Market Week in Review

• S&P 500 1,988.77 +.91%*

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 1,988.77 +.91%

• DJIA 16,643.01 +1.11%

• NASDAQ 4,828.32 +2.60%

• Russell 2000 1,162.91 +.53%

• S&P 500 High Beta 30.46 +2.95%

• Goldman 50 Most Shorted 125.36 +4.34% 

• Wilshire 5000 20,766.01 +.88%

• Russell 1000 Growth 971.92 +1.53%

• Russell 1000 Value 954.80 +.27%

• S&P 500 Consumer Staples 487.80 -.32%

• Solactive US Cyclical 121.56 +. 70%

• Morgan Stanley Technology 1,022.02 +2.49%

• Transports 7,908.66 +.47%

• Utilities 572.21 -4.26%

• Bloomberg European Bank/Financial Services 108.50 +.74%

• MSCI Emerging Markets 33.72 +5.66%

• HFRX Equity Hedge 1,152.19 -3.46%

• HFRX Equity Market Neutral 1,011.41 -.23%

Sentiment/Internals

• NYSE Cumulative A/D Line 227,557 -.55%

• Bloomberg New Highs-Lows Index -317 +723

• Bloomberg Crude Oil % Bulls 35.42 +45.22%

• CFTC Oil Net Speculative Position 210,564 -6.8%

• CFTC Oil Total Open Interest 1,688,731 +.75%

• Total Put/Call 1.28 -23.81%

• OEX Put/Call .74 -73.94%

• ISE Sentiment 79.0 +12.86%

• NYSE Arms 1.06 -63.32%

• Volatility(VIX) 26.05 -7.06%

• S&P 500 Implied Correlation 60.01 +3.57%

• G7 Currency Volatility (VXY) 10.16 +5.94%

• Emerging Markets Currency Volatility (EM-VXY) 11.62 +1.93%

• Smart Money Flow Index 16.764.56 -1.80%

• ICI Money Mkt Mutual Fund Assets $2.695 Trillion +.34%

• ICI US Equity Weekly Net New Cash Flow -$5.204 Billion

• AAII % Bulls 32.5 +21.2%

• AAII % Bears 38.3 +14.8%

Futures Spot Prices

• CRB Index 1917.10 +3.01%

• Crude Oil 45.36 +12.7%

• Reformulated Gasoline 1551.55 -1.57%

• Natural Gas 2.72 +1.19%

• Heating Oil 157.65 +7.95%

• Gold 1,133.50 -2.24%

• Bloomberg Base Metals Index 145.78 +.42%

• Copper 233.80 +2.09%

• US No. 1 Heavy Melt Scrap Steel 210.67 USD/Ton unch.

• China Iron Ore Spot 56.04 USD/Ton -.11%

• Lumber 237.10 -3.34%

• UBS-Bloomberg Agriculture 1,017.42 -.2%

Economy

• ECRI Weekly Leading Economic Index Growth Rate -.9% -50.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index .1913 -3.57%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 126.21 -.03%

• Citi US Economic Surprise Index -7.5 +10.7 points

• Citi Eurozone Economic Surprise Index 14.6 -2.3 points

• Citi Emerging Markets Economic Surprise Index -9.6 -1.0 point

• Fed Fund Futures imply 62.0% chance of no change, 38.0% chance of 25 basis point hike on 9/17
• # of Months to 1st Fed Rate Hike(Morgan Stanley) 5.61 +39.55%

• US Dollar Index 96.09 +1.37%

• Euro/Yen Carry Return Index 141.84 -2.32%

• Yield Curve 147.0 +5.0 basis points

• 10-Year US Treasury Yield 2.18% +14.0 basis points

• Federal Reserve's Balance Sheet $4.436 Trillion -.29%

• U.S. Sovereign Debt Credit Default Swap 16.28 +1.72%

• Illinois Municipal Debt Credit Default Swap 253.0 +1.75%

• Western Europe Sovereign Debt Credit Default Swap Index 22.34 -5.58%

• Asia Pacific Sovereign Debt Credit Default Swap Index 80.11 -1.37%
  

• Emerging Markets Sovereign Debt CDS Index 278.84 -15.39%
  

• Israel Sovereign Debt Credit Default Swap 68.69 -2.22%

• Iraq Sovereign Debt Credit Default Swap 736.50 -1.33%

• Russia Sovereign Debt Credit Default Swap 372.80 -11.2%

• iBoxx Offshore RMB China Corporates High Yield Index 116.79 -1.45%

• 10-Year TIPS Spread 1.62% +8.0 basis points

• TED Spread 27.25 -4.0 basis points

• 2-Year Swap Spread 15.25 -7.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -21.25 -3.25 basis points

• N. America Investment Grade Credit Default Swap Index 79.21 -3.53%

• America Energy Sector High-Yield Credit Default Swap Index 1,872.0 +.06%

• European Financial Sector Credit Default Swap Index 81.20 -3.0%
  

• Emerging Markets Credit Default Swap Index 344.58 -2.94%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 101.0 unch.

• M1 Money Supply $3.039 Trillion -.31%

• Commercial Paper Outstanding 1,049.70 -.70%

• 4-Week Moving Average of Jobless Claims 272,500 +1,000

• Continuing Claims Unemployment Rate 1.7% unch.

• Average 30-Year Mortgage Rate 3.84% -9 basis points

• Weekly Mortgage Applications 412.70 +.24%

• Bloomberg Consumer Comfort 42.0 +.9 point

• Weekly Retail Sales +1.70% unch.

• Nationwide Gas $2.51/gallon -.12/gallon

• Baltic Dry Index 905.0 -8.95%

• China (Export) Containerized Freight Index 833.25 -1.32%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 -20.0%

• Rail Freight Carloads 278,972 +.91%

Best Performing Style

• Large-Cap Growth +1.1%

Worst Performing Style

• Small-Ca Value -.5%

Leading Sectors

• Oil Service +9.6%

• Semis +5.5%

• Biotech +3.0%

• Alt Energy +2.9%

• Computer Hardware +2.8%

Lagging Sectors

• Airlines -2.3% 

• REITs -3.3%

• Homebuilders -4.8%

• Utilities -4.9%

• Gold & Silver -6.3%

Weekly High-Volume Stock Gainers (14)

• CAM, GAS, MOV, BBY, DY, BEAT, ANF, BRCD, GB, ACOR, GES, HRTX, NMBL and OSK

Weekly High-Volume Stock Losers (42)

• MS, EWBC, WDR, NTK, MCK, PCL, PX, ADSK, AZZ, SYF, ARG, ABT, PLUS, EXC, HEI, TIF, ULTA, NTRS, VAL, BLOX, NDSN, GSBD, TYPE, SLB, SSS, COG, DG, FMC, PDCO, LEG, DE, JLL, TOL, ROST, CBG, OPK, DSW, WSM, CRMT, POM, INTU and TFM

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Modestly Lower into Afternoon on China Bubble-Bursting Fears, Fed Uncertainty, Earnings Worries, Utility/Pharma Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Mixed
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 27.21 +4.25%

• Euro/Yen Carry Return Index 141.90 -.15%

• Emerging Markets Currency Volatility(VXY) 11.56 -.94%

• S&P 500 Implied Correlation 62.06 +9.41%

• ISE Sentiment Index 86.0 unch.

• Total Put/Call 1.23 +3.36%

• NYSE Arms .92 +165.13% 

Credit Investor Angst:

• North American Investment Grade CDS Index 79.71 +.97%

• America Energy Sector High-Yield CDS Index 1,872.0 -2.51%

• European Financial Sector CDS Index 81.26 +2.38%

• Western Europe Sovereign Debt CDS Index 22.34 -2.66%

• Asia Pacific Sovereign Debt CDS Index 79.70 +1.55%

• Emerging Market CDS Index 344.58 +.55%
  

• iBoxx Offshore RMB China Corporates High Yield Index 116.79 -.36%

• 2-Year Swap Spread 15.25 +.75 basis point

• TED Spread 27.25 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -21.25 -.75 basis point

Economic Gauges:

• 3-Month T-Bill Yield .06% +1.0 basis point

• Yield Curve 146.0 -3.0 basis points

• China Import Iron Ore Spot $56.04/Metric Tonne +3.91%

• Citi US Economic Surprise Index -7.5 -4.8 points

• Citi Eurozone Economic Surprise Index 14.6 -3.5 points

• Citi Emerging Markets Economic Surprise Index -9.6 -1.7 points

• 10-Year TIPS Spread 1.61 +2.0 basis points
• # of Months to 1st Fed Rate Hike(Morgan Stanley) 5.61 -.31

Overseas Futures:

• Nikkei 225 Futures: Indicating -1 open in Japan 
• China A50 Futures: Indicating -302 open in China

• DAX Futures: Indicating -8 open in Germany

Portfolio: 

• Slightly Higher: On gains in my retail sector longs and emerging markets shorts

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

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth -.22%

Sector Underperformers:

• 1) Disk Drives -2.42% 2) Utilities -1.54% 3) HMOs -1.42%

Stocks Falling on Unusual Volume:

• GME, RGS, ADSK, SPLK, CEO, CEA, ZOES, ZIV, HCI, CHDN, CIVI, AAXJ, POM, XIV, GHL, SYK, ASND, AMG, USNA, WDAY, WSM, MAN, GAS, RHI and POM

Stocks With Unusual Put Option Activity:

• 1) S 2) BTU 3) HOT 4) BHI 5) LOCO
  

Stocks With Most Negative News Mentions:

• 1) DUK 2) BAC 3) RGS 4) TDC 5) TWC
  

Charts:

• ETFs Falling on Unusual Volume

• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Small-Cap Value +.29%

Sector Outperformers:

• 1) Oil Service +4.15% 2) Gold & Silver +2.88% 3) Energy +2.21%
  

Stocks Rising on Unusual Volume:

• ATVI, BIG, SWHC, UAL, CPG, VEEV, MRO, LOCO, HP, SSTK and DDD

Stocks With Unusual Call Option Activity:

• 1) TIF 2) ADSK 3) EPI 4) SPWR 5) GME
  

Stocks With Most Positive News Mentions:

• 1) SWHC 2) UAL 3) SLB 4) BIG 5) MOV
  

Charts:

• ETFs Rising on Unusual Volume 

• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running 19.0% Above 100-day average
• 2 Sectors Rising, 8 Sectors Declining
• 54.8% of Issues Advancing, 42.5% Declining
• 3 New 52-Week Highs, 10 New Lows
• 24.7% of Issues Above 200-day Moving Average
• Average 14-Day RSI 37.2
• Vix 27.0
• Total Put/Call 1.02
• TRIN/Arms .69