Monday, April 27, 2015

Stocks Reversing Lower into Final Hour on Global Growth Worries, Technical Selling, Profit-Taking, Biotech/Healthcare Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Most Sectors Declining
  • Volume: Slightly Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 13.04 +6.10%
  • Euro/Yen Carry Return Index 135.38 +.19%
  • Emerging Markets Currency Volatility(VXY) 9.93 -.10%
  • S&P 500 Implied Correlation 67.78 -.95%
  • ISE Sentiment Index 115.0 +21.05%
  • Total Put/Call .90 +18.42%
  • NYSE Arms .84 -16.20% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 60.99 -.56%
  • America Energy Sector High-Yield CDS Index 1,058.0 -.92%
  • European Financial Sector CDS Index 70.64 -3.86%
  • Western Europe Sovereign Debt CDS Index 26.60 +1.88%
  • Asia Pacific Sovereign Debt CDS Index 59.30 -2.34%
  • Emerging Market CDS Index 292.99 -.18%
  • iBoxx Offshore RMB China Corporates High Yield Index 117.59 +.26%
  • 2-Year Swap Spread 25.75 -.25 basis point
  • TED Spread 26.5 +.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -19.75 +.75 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .01% -1.0 basis point
  • Yield Curve 140.0 unch.
  • China Import Iron Ore Spot $59.09/Metric Tonne +2.21%
  • Citi US Economic Surprise Index -56.0 +1.7 points
  • Citi Eurozone Economic Surprise Index 17.40 -3.1 points
  • Citi Emerging Markets Economic Surprise Index -14.1 -.7 point
  • 10-Year TIPS Spread 1.91 +1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +102 open in Japan
  • DAX Futures: Indicating +1 open in Germany
Portfolio: 
  • Lower: On losses in my biotech/medical sector longs and emerging markets shorts
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 25% Net Long

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