The Weekly Wrap by Briefing.com.
*5-Day Change
Indices
- Russell 2000 1,240.41 -2.05%
- S&P 500 High Beta 34.13 -2.51%
- Goldman 50 Most Shorted 133.66 -3.36%
- Wilshire 5000 21,613.67 -2.19%
- Russell 1000 Growth 992.04 -2.18%
- Russell 1000 Value 1,009.21 -2.21%
- S&P 500 Consumer Staples 501.02 -.44%
- Solactive US Cyclical 137.07 -2.39%
- Morgan Stanley Technology 1,002.85 -3.43%
- Transports 8,700.34 -4.89%
- Bloomberg European Bank/Financial Services 116.06 -.58%
- MSCI Emerging Markets 39.38 -1.27%
- HFRX Equity Hedge 1,293.43 -.65%
- HFRX Equity Market Neutral 999.42 -.30%
Sentiment/Internals
- NYSE Cumulative A/D Line 236,283 -.07%
- Bloomberg New Highs-Lows Index -212 -328
- Bloomberg Crude Oil % Bulls 25.0% unch.
- CFTC Oil Net Speculative Position 206,887 -15.03%
- CFTC Oil Total Open Interest 1,748,067 -.72%
- Total Put/Call 1.06 +32.5%
- OEX Put/Call 1.96 +122.73%
- ISE Sentiment 91.0 -8.08%
- Volatility(VIX) 15.07 +15.75%
- S&P 500 Implied Correlation 65.45 +8.65%
- G7 Currency Volatility (VXY) 10.69 +2.20%
- Emerging Markets Currency Volatility (EM-VXY) 10.62 +2.21%
- Smart Money Flow Index 17,654.50 -1.61%
- ICI Money Mkt Mutual Fund Assets $2.689 Trillion +.64%
- ICI US Equity Weekly Net New Cash Flow -$1.759 Billion
Futures Spot Prices
- Reformulated Gasoline 179.80 +.41%
- Bloomberg Base Metals Index 173.06 +2.08%
- US No. 1 Heavy Melt Scrap Steel 226.67 USD/Ton unch.
- China Iron Ore Spot 53.14 USD/Ton -2.78%
- UBS-Bloomberg Agriculture 1,116.86 -1.33%
Economy
- ECRI Weekly Leading Economic Index Growth Rate -3.2% +50 basis points
- Philly Fed ADS Real-Time Business Conditions Index .0693 n/a
- S&P 500 Blended Forward 12 Months Mean EPS Estimate 122.9 +.47%
- Citi US Economic Surprise Index -62.90 +9.2 points
- Citi Eurozone Economic Surprise Index 52.10 +12.8 points
- Citi Emerging Markets Economic Surprise Index -1.4 -.8 points
- Fed Fund Futures imply 50.0% chance of no change, 50.0% chance of 25 basis point cut on 4/29
- US Dollar Index 97.39 -.52%
- Euro/Yen Carry Return Index 135.53 -.10%
- Yield Curve 137.0 +2.0 basis points
- 10-Year US Treasury Yield 1.96% +3.0 basis points
- Federal Reserve's Balance Sheet $4.442 Trillion -.35%
- U.S. Sovereign Debt Credit Default Swap 16.51 -7.36%
- Illinois Municipal Debt Credit Default Swap 179.0 +.07%
- Western Europe Sovereign Debt Credit Default Swap Index 22.22 +1.97%
- Asia Pacific Sovereign Debt Credit Default Swap Index 62.10 +2.40%
- Emerging Markets Sovereign Debt CDS Index 346.87 -1.24%
- Israel Sovereign Debt Credit Default Swap 76.0 +1.32%
- Iraq Sovereign Debt Credit Default Swap 355.0 +3.01%
- Russia Sovereign Debt Credit Default Swap 401.64 -13.43%
- iBoxx Offshore RMB China Corporates High Yield Index 114.22 +.02%
- 10-Year TIPS Spread 1.78% +1.0 basis point
- TED Spread 24.25 -2.25 basis points
- 2-Year Swap Spread 24.25 -2.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -24.0 -1.25 basis points
- N. America Investment Grade Credit Default Swap Index 64.64 +2.83%
- America Energy Sector High-Yield Credit Default Swap Index 1,006.0 -1.97%
- European Financial Sector Credit Default Swap Index 66.08 +2.77%
- Emerging Markets Credit Default Swap Index 316.64 -1.67%
- CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 90.0 +2.0 basis points
- M1 Money Supply $2.974 Trillion -.19%
- Commercial Paper Outstanding 1,032.0 +.70%
- 4-Week Moving Average of Jobless Claims 297,000 -7,750
- Continuing Claims Unemployment Rate 1.8% unch.
- Average 30-Year Mortgage Rate 3.69% -9.0 basis points
- Weekly Mortgage Applications 437.10 +9.47%
- Bloomberg Consumer Comfort 45.5 +1.3 points
- Weekly Retail Sales +2.70% +10 basis points
- Nationwide Gas $2.43/gallon unch.
- Baltic Dry Index 598.0 +1.18%
- China (Export) Containerized Freight Index 1,010.39 -2.31%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.50 unch.
- Rail Freight Carloads 277,854 +1.34%
Best Performing Style
Worst Performing Style
Leading Sectors
Lagging Sectors
Weekly High-Volume Stock Gainers (18)
- KFX, KRFT, RALY, DPLO, HCHC, FIVE, ABMD, CALA, FRSH, RHT, MGRC, OVAS, KBH, MFRM, REX, MKC, AMSWA and DRI
Weekly High-Volume Stock Losers (20)
- VRTV, SONC, SAAS, IHS, AAL, SXC, GTN, WGO, KSU, SJW, HGR, NSM, SGNT, FPRX, ENVA, WRLD, ZFGN, ZSPH, SNDK and APOL
Weekly Charts
ETFs
Stocks
*5-Day Change
Broad Equity Market Tone:
-
Advance/Decline Line: Around Even
- Sector Performance: Mixed
- Volume: Below Average
-
Market Leading Stocks: Performing In Line
Equity Investor Angst:
-
Volatility(VIX) 15.5 -1.9%
-
Euro/Yen Carry Return Index 135.86 +.27%
-
Emerging Markets Currency Volatility(VXY) 10.62 +.66%
-
S&P 500 Implied Correlation 64.97 +1.98%
-
ISE Sentiment Index 92.0 +42.42%
-
Total Put/Call 1.11 +14.43%
Credit Investor Angst:
-
North American Investment Grade CDS Index 64.66 +.16%
-
America Energy Sector High-Yield CDS Index 1,005.0 -1.05%
-
European Financial Sector CDS Index 66.29 -1.20%
-
Western Europe Sovereign Debt CDS Index 22.12 -3.41%
-
Asia Pacific Sovereign Debt CDS Index 62.1 +1.28%
-
Emerging Market CDS Index 316.65 -.26%
- iBoxx Offshore RMB China Corporates High Yield Index 114.22 +.03%
-
2-Year Swap Spread 24.50 +.5 basis point
-
TED Spread 24.25 -.75 basis point
-
3-Month EUR/USD Cross-Currency Basis Swap -23.75 -.5 basis point
Economic Gauges:
-
3-Month T-Bill Yield .03% unch.
-
China Import Iron Ore Spot $53.14/Metric Tonne -4.0%
-
Citi US Economic Surprise Index -62.9 -2.9 points
-
Citi Eurozone Economic Surprise Index 52.10 -.2 point
-
Citi Emerging Markets Economic Surprise Index -1.4 +1.8 points
-
10-Year TIPS Spread 1.78 -3.0 basis points
Overseas Futures:
-
Nikkei Futures: Indicating +60 open in Japan
-
DAX Futures: Indicating +35 open in Germany
Portfolio:
-
Higher: On gains in my medical/retail/biotech sector longs
-
Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
-
Market Exposure: Moved to 50% Net Long
Style Underperformer:
Sector Underperformers:
- 1) Coal -3.40% 2) Steel -2.04% 3) Disk Drives -1.64%
Stocks Falling on Unusual Volume:
- SCAI, HCHC, CPF, OVAS, BIS, MSM, HPTX, STWD, UIHC, SGNT, SNDK, RUSHA, SMTC, AXS, ROVI, DPLO, GME, DIOD, YOKU, SCCO, EMC, NSM, NEOG, WCC, EGL and STWD
Stocks With Unusual Put Option Activity:
- 1) JIVE 2) EXC 3) MON 4) EMR 5) DXJ
Stocks With Most Negative News Mentions:
- 1) EMC 2) SNDK 3) POWI 4) STRA 5) UPS
Charts:
Style Outperformer:
Sector Outperformers:
- 1) Biotech +1.86% 2) Airlines +1.49% 3) HMOs +.89%
Stocks Rising on Unusual Volume:
- GLOB, OLN, BMRN, KRFT, CCL, SWKS, RCL, ESPR, RCPT, SCMP, KITE, NCLH and AXLL
Stocks With Unusual Call Option Activity:
- 1) CCL 2) MAT 3) OHRP 4) BMRN 5) SE
Stocks With Most Positive News Mentions:
- 1) SLI 2) CONN 3) SHLM 4) DOW 5) CCL
Charts: