Weekly Scoreboard*

S&P 500 3,265.53 +1.2%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 28,819.34 +.83%

• NASDAQ 9,175.59 +1.95%

• Russell 2000 1,657.19 +.07%

• S&P 500 High Beta 47.21 +1.35%

• Goldman 50 Most Shorted 154.753 +.29%

• Wilshire 5000 33,333.65 +1.05%

• Russell 1000 Growth 1,816.03 +2.09%

• Russell 1000 Value 1,344.44 +.28%

• S&P 500 Consumer Staples 643.52 +.72%

• MSCI Cyclicals-Defensives Spread 1,139.02 +.53%
  

• NYSE Technology 2,232.10 +2.53%

• Transports 10,970.46 +.82%

• Utilities 873.89 +.80%

• Bloomberg European Bank/Financial Services 78.29 -.89%

• MSCI Emerging Markets 45.43 +.96%

• HFRX Equity Hedge 1,264.24 -.69%

• HFRX Equity Market Neutral 952.09 +.07%

Sentiment/Internals

• NYSE Cumulative A/D Line 396,332 +.37%

• Bloomberg New Highs-Lows Index 737 -237

• Bloomberg Crude Oil % Bulls 36.7 -8.3%

• CFTC Oil Net Speculative Position 554,857 +.87%

• CFTC Oil Total Open Interest 2,145,567 +1.46%

• Total Put/Call .80 -11.6%

• OEX Put/Call .34 -12.8%

• ISE Sentiment 91.0 +16.0 points

• NYSE Arms 1.21 -23.9%

• Volatility(VIX) 12.61 -12.7%

• S&P 500 Implied Correlation 38.36 -15.9%

• G7 Currency Volatility (VXY) 5.13 -11.7%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.41 -5.1%

• Smart Money Flow Index 15,686.32 +2.35%

• ICI Money Mkt Mutual Fund Assets $3.638 Trillion +.16%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$.520 Billion

• AAII % Bulls 33.1 -11.2%

• AAII % Bears 29.9 +36.6%

Futures Spot Prices

• CRB Index 184.13 -1.4%

• Crude Oil 59.02 -6.3%

• Reformulated Gasoline 165.95 -5.11%

• Natural Gas 2.20 +3.97%

• Heating Oil 193.01 -6.3%

• Gold 1,560.50 +.25%

• Bloomberg Base Metals Index 177.0 +1.68%

• Copper 281.20 +1.19%

• US No. 1 Heavy Melt Scrap Steel 299.0 USD/Metric Tonne +.67%

• China Iron Ore Spot 91.52 USD/Metric Tonne -.42%

• Lumber 415.60 -2.74%

• UBS-Bloomberg Agriculture 908.05 +1.33%

Economy

• Atlanta Fed GDPNow Forecast +2.27% -6.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +3.3% +100.0 basis points
• Bloomberg US Recession Probability Next 12 Months 30.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .0679 +2.72%

• US Economic Policy Uncertainty Index 76.48 -55.3%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 176.50 +.23%

• Citi US Economic Surprise Index .5 +9.8 points

• Citi Eurozone Economic Surprise Index 43.3 +10.8 points

• Citi Emerging Markets Economic Surprise Index -6.0 +4.7 points

• Fed Fund Futures imply 90.9% chance of no change, 0.0% chance of rate cut on 1/29

• US Dollar Index 97.35 +.48%

• MSCI Emerging Markets Currency Index 1,666.78 +.43%

• Bitcoin/USD 8,073.74 +10.8%

• Euro/Yen Carry Return Index 126.47 +1.02%

• Yield Curve 25.0 -5.0 basis points
  

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

• Federal Reserve's Balance Sheet $4.111 Trillion -.57%

• U.S. Sovereign Debt Credit Default Swap 14.84 -.84%

• Illinois Municipal Debt Credit Default Swap 162.01 +.68%
  

• Italian/German 10Y Yld Spread 152.0 -10.5 basis points

• China Sovereign Debt Credit Default Swap 31.92 -3.66%
  

• Brazil Sovereign Debt Credit Default Swap 98.80 +.14%
  

• Israel Sovereign Debt Credit Default Swap 51.70 +16.96%

• South Korea Sovereign Debt Credit Default Swap 22.82 +4.37%

• Russia Sovereign Debt Credit Default Swap 59.92 +3.44%

• iBoxx Offshore RMB China Corporate High Yield Index 168.63 +.45%

• 10-Year TIPS Spread 1.76% -1.0 basis point

• TED Spread 31.75 -8.5 basis points

• 2-Year Swap Spread 6.5 -2.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -2.75 -4.5 basis points

• N. America Investment Grade Credit Default Swap Index 44.15 -3.5%
  

• America Energy Sector High-Yield Credit Default Swap Index 533.0 +1.17%

• European Financial Sector Credit Default Swap Index 50.40 -5.99%
  

• Emerging Markets Credit Default Swap Index 180.76 -.74%
  

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

• M1 Money Supply $3.984 Trillion -1.25%

• Commercial Paper Outstanding 1,125.90 unch.

• 4-Week Moving Average of Jobless Claims 224,000 -9,250

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.64% -11.0 basis points

• Weekly Mortgage Applications 471.30 +13.46%

• Bloomberg Consumer Comfort 65.1 +1.2 points

• Weekly Retail Sales +6.1% +20.0 basis points

• Nationwide Gas $2.60/gallon +.04/gallon

• Baltic Dry Index 772.0 -14.9%

• China (Export) Containerized Freight Index 927.06 +3.29%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 65.0 unch

• Rail Freight Carloads 198,450 +8.96%

Best Performing Style

• Large-Cap Growth +2.1%

Worst Performing Style

• Small-Cap Value -1.1%

Leading Sectors

• Internet +3.0%

• Software +2.8%

• Alt Energy +2.7%

• Biotech +2.6%

• Homebuilding +2.3%

Lagging Sectors

• Education -1.6% 

• Steel -2.0%

• Shipping -2.1%

• Gold & Silver -3.1%

• Oil Service -3.2%

Weekly High-Volume Stock Gainers (24)

• RARE, NKTR, RVNC, ZYXI, BYND, PRVB, SPCE, APPN, MAXR, INMD, ABMD, TVTY, DERM, ROL, CRWD, LVGO, TXG, ROL, BMRN, PBF, PRPL, APLS and CDXS

Weekly High-Volume Stock Losers (6)

• ATI, WWE, URBN, EOLS, TRUP and SIX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Slightly Lower into Afternoon on Economic Data, Profit-Taking, Technical Selling, Financial/Energy Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Slightly Lower
  

• Sector Performance: Mixed
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 12.2 -2.6%

• Euro/Yen Carry Return Index 126.49 +.14%

• Emerging Markets Currency Volatility(VXY) 6.39 -2.4%

• S&P 500 Implied Correlation 37.57 +.7%

• ISE Sentiment Index 93.0 -20
  

• Total Put/Call .76 +16.9%

• NYSE Arms 1.15 +4.6%

Credit Investor Angst:

• North American Investment Grade CDS Index 43.93 +.65%
  

• America Energy Sector High-Yield CDS Index 534.0 +2.77%

• European Financial Sector CDS Index 50.45 -.21%

• Italian/German 10Y Yld Spread 152.0 -3.75 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 54.01 -1.64%
  

• Emerging Market CDS Index 180.67 +.75%
  

• iBoxx Offshore RMB China Corporate High Yield Index 168.63 +.02%

• 2-Year Swap Spread 6.5 unch.

• TED Spread 31.25 -3.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -2.75 unch.

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.59 +.03%
• 3-Month T-Bill Yield 1.53% unch.

• Yield Curve .25-3.0 basis points

• China Iron Ore Spot 91.52 USD/Metric Tonne -.54%

• Citi US Economic Surprise Index .5 -1.2 points

• Citi Eurozone Economic Surprise Index 43.30 +.9 point

• Citi Emerging Markets Economic Surprise Index -6.0 +2.4 basis points

• 10-Year TIPS Spread 1.76 unch.
• 3.8% chance of Fed rate cut at March 18th meeting, 12.4% chance of cut at April 29th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -90 open in Japan 
• China A50 Futures: Indicating +28 open in China

• DAX Futures: Indicating -6 open in Germany

Portfolio:

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

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 75% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -.6%

Sector Underperformers:

• 1) Education -1.1% 2) Oil Service -1.0% 3) Defense -.7%

Stocks Falling on Unusual Volume: 

• PLMR, ATI, URBN, FLXN, TRUP, GRUB, TPTX, CYRX, SIX and PTLA

Stocks With Unusual Put Option Activity:

• 1) NLOK 2) RUN 3) MAC 4) NLY 5) GRUB

Stocks With Most Negative News Mentions:

• 1) SIX 2) ADRO 3) ACB 4) GRUB 5) ATI

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Growth +.2%

Sector Outperformers:

• 1) Gold & Silver +2.1% 2) Homebuilding +.9% 3) Video Gaming +.8%

Stocks Rising on Unusual Volume:

• RARE, NKTR, RVNC, SNX, ZYXI, MRNA, INMD, BBBY, BYND, MAXR, VYGR, BPMC, GTT, APPN, APLS, DERM, SPCE, CSOD, XNCR, CDNA, HCC, PBF, HCC, PEN, KOD, TGTX, LB, NVTA, IRTC, TSN, TROX, ISRG, PING and NVCR

Stocks With Unusual Call Option Activity:

• 1) WETF 2) DERM 3) NKTR 4) MET 5) TSN

Stocks With Most Positive News Mentions:

• 1) SRNE 2) SNX 3) ISRG 4) DERM 5) MRNA

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -7.5% Below 100-Day Average
• 9 Sectors Rising, 2 Sectors Declining
• 51.2% of Issues Advancing, 45.4% Declining
• 149 New 52-Week Highs, 13 New Lows
• 65.0% of Issues Above 200-day Moving Average
• Average 14-Day RSI 49.7%
• Vix 12.2 -3.1%
• Total Put/Call .68 +4.6%
• TRIN/Arms 1.01 -8.2%