Monday, May 15, 2017

Stocks Rising into Final Hour on Oil Gain, Yen Weakness, Technical Buying, Commodity/Financial Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Almost Every Sector Rising
  • Volume: Above Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 10.47 +.67%
  • Euro/Yen Carry Return Index 130.29 +.76%
  • Emerging Markets Currency Volatility(VXY) 7.95 -.25%
  • S&P 500 Implied Correlation 40.68 -3.28%
  • ISE Sentiment Index 101.0 unch.
  • Total Put/Call .72 -15.29%
  • NYSE Arms .87 -27.9%
Credit Investor Angst:
  • North American Investment Grade CDS Index 61.82 -1.05%
  • America Energy Sector High-Yield CDS Index 367.0 -1.03%
  • European Financial Sector CDS Index 67.59 -1.37%
  • Western Europe Sovereign Debt CDS Index 8.68 +10.15%
  • Asia Pacific Sovereign Debt CDS Index 20.52 +.05%
  • Emerging Market CDS Index 190.23 -2.16%
  • iBoxx Offshore RMB China Corporate High Yield Index 137.83 +.12%
  • 2-Year Swap Spread 23.50 -1.5 basis points
  • TED Spread 30.5 -1.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -31.0 +1.0 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 72.89 +.57%
  • 3-Month T-Bill Yield .88% +1.0 basis point
  • Yield Curve 104.0 unch.
  • China Import Iron Ore Spot $60.80/Metric Tonne -.94%
  • Citi US Economic Surprise Index -32.0 -3.5 points
  • Citi Eurozone Economic Surprise Index 67.50 -2.0 points
  • Citi Emerging Markets Economic Surprise Index 28.8 -4.3 points
  • 10-Year TIPS Spread 1.85 -1.0 basis point
  • 90.2% chance of Fed rate hike at July 26 meeting, 93.7% chance at Sept. 20 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +76 open in Japan 
  • China A50 Futures: Indicating +44 open in China
  • DAX Futures: Indicating +3 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/tech/medical sector longs 
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

No comments: