Thursday, April 11, 2013

Stocks Rising into Afternoon on Central Bank Stimulus Hopes, Euro Bounce, Short-Covering, Retail/Healthcare Sector Strength

Broad Market Tone:
  • Advance/Decline Line: Slightly Lower
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • VIX 12.58 +1.78%
  • ISE Sentiment Index 94.0 -30.37%
  • Total Put/Call .88 +3.53%
  • NYSE Arms .93 +4.33%
Credit Investor Angst:
  • North American Investment Grade CDS Index 82.07 +.09%
  • European Financial Sector CDS Index 158.98 -.29%
  • Western Europe Sovereign Debt CDS Index 102.33 unch.
  • Emerging Market CDS Index 224.89 -1.55%
  • 2-Year Swap Spread 14.0 -.5 bp
  • TED Spread 21.5 +.5 bp
  • 3-Month EUR/USD Cross-Currency Basis Swap -17.25 -.5 bp
Economic Gauges:
  • 3-Month T-Bill Yield .06% -1 bp
  • Yield Curve 156.0 -1 basis point
  • China Import Iron Ore Spot $140.90/Metric Tonne +.21%
  • Citi US Economic Surprise Index 9.0 +1.8 points
  • 10-Year TIPS Spread 2.47 +3 bps
Overseas Futures:
  • Nikkei Futures: Indicating +29 open in Japan
  • DAX Futures: Indicating -21 open in Germany
Portfolio: 
  • Higher: On gains in my medical/biotech/retail sector longs
  • Disclosed Trades: None
  • Market Exposure: 75% Net Long

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