Thursday, May 16, 2013

Bear Radar

Style Underperformer:
  • Large-Cap Growth -.30%
Sector Underperformers:
  • 1) Homebuilders -2.24% 2) Biotech -1.73% 3) Retail -.80%
Stocks Falling on Unusual Volume:
  • CRK, NTLS, HES, RF, ARRS, RIO, SWC, INFI, TCP, CLVS, ARIA, JACK, PBH, YRCW, RE, OPTR, BMY, FLT,CSC, PRE, BMRN, SONC, IBB, WX, CRI and INFI
Stocks With Unusual Put Option Activity:
  • 1) GME 2) HUN 3) XLY 4) CELG 5) CSCO
Stocks With Most Negative News Mentions:
  • 1) BRK/A 2) CHK 3) ACAT 4) CSC 5) WFC
Charts:

1 comment:

theyenguy said...

On Thursday, May 16, 2013, World Stocks traded lower in front of Fed Speak scheduled for the day and as Kuroada Abenomics have crossed the Rubicon of sound monetary policy and have make “money good” investments bad. Patti Domm of CNBC reports Five Federal Reserve talking heads, will get special attention because the idea of Fed tapering, or dialing back, on its quantitative easing program has been the talk of the street this week.

World stocks, VT, traded 0.5%, lower, being led so by Far East Financials, FEFN, -2.6%, with Japanese Banks, MTU, MFG, SMFG, Brokerage, NMR, and Credit Provider, IX, trading lower. Japan Small Caps, JSC, -2.0%, Japan, EWJ, -1.5%, and Hedged Japan, DXJ,-1.2%, as Mike Mish Shedlock writes Breakout in Japanese 10-Year Bond Yield. All week, yields on benchmark 10-year Japanese government bonds (JGBs) have been rising, causing their value to fall, and their inverse ETF, JGBS, to rise. Japan’s public debt stands at $10 trillion, or 245pc of GDP; and its life insurers and pension funds are loaded to the gills with these bonds. No developed country has ever before recorded such a high level of public debt.

Asia Stocks Excluding Japan, traded 1.0% lower. The Philippines, EPHE, -1.9%, New Zealand, ENZL, -1.1%, Thailand, THD, -1.1%, Malayasia, EWM, -1.1%, and Indonesia Small Caps, IDXJ, -1.0%,

Australia Dividends, AUSE, -1.6%, Australia Bank WBK, -1.65, Australia, EWA, -1.3%, and Australia Small Caps, KROO, -2.6%, on a plummeting Australian Dollar, FXA, which has fallen 2.8% in the last week and 4.8% in the last month.

US Stocks, VTI, traded 0.4% lower, with Biotechnology Stocks, IBB, seen in this Finvz Screener, -2.1%, Home Builders, ITB, -1.5%, Dynamic Media, PBS, -1.5%, US Infrastructure, PKB, seen in this Finviz Screener, -1.3%, Consumer Discretionary, IYC, -1.3%, Pharmaceuticals, PJP, -1.0%, Retail, XRT, -1.0%.

Nation Investment, EFA, -0.7%, and Global Industrial Producers, FXR, -0.5%, led by Aircraft Refurbisher, BEAV, -3.1%. Peru, EPU, -3.2%, Russia, RSX, -2.0%, Russia Small Caps, ERUS, -1.3%, Chile, ECH, -1.3%, Mexico, EWW, -1.0%.

The 0.5% trade lower in Dividends Excluding Financials, DTN, communictes the end of the pursuit of yield, that has come from a risk-on, currency carry trade, and credit financed, AGG, JNK, BWX, Global ZIRP, world central bank induced rally.

Global Financials, IXG, traded 1.0% lower, with Far East Financials, FEFN, -2.6%, Emerging Market Financials, EMFN -1.0%, the Too Big To Fail Banks, RWW, -0.8%, communicating the end to leveraged specultive investment.

Automobile Dealerships, PAG, SAH, ABG, KAR, AN, KMX, LAD, seen in this Finviz Screener, trading lower. And Regional Airlines, RJET, JBLU, ALK, ALGT, LUV, SKYW, seen in this Finviz Screener, trading lower.

The style loss leader of the day was large cap growth, JKE, -0.38%, and included companies such as REGN, AMGN, CELG, GILD, ALN, ABT, IP, TSM, SAP, and ABB.