Tuesday, May 27, 2014

Stocks Rising into Final Hour on Less Eurozone Debt Angst, Technical Buying, Short-Covering, Biotech/Tech Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 11.57 +1.85%
  • Euro/Yen Carry Return Index 145.11 -.06%
  • Emerging Markets Currency Volatility(VXY) 7.04 +2.03%
  • S&P 500 Implied Correlation 55.20 -2.42%
  • ISE Sentiment Index 36.0 -4.90%
  • Total Put/Call .74 -1.33%
  • NYSE Arms 1.18 +25.19% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 62.76 -.92%
  • European Financial Sector CDS Index 74.59 -3.60%
  • Western Europe Sovereign Debt CDS Index 35.75 -4.04%
  • Asia Pacific Sovereign Debt CDS Index 81.33 -1.22%
  • Emerging Market CDS Index 260.93 -.13%
  • China Blended Corporate Spread Index 349.79 n/a
  • 2-Year Swap Spread 16.25 +.25 basis point
  • TED Spread 20.0 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -9.25 -2.0 basis points
Economic Gauges:
  • 3-Month T-Bill Yield .03% unch.
  • Yield Curve 217.0 -2.0 basis points
  • China Import Iron Ore Spot $98.10/Metric Tonne -.51%
  • Citi US Economic Surprise Index 2.0 +.6 point
  • Citi Emerging Markets Economic Surprise Index -20.40 -1.3 points
  • 10-Year TIPS Spread 2.21 -1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +43 open in Japan
  • DAX Futures: Indicating +3 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/medical/tech sector longs and emerging markets shorts
  • Disclosed Trades: None
  • Market Exposure: 75% Net Long

No comments: