Monday, February 10, 2014

Stocks Slightly Higher into Final Hour on Asian Gains, Short-Covering, Biotech/REIT Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Slightly Higher
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 15.11 -1.18%
  • Euro/Yen Carry Return Index 145.37 -.13%
  • Emerging Markets Currency Volatility(VXY) 9.32 -.43%
  • S&P 500 Implied Correlation 52.53 -.42%
  • ISE Sentiment Index 131.0 unch.
  • Total Put/Call .89 +9.88%
  • NYSE Arms 1.51 +108.01% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 67.75 +.15%
  • European Financial Sector CDS Index 94.0 +.21%
  • Western Europe Sovereign Debt CDS Index 53.0 unch.
  • Asia Pacific Sovereign Debt CDS Index 108.61 -2.19%
  • Emerging Market CDS Index 327.53 +2.03%
  • China Blended Corporate Spread Index 362.29 +.11%
  • 2-Year Swap Spread 12.0 -.25 basis point
  • TED Spread 17.75 +2.0 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -4.0 +.75 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .06% -2.0 basis points
  • Yield Curve 237.0 unch.
  • China Import Iron Ore Spot $120.80/Metric Tonne -.08%
  • Citi US Economic Surprise Index 24.60 +1.0 point
  • Citi Emerging Markets Economic Surprise Index 12.40 +1.5 points
  • 10-Year TIPS Spread 2.18 +1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating -73 open in Japan
  • DAX Futures: Indicating +11 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my tech/medical/biotech sector longs and emerging markets shorts
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 50% Net Long

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