Wednesday, October 23, 2013

Stocks Lower into Final Hour on Rising Global Growth Fears, Earnings Concerns, Technical Selling, Tech/Energy Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Most Sectors Declining
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 13.59 +1.95%
  • Euro/Yen Carry Return Index 139.83 -.85%
  • Emerging Markets Currency Volatility(VXY) 8.34 +1.71%
  • S&P 500 Implied Correlation 37.81 -3.58%
  • ISE Sentiment Index 108.0 -8.47%
  • Total Put/Call .85 +2.41%
  • NYSE Arms 1.68 +40.17% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 71.98 +2.62%
  • European Financial Sector CDS Index 120.22 +.85%
  • Western Europe Sovereign Debt CDS Index 70.73 -3.11%
  • Emerging Market CDS Index 258.99 +.30%
  • 2-Year Swap Spread 13.25 unch.
  • TED Spread 20.75 -.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -4.5 +.25 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .03% unch.
  • Yield Curve 219.0 -3 basis points
  • China Import Iron Ore Spot $133.20/Metric Tonne -.08%
  • Citi US Economic Surprise Index 18.20 -1.2 points
  • Citi Emerging Markets Economic Surprise Index -9.10 +1.1 points
  • 10-Year TIPS Spread 2.16 -2 basis points
Overseas Futures:
  • Nikkei Futures: Indicating -81 open in Japan
  • DAX Futures: Indicating +11 open in Germany
Portfolio: 
  • Higher: On gains in my medical/biotech/retail sector longs, index hedges and emerging markets shorts
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, then added them back
  • Market Exposure: 50% Net Long

No comments: