Friday, January 16, 2015

Stocks Rising into Final Hour on Commodity Bounce, Central Bank Hopes, Yen Weakness, Energy/Biotech Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Slightly Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 22.23 -.71%
  • Euro/Yen Carry Return Index 142.23 +.75%
  • Emerging Markets Currency Volatility(VXY) 11.08 +.4%
  • S&P 500 Implied Correlation 68.06 +2.24%
  • ISE Sentiment Index 123.0 +95.24%
  • Total Put/Call .92 -9.80%
  • NYSE Arms .87 -34.86% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 72.11 -1.45%
  • America Energy Sector High-Yield CDS Index 747.0 +.86%
  • European Financial Sector CDS Index 65.68 -1.97%
  • Western Europe Sovereign Debt CDS Index 26.13 -2.68%
  • Asia Pacific Sovereign Debt CDS Index 76.84 +2.59%
  • Emerging Market CDS Index 387.27 -.58%
  • China Blended Corporate Spread Index 384.77 +1.42%
  • 2-Year Swap Spread 24.25 +.75 basis point
  • TED Spread 22.75 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -18.25 -.5 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .02% -1.0 basis point
  • Yield Curve 134.0 +1.0 basis point
  • China Import Iron Ore Spot $68.61/Metric Tonne -.03%
  • Citi US Economic Surprise Index 7.20 -4.5 points
  • Citi Eurozone Economic Surprise Index -3.8 -3.2 points
  • Citi Emerging Markets Economic Surprise Index -15.70 -.6 point
  • 10-Year TIPS Spread 1.60 +2.0 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +171 open in Japan
  • DAX Futures: Indicating +59 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/tech/medical/retail sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 50% Net Long

No comments: