Wednesday, March 11, 2015

Stocks Slightly Lower into Final Hour on Global Growth Fears, Earnings Worries, Oil Decline, Gaming/Tech Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Modestly Higher
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 16.79 +.60%
  • Euro/Yen Carry Return Index 133.72 -1.22%
  • Emerging Markets Currency Volatility(VXY) 10.65 -1.21%
  • S&P 500 Implied Correlation 61.14 +1.03%
  • ISE Sentiment Index 84.0 unch.
  • Total Put/Call 1.17 +10.38%
  • NYSE Arms .79 -69.90% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 65.06 -.10%
  • America Energy Sector High-Yield CDS Index 738.0 +3.62%
  • European Financial Sector CDS Index 56.72 -1.29%
  • Western Europe Sovereign Debt CDS Index 20.40 +1.49%
  • Asia Pacific Sovereign Debt CDS Index 67.20 -1.07%
  • Emerging Market CDS Index 413.22 -.97%
  • iBoxx Offshore RMB China Corporates High Yield Index 113.84 -.02%
  • 2-Year Swap Spread 26.5 -.75 basis point
  • TED Spread 26.25 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -20.25 +3.25 basis points
Economic Gauges:
  • 3-Month T-Bill Yield .02% +1.0 basis point
  • Yield Curve 142.0 -3.0 basis points
  • China Import Iron Ore Spot $57.61/Metric Tonne -.93%
  • Citi US Economic Surprise Index -50.50 -.4 point
  • Citi Eurozone Economic Surprise Index 46.3 -.8 point
  • Citi Emerging Markets Economic Surprise Index 3.30 -9.0 points
  • 10-Year TIPS Spread 1.73 -1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +81 open in Japan
  • DAX Futures: Indicating +39 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my biotech/medical/retail sector longs 
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 25% Net Long

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