Weekly Scoreboard*

Indices

• S&P 500 2,234.78 -1.15%

• DJIA 19,753.12 -.93%

• NASDAQ 5,382.82 -1.31%

• Russell 2000 1,355.33 -.48%

• S&P 500 High Beta 36.49 -1.80%

• Goldman 50 Most Shorted 120.31 -.51%

• Wilshire 5000 23,262.70 -1.03%

• Russell 1000 Growth 1,051.55 -1.11%

• Russell 1000 Value 1,100.14 -1.05%

• S&P 500 Consumer Staples 530.90 -.67%

• Vanda Cyclicals-Defensives 1.2853 -.15%
  

• Morgan Stanley Technology 1,214.39 -1.15%

• Transports 9,029.55 -1.43%

• Utilities 660.60 +.07%

• Bloomberg European Bank/Financial Services 91.89 -1.71%

• MSCI Emerging Markets 35.15 +2.37%

• HFRX Equity Hedge 1,154.54 -.40%

• HFRX Equity Market Neutral 989.94 -.12%

Sentiment/Internals

• NYSE Cumulative A/D Line 273,524 +.1%

• Bloomberg New Highs-Lows Index 40 -52

• Bloomberg Crude Oil % Bulls 44.83 +258.64%

• CFTC Oil Net Speculative Position 436,661 +3.29%

• CFTC Oil Total Open Interest 2,029,807 -3.56%

• Total Put/Call .98 +11.63%

• OEX Put/Call 2.1 +41.0%

• ISE Sentiment 64.0 -33.98%

• NYSE Arms 1.56 +13.18%

• Volatility(VIX) 14.24 +23.4%

• S&P 500 Implied Correlation 50.95 +4.73%

• G7 Currency Volatility (VXY) 11.23 +2.18%

• Emerging Markets Currency Volatility (EM-VXY) 11.34 +.09%

• Smart Money Flow Index 19,262.20 -.66%

• ICI Money Mkt Mutual Fund Assets $2.728 Trillion +.59%

• ICI US Equity Weekly Net New Cash Flow -$5.106 Billion

• AAII % Bulls 45.6 +2.1%

• AAII % Bears 25.7 -11.7%

Futures Spot Prices

• CRB Index 192.41 +1.12%

• Crude Oil 53.59 +1.82%

• Reformulated Gasoline 167.05 +4.38%

• Natural Gas 3.71 +4.70%

• Heating Oil 170.42 +2.86%

• Gold 1,152.50 +2.0%

• Bloomberg Base Metals Index 166.65 -1.07%

• Copper 250.40 -.14%

• US No. 1 Heavy Melt Scrap Steel 248.33 USD/Ton unch.

• China Iron Ore Spot 78.87 USD/Ton +.93%

• Lumber 316.70 +2.56%

• UBS-Bloomberg Agriculture 1,131.76 +1.31%

Economy

• Atlanta Fed GDPNow Forecast +2.5% unch.
• ECRI Weekly Leading Economic Index Growth Rate +11.8% +50.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.2956 +8.43%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 131.31 +.21%

• Citi US Economic Surprise Index 23.30 +1.3 points

• Citi Eurozone Economic Surprise Index 53.1 -3.2 points

• Citi Emerging Markets Economic Surprise Index 18.1 +10.2 points

• Fed Fund Futures imply 87.6% chance of no change 12.4% chance of 25 basis point hike on 2/1

• US Dollar Index 102.29 -.8%
• MSCI Emerging Markets Currency Index 1,506.09 +.30%

• Euro/Yen Carry Return Index 128.51 +.34%

• Yield Curve 125.0 -9.0 basis points

• 10-Year US Treasury Yield 2.45% -9.0 basis points

• Federal Reserve's Balance Sheet $4.413 Trillion -.4%

• U.S. Sovereign Debt Credit Default Swap 26.75 -1.87%

• Illinois Municipal Debt Credit Default Swap 358.0 -.05%

• Western Europe Sovereign Debt Credit Default Swap Index 20.87 +2.38%

• Asia Pacific Sovereign Debt Credit Default Swap Index 36.11 -2.99%
  

• Emerging Markets Sovereign Debt CDS Index 79.62 -1.74%
  

• Israel Sovereign Debt Credit Default Swap 75.50 +9.8%

• Iraq Sovereign Debt Credit Default Swap 703.52 -7.42%

• Russia Sovereign Debt Credit Default Swap 177.50 +3.03%

• iBoxx Offshore RMB China Corporate High Yield Index 133.21 +.06%

• 10-Year TIPS Spread 1.97% -3.0 basis points
  

• TED Spread 45.0 +1.0 basis point

• 2-Year Swap Spread 26.0 -4.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -56.0 +6.25 basis points

• N. America Investment Grade Credit Default Swap Index 67.76 +1.44%

• America Energy Sector High-Yield Credit Default Swap Index 458.0 +1.0%

• European Financial Sector Credit Default Swap Index 93.56 +1.55%
  

• Emerging Markets Credit Default Swap Index 241.99 -1.35%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 134.0 unch.
  

