Friday, September 01, 2017

Weekly Scoreboard*
























The Weekly Wrap by Briefing.com.
 
Indices
  • S&P 500 2,478.56 +1.49%
  • DJIA 22,016.10 +1.0%
  • NASDAQ 6,433.10 +2.80%
  • Russell 2000 1,410.15 +2.41%
  • S&P 500 High Beta 37.43 +2.08%
  • Goldman 50 Most Shorted 135.49 +3.25%
  • Wilshire 5000 25,639.10 +1.66%
  • Russell 1000 Growth 1,244.27 +2.19%
  • Russell 1000 Value 1,142.69 +.94%
  • S&P 500 Consumer Staples 563.80 +.44%
  • Vanda Cyclicals-Defensives 1.3235 +1.28%
  • Morgan Stanley Technology 1,564.71 +2.63%
  • Transports 9,381.70 +2.84%
  • Utilities 740.84 -.82%
  • Bloomberg European Bank/Financial Services 98.86 +.24%
  • MSCI Emerging Markets 44.91 +.47%
  • HFRX Equity Hedge 1,208.57 +.13%
  • HFRX Equity Market Neutral 1,006.33 +.14%
Sentiment/Internals
  • NYSE Cumulative A/D Line 298,114 +.41%
  • Bloomberg New Highs-Lows Index 487 +310
  • Bloomberg Crude Oil % Bulls 51.43 +50.34%
  • CFTC Oil Net Speculative Position 445,448 -3.89%
  • CFTC Oil Total Open Interest 2,236,977 -3.23%
  • Total Put/Call .81 -16.5%
  • OEX Put/Call 1.10 +88.9%
  • ISE Sentiment 72.0 -36.1%
  • NYSE Arms .56 -50.0%
  • Volatility(VIX) 10.09 -10.55%
  • S&P 500 Implied Correlation 31.63 -9.66%
  • G7 Currency Volatility (VXY) 8.11 +2.66%
  • Emerging Markets Currency Volatility (EM-VXY) 7.42 +4.36%
  • Smart Money Flow Index 19,709.0 +.38%
  • ICI Money Mkt Mutual Fund Assets $2.716 Trillion -.72%
  • ICI US Equity Weekly Net New Cash Flow -$2.730 Billion
  • AAII % Bulls 25.0 -11.0%
  • AAII % Bears 39.9 +4.2%
Futures Spot Prices
  • CRB Index 180.56 +1.47%
  • Crude Oil 47.18 -1.71%
  • Reformulated Gasoline 172.31 +11.04%
  • Natural Gas 3.08 +6.39%
  • Heating Oil 173.32 +6.92%
  • Gold 1,325.80 +2.47%
  • Bloomberg Base Metals Index 201.83 +1.12%
  • Copper 311.85 +2.58%
  • US No. 1 Heavy Melt Scrap Steel 281.67 USD/Ton unch.
  • China Iron Ore Spot 78.91 USD/Ton +.68%
  • Lumber 374.70 -.83%
  • UBS-Bloomberg Agriculture 1,022.01 -.16%
Economy
  • Atlanta Fed GDPNow Forecast +3.3 -10.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate +1.9% -40.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index -.0477 -1.27% 
  • US Economic Policy Uncertainty Index 32.3 -68.2%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 140.31 +.19%
  • Citi US Economic Surprise Index -18.20 +14.1 points
  • Citi Eurozone Economic Surprise Index 25.8 +6.6 points
  • Citi Emerging Markets Economic Surprise Index 19.80 +1.7 points
  • Fed Fund Futures imply 88.0% chance of no change, 12.0% chance of 25 basis point hike on 9/20
  • US Dollar Index 92.82 +.29%
  • MSCI Emerging Markets Currency Index 1,638.89 +.46%
  • Euro/Yen Carry Return Index 136.44 +.27%
  • Yield Curve 81.0 -3.0 basis points
  • 10-Year US Treasury Yield 2.15% -2.0 basis points
  • Federal Reserve's Balance Sheet $4.412 Trillion -.28%
  • U.S. Sovereign Debt Credit Default Swap 25.91 -.15%
  • Illinois Municipal Debt Credit Default Swap 335.0 -.05%
  • Western Europe Sovereign Debt Credit Default Swap Index 5.59 -6.06%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 17.80 -9.34%
  • Emerging Markets Sovereign Debt CDS Index 39.41 -12.71%
  • Israel Sovereign Debt Credit Default Swap 52.83 -8.12%
  • South Korea Sovereign Debt Credit Default Swap 60.68 +2.63%
  • Russia Sovereign Debt Credit Default Swap 138.73 -5.67%
  • iBoxx Offshore RMB China Corporate High Yield Index 141.27 +.14%
  • 10-Year TIPS Spread 1.79% +4.0 basis points
  • TED Spread 31.0 -1.0 basis point
  • 2-Year Swap Spread 21.0 -2.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -24.75 +2.0 basis points
  • N. America Investment Grade Credit Default Swap Index 57.47 -4.1%
  • America Energy Sector High-Yield Credit Default Swap Index 465.0 -1.46%
  • European Financial Sector Credit Default Swap Index 52.57 -5.39%
  • Emerging Markets Credit Default Swap Index 178.20 -4.09%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 148.0 unch.
  • M1 Money Supply $3.618 Trillion +1.66%
  • Commercial Paper Outstanding 1,023.50 +2.7%
  • 4-Week Moving Average of Jobless Claims 236,750 -1,000
  • Continuing Claims Unemployment Rate 1.4% unch.
  • Average 30-Year Mortgage Rate 3.82% +7.0 basis points
  • Weekly Mortgage Applications 407.20 -2.3%
  • Bloomberg Consumer Comfort 53.30 +.5 point
  • Weekly Retail Sales +3.2% +40 basis points
  • Nationwide Gas $2.52/gallon +.17/gallon
  • Baltic Dry Index 1,184.0 -1.3%
  • China (Export) Containerized Freight Index 839.84 -.81%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 unch.
  • Rail Freight Carloads 279,623 -.96%
Best Performing Style
  •  Small-Cap Growth +3.0%
Worst Performing Style
  •  Large-Cap Value +.9%
Leading Sectors
  • Biotech +7.7%
  • Gaming +5.2%
  • Gold & Silver +5.1%
  • Steel +4.8%
  • Defense +4.0%
Lagging Sectors
  • Insurance -.4% 
  • Tobacco -.7%
  • Oil Tankers -.7%
  • Utiliteis -.9%
  • Foods -1.1%
Weekly High-Volume Stock Gainers (28)
  • ADMS, IXYS, ABEO, JUNO, WVE, KITE, BLUE, EHTH, AVAV, SCVL, STRL, MOV, PSTG, CTLT, DEL, USG, AMSWA, GILD, CVTI, SPLK, LJPC, EXP, ENTA, GNRC, CAL, TACO, CARE and THO
Weekly High-Volume Stock Losers (13)
  • FIVE, IMKTA, ULTA, LE, VEEV, CIEN, ACOR, SFM, CPB, BBY, GME, TITN and ACET
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Higher into Afternoon on Economic Optimism, Tax Reform Hopes, Short-Covering, Retail/Energy Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Almost Every Sector Rising
  • Volume: Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 10.13 -4.34%
  • Euro/Yen Carry Return Index 136.53 -.04%
  • Emerging Markets Currency Volatility(VXY) 7.42 -.54%
  • S&P 500 Implied Correlation 31.72 -.75%
  • ISE Sentiment Index 72.0 -34.6%
  • Total Put/Call .82 -21.90%
  • NYSE Arms .55 -42.2%
Credit Investor Angst:
  • North American Investment Grade CDS Index 57.50 -1.96%
  • America Energy Sector High-Yield CDS Index 465.0 -.91%
  • European Financial Sector CDS Index 52.28 -2.01%
  • Western Europe Sovereign Debt CDS Index 5.59 -4.45%
  • Asia Pacific Sovereign Debt CDS Index 17.81 -2.06%
  • Emerging Market CDS Index 177.26 -1.86%
  • iBoxx Offshore RMB China Corporate High Yield Index 141.27 +.12%
  • 2-Year Swap Spread 21.0 +.25 basis point
  • TED Spread 31.25 -.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -24.75 +.5 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 74.66 +.22%
  • 3-Month T-Bill Yield 1.0% -1.0 basis point
  • Yield Curve 81.0 +2.0 basis points
  • China Import Iron Ore Spot $78.91/Metric Tonne n/a
  • Citi US Economic Surprise Index -18.20 +4.9 points
  • Citi Eurozone Economic Surprise Index 25.80 +2.2 points
  • Citi Emerging Markets Economic Surprise Index 19.80 +3.5 basis points
  • 10-Year TIPS Spread 1.79 +2.0 basis points
  • 15.6% chance of Fed rate hike at Nov. 1 meeting, 42.5% chance at Dec. 13 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +28 open in Japan 
  • China A50 Futures: Indicating +56 open in China
  • DAX Futures: Indicating +15 open in Germany
Portfolio: 
  • Higher: On gains in my tech/biotech/retail sector longs 
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:
  • Large-Cap Growth +.2%
Sector Underperformers:
  • 1) Software -.4% 2) Utilities -.3% 3) Tobacco -.1%
Stocks Falling on Unusual Volume: 
  • AMBA, TECD, HIIQ, COO and SCVL
Stocks With Unusual Put Option Activity:
  • 1) AMBA 2) JCI 3) RSX 4) PANW 5) SYMC
Stocks With Most Negative News Mentions:
  • 1) DRYS 2) AMBA 3) TECD 4) GPRO 5) WFC
Charts:

Bull Radar

Style Outperformer:
  • Small-Cap Growth +1.1%
Sector Outperformers:
  • 1) Steel +2.6% 2) Gaming +2.1% 3) Oil Service +1.8%
Stocks Rising on Unusual Volume:
  • LULU, PANW, OSTK, OXM, ANGO, CLLS, ICFI, RDY, TIS, HIMX, BLUE, NSH, CSII, URGN, SGMO, YNDX, BMS, SGH, RGC, GCO, BIB, ABEO, KNX, FCAU, GM, OSTK, CVI, RGC, PBF and SWFT
Stocks With Unusual Call Option Activity:
  • 1) AR 2) NTNX 3) GGP 4) RHAT 5) JCI
Stocks With Most Positive News Mentions:
  • 1) PANW 2) LULU 3) SCS 4) KORS 5) GM
Charts:

Morning Market Internals

NYSE Composite Index: