitcoin/USD 7,251.84 -2.68%

• Euro/Yen Carry Return Index 126.22 +1.21%

• Yield Curve 22.0 unch.
  

• 10-Year US Treasury Yield 1.82% -2.0 basis points

• Federal Reserve's Balance Sheet $4.057 Trillion +.74%

• U.S. Sovereign Debt Credit Default Swap 13.73 +.70%

• Illinois Municipal Debt Credit Default Swap 158.775 +.99%
  

• Italian/German 10Y Yld Spread 154.75 -9.0 basis points

• China Sovereign Debt Credit Default Swap 34.90 -8.47%
  

• Brazil Sovereign Debt Credit Default Swap 101.04 -14.5%
  

• Israel Sovereign Debt Credit Default Swap 47.18 -8.47%

• South Korea Sovereign Debt Credit Default Swap 24.79 -2.98%

• Russia Sovereign Debt Credit Default Swap 53.99 -18.1%

• iBoxx Offshore RMB China Corporate High Yield Index 166.59 -.77%

• 10-Year TIPS Spread 1.72% +1.0 basis point

• TED Spread 34.25 -3.0 basis points

• 2-Year Swap Spread 2.75 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -13.75 -.5 basis point

• N. America Investment Grade Credit Default Swap Index 48.09 -3.51%
  

• America Energy Sector High-Yield Credit Default Swap Index 613.0 -5.88%

• European Financial Sector Credit Default Swap Index 53.16 -4.52%
  

• Emerging Markets Credit Default Swap Index 185.69 -7.37%
  

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

• M1 Money Supply $3.972 Trillion -.06%

• Commercial Paper Outstanding 1,139.4 +.3%

• 4-Week Moving Average of Jobless Claims 214,000 -3,750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.73% +5.0 basis points

• Weekly Mortgage Applications 532.10 +3.84%

• Bloomberg Consumer Comfort 62.1 +.4 point

• Weekly Retail Sales +5.0% -30.0 basis points

• Nationwide Gas $2.59/gallon unch.

• Baltic Dry Index 1,388 -10.9%

• China (Export) Containerized Freight Index 825.57 -1.25%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 60.0 +9.09%

• Rail Freight Carloads 268,956 +21.3%

Best Performing Style

• Large-Cap Growth +.7%

Worst Performing Style

• Small-Cap Growth -.1%

Leading Sectors

• Gaming +4.8%

• Oil Service +4.6%

• Gold & Silver +4.6%

• Semis +4.4%

• Computer Hardware +3.6%

Lagging Sectors

• Foods -.8% 

• Healthcare Providers -1.0%

• Tobacco -1.6%

• Telecom -1.6%

• REITs -3.5%

Weekly High-Volume Stock Gainers (15)

• TGTX, SYNA, TTMI, ACA, BLUE, PSNL, PFNX, ADBE, LEVI, MAT, TTD, ENPH, RCKT, CNP and XPER

Weekly High-Volume Stock Losers (8)

• COTY, PLCE, OPI and NXGN

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Higher into Afternoon on China Trade Deal Announcement, UK Election Outcome, Global Growth Optimism, Tech/Homebuilding Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Modestly Lower
  

• Sector Performance: Mixed
  

• Volume: Above Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 13.3 -4.5%

• Euro/Yen Carry Return Index 126.21 -.09%

• Emerging Markets Currency Volatility(VXY) 6.69 unch.

• S&P 500 Implied Correlation 41.68 -1.9%

• ISE Sentiment Index 95.0 +4
  

• Total Put/Call 1.0 +42.86%

• NYSE Arms 1.23 +112.0%

Credit Investor Angst:

• North American Investment Grade CDS Index 47.92 -.42%
  

• America Energy Sector High-Yield CDS Index 613.0 -3.31%

• European Financial Sector CDS Index 52.84 -3.42%

• Italian/German 10Y Yld Spread 154.75 +4.5 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 60.70 -3.4%
  

• Emerging Market CDS Index 185.54 -1.31%
  

• iBoxx Offshore RMB China Corporate High Yield Index 166.59 -.25%

• 2-Year Swap Spread 2.75 +1.0 basis point

• TED Spread 34.25 +2.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -13.75 +6.0 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.13 +.01%
• 3-Month T-Bill Yield 1.55% -1.0 basis point

• Yield Curve .23 unch.

• China Iron Ore Spot 93.0 USD/Metric Tonne +.53%

• Citi US Economic Surprise Index -9.5 -5.5 basis points

• Citi Eurozone Economic Surprise Index 9.0 +.5 point

• Citi Emerging Markets Economic Surprise Index -22.6 -1.4 basis points

• 10-Year TIPS Spread 1.72 -1.0 basis point
• 9.2% chance of Fed rate cut at March 18th meeting, 22.6% chance of cut at April 29th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -113 open in Japan 
• China A50 Futures: Indicating -56 open in China

• DAX Futures: Indicating +33 open in Germany

Portfolio:

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

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges, then covered some

• Market Exposure: Moved to 75% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -.5%

Sector Underperformers:

• 1) Homebuilders -1.7% 2) REITs -1.2% 3) Utilities -.5%

Stocks Falling on Unusual Volume: 

• PLCE, OPI, FTSV, PHR, NXGN, ASMB and ATNX

Stocks With Unusual Put Option Activity:

• 1) EXPR 2) MAS 3) SPPI 4) GIS 5) PPL

Stocks With Most Negative News Mentions:

• 1) OIS 2) TREE 3) VCTR 4) HBI 5) PTEN

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Growth +.3%

Sector Outperformers:

• 1) Construction +.9% 2) Software +.9% 3) Homebuilding +.8%

Stocks Rising on Unusual Volume:

• SRPT, TGTX, SATS, PFNX, CYTK, SYNA, TTMI, DDOG, ACA, RPD, MAXR, PPL, ADBE, PSNL, CARA, BLUE, MAT, RCKT, SNAP, RUBY, CHWY, ENPH, XPER, APPN and EVOP

Stocks With Unusual Call Option Activity:

• 1) SRPT 2) ADM 3) REGI 4) EWW 5) ADBE

Stocks With Most Positive News Mentions:

• 1) ADBE 2) SRPT 3) SNAP 4) BIIB 5) MRTX

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +24.4% Above 100-Day Average
• 3 Sectors Rising, 8 Sectors Declining
• 40.8% of Issues Advancing, 56.1% Declining
• 144 New 52-Week Highs, 14 New Lows
• 60.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 50.5%
• Vix 13.4 -4.0%
• Total Put/Call .75 +7.1%
• TRIN/Arms 1.15 +98.3%