• M1 Money Supply $3.298 Trillion -1.28%

• Commercial Paper Outstanding 986.50 +2.1%

• 4-Week Moving Average of Jobless Claims 263,000 -750

• Continuing Claims Unemployment Rate 1.5% unch.

• Average 30-Year Mortgage Rate 4.32% +2.0 basis points

• Weekly Mortgage Applications 407.30 +2.47%

• Bloomberg Consumer Comfort 46.0 -.7 point

• Weekly Retail Sales +1.3% +20.0 basis points

• Nationwide Gas $2.32/gallon +.05/gallon

• Baltic Dry Index 961.0 +1.59%

• China (Export) Containerized Freight Index 811.14 +3.80%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 45.0 -14.3%

• Rail Freight Carloads 252,716 -6.14%

Best Performing Style

• Small-Cap Growth -.2%

Worst Performing Style

• Large-Cap Growth -.8%

Leading Sectors

• Gold & Silver +9.8%

• Tobacco +1.8%

• REITs +1.3%

• Drugs +.7%

• Agriculture +.5%

Lagging Sectors

• Alt Energy -1.6% 

• Restaurants -1.7%

• Gaming -2.0%

• Disk Drives -2.3%

• Coal -3.0%

Weekly High-Volume Stock Gainers (3)

• KATE, PTLA and WMK

Weekly High-Volume Stock Losers (1)

• BAS

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Lower into Final Hour on Pension Rebalancing, Profit-Taking, Technical Selling, Tech/Biotech Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Most Sectors Declining
  

• Volume: Light

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 14.29 +6.88%

• Euro/Yen Carry Return Index 128.41 +.55%

• Emerging Markets Currency Volatility(VXY) 11.34 -.18%

• S&P 500 Implied Correlation 51.03 -1.14%

• ISE Sentiment Index 56.0 -33.33%
  

• Total Put/Call 1.0 +7.53%

• NYSE Arms 1.55 +30.72%

Credit Investor Angst:

• North American Investment Grade CDS Index 67.48 -.39%
  

• America Energy Sector High-Yield CDS Index 458.0 +.98%

• European Financial Sector CDS Index 93.57 -1.53%

• Western Europe Sovereign Debt CDS Index 20.87 +1.78%

• Asia Pacific Sovereign Debt CDS Index 36.11 -4.33%

• Emerging Market CDS Index 241.99 +.39%
  

• iBoxx Offshore RMB China Corporate High Yield Index 133.21 +.01%

• 2-Year Swap Spread 26.0 +1.0 basis points

• TED Spread 50.0 -3.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -56.0 -2.0 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 69.79 unch.
• 3-Month T-Bill Yield .50% +5.0 basis points

• Yield Curve 126.0 unch.
  

• China Import Iron Ore Spot $78.87/Metric Tonne -1.94%

• Citi US Economic Surprise Index 23.30 -.6 point

• Citi Eurozone Economic Surprise Index 53.10 -1.0 basis point

• Citi Emerging Markets Economic Surprise Index 18.10 +.2 point

• 10-Year TIPS Spread 1.97% +1.0 basis point
• 31.3% chance of Fed rate hike at March 15 meeting, 42.0% chance at May 3 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -29 open in Japan 
• China A50 Futures: Indicating +2 open in China

• DAX Futures: Indicating -35 open in Germany

Portfolio: 

• Slightly Higher: On gains in my index hedges and emerging markets shorts

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

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth -.3%

Sector Underperformers:

• 1) Gold & Silver -2.5% 2) Semis -1.0% 3) Steel -.8%

Stocks Falling on Unusual Volume: 

• CAB, LIVE, NVDA and TTD

Stocks With Unusual Put Option Activity:

• 1) ZNGA 2) DXJ 3) MDLZ 4) DLTR 5) YELP

Stocks With Most Negative News Mentions:

• 1) GILD 2) CLD 3) EGN 4) AGTC 5) PRU

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Value unch.

Sector Outperformers:

• 1) Oil Service +.7% 2) REITs +.6% 3) Banks +.5%

Stocks Rising on Unusual Volume:

• KATE and ACOR

Stocks With Unusual Call Option Activity:

• 1) HCA 2) UUP 3) BSX 4) YUM 5) MYL

Stocks With Most Positive News Mentions:

• 1) AVID 2) AVGO 3) CEMP 4) WMT 5) ENDP

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -39.6% Below 100-Day Average
• 1 Sector Rising, 9 Sectors Declining
• 45.4% of Issues Advancing, 51.2% Declining
• 32 New 52-Week Highs, 5 New Lows
• 57.5% of Issues Above 200-day Moving Average
• Average 14-Day RSI 40.7%
• Vix 14.1 +5.4%
• Total Put/Call 1.08 +16.1%
• TRIN/Arms .72 -38.3%