Indices
- Russell 2000 1,2567.54 +1.25%
- S&P 500 High Beta 35.64 +1.16%
- Goldman 50 Most Shorted 140.78 -.12%
- Wilshire 5000 22,183.78 +1.65%
- Russell 1000 Growth 1,021.76 +2.38%
- Russell 1000 Value 1,033.11 +.96%
- S&P 500 Consumer Staples 504.47 +.06%
- Solactive US Cyclical 138.93 +.91%
- Morgan Stanley Technology 1,050.29 +2.99%
- Transports 8,880.17 +2.69%
- Bloomberg European Bank/Financial Services 120.27 +3.28%
- MSCI Emerging Markets 43.67 +2.75%
- HFRX Equity Hedge 1,227.46 -.09%
- HFRX Equity Market Neutral 991.75 -.31%
Sentiment/Internals
- NYSE Cumulative A/D Line 242,710 +1.20%
- Bloomberg New Highs-Lows Index 214 +34
- Bloomberg Crude Oil % Bulls 26.8 +13.1%
- CFTC Oil Net Speculative Position 323,092 +14.51%
- CFTC Oil Total Open Interest 1,723,025 -2.92%
- Total Put/Call .76 -32.14%
- OEX Put/Call 1.84 +18.71%
- ISE Sentiment 95.0 +11.76%
- Volatility(VIX) 12.29 -11.52%
- S&P 500 Implied Correlation 68.43 +1.92%
- G7 Currency Volatility (VXY) 10.31 +.1%
- Emerging Markets Currency Volatility (EM-VXY) 9.95 +.61%
- Smart Money Flow Index 17,730.05 -.05%
- ICI Money Mkt Mutual Fund Assets $2.588 Trillion -.27%
- ICI US Equity Weekly Net New Cash Flow -$5.700 Billion
Futures Spot Prices
- Reformulated Gasoline 200.79 +3.67%
- Heating Oil 192.83 +1.94%
- Bloomberg Base Metals Index 174.16 -.27%
- US No. 1 Heavy Melt Scrap Steel 230.0 USD/Ton+.88%
- China Iron Ore Spot 57.81 USD/Ton +13.51%
- UBS-Bloomberg Agriculture 1,112.41 -.60%
Economy
- ECRI Weekly Leading Economic Index Growth Rate -.7% +70.0 basis points
- Philly Fed ADS Real-Time Business Conditions Index -.5070 +5.75%
- S&P 500 Blended Forward 12 Months Mean EPS Estimate 123.07 +.12%
- Citi US Economic Surprise Index -57.7 -3.5 points
- Citi Eurozone Economic Surprise Index 20.50 -32.9 points
- Citi Emerging Markets Economic Surprise Index -13.50 -2.0 points
- Fed Fund Futures imply 50.0% chance of no change, 50.0% chance of 25 basis point cut on 4/29
- US Dollar Index 96.92 -.54%
- Euro/Yen Carry Return Index 135.12 +.68%
- Yield Curve 140.0 +4.0 basis points
- 10-Year US Treasury Yield 1.91% +4.0 basis points
- Federal Reserve's Balance Sheet $4.456 Trillion +.10%
- U.S. Sovereign Debt Credit Default Swap 16.14 -5.99%
- Illinois Municipal Debt Credit Default Swap 173.0 -.77%
- Western Europe Sovereign Debt Credit Default Swap Index 26.11 -1.66%
- Asia Pacific Sovereign Debt Credit Default Swap Index 60.72 -1.60%
- Emerging Markets Sovereign Debt CDS Index 324.46 -3.40%
- Israel Sovereign Debt Credit Default Swap 74.76 +3.12%
- Iraq Sovereign Debt Credit Default Swap 351.18 -.68%
- Russia Sovereign Debt Credit Default Swap 350.64 -3.50%
- iBoxx Offshore RMB China Corporates High Yield Index 117.29 +.66%
- 10-Year TIPS Spread 1.90% +1.0 basis point
- TED Spread 25.75 -.25 basis point
- 2-Year Swap Spread 26.0 -.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -20.5 +3.25 basis points
- N. America Investment Grade Credit Default Swap Index 61.77 -1.52%
- America Energy Sector High-Yield Credit Default Swap Index 1,068.0 +1.02%
- European Financial Sector Credit Default Swap Index 73.47 -2.91%
- Emerging Markets Credit Default Swap Index 293.53 -3.07%
- CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 87.50-2.5 basis points
- M1 Money Supply $2.980 Trillion -2.02%
- Commercial Paper Outstanding 1,025.50 -.60%
- 4-Week Moving Average of Jobless Claims 284,500 +1,750
- Continuing Claims Unemployment Rate 1.7% unch.
- Average 30-Year Mortgage Rate 3.65% -2.0 basis points
- Weekly Mortgage Applications 458.40 +2.28%
- Bloomberg Consumer Comfort 45.4 -1.2 points
- Weekly Retail Sales +1.0% -10 basis points
- Nationwide Gas $2.51/gallon +.08/gallon
- Baltic Dry Index 599.0 +.33%
- China (Export) Containerized Freight Index 926.83 -2.60%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 35.0 +7.69%
- Rail Freight Carloads 280,016 +3.53%
Best Performing Style
Worst Performing Style
Leading Sectors
Lagging Sectors
Weekly High-Volume Stock Gainers (22)
- AST, ECHO, CAMP, LJPC, ARRS, ADPT, MDSO, SKX, VASC, AEC, FTNT, CE, OCR, RMBS, VSI, TTS, HAS, IMPR, DLB, UTEK, CAKE and SCHL
Weekly High-Volume Stock Losers (18)
- TWC, CMG, NOW, HOG, TRN, DHI, PKG, CREE, PHM, SANM, PRO, GLF, ADTN, SMCI, ICON, FTK, NVIV and FARO
Weekly Charts
ETFs
Stocks
*5-Day Change
Broad Equity Market Tone:
- Advance/Decline Line: Modestly Lower
- Sector Performance: Mixed
- Volume: Slightly Below Average
- Market Leading Stocks: Underperforming
Equity Investor Angst:
- Volatility(VIX) 12.37 -.88%
- Euro/Yen Carry Return Index 134.95 -.20%
- Emerging Markets Currency Volatility(VXY) 9.99 +.71%
- S&P 500 Implied Correlation 67.84 -.10%
- ISE Sentiment Index 89.0 -28.80%
- Total Put/Call .78 -23.53%
Credit Investor Angst:
- North American Investment Grade CDS Index 61.47 +.01%
- America Energy Sector High-Yield CDS Index 1,067.0 -.43%
- European Financial Sector CDS Index 73.48 +1.28%
- Western Europe Sovereign Debt CDS Index 26.11 +1.22%
- Asia Pacific Sovereign Debt CDS Index 60.21 +.57%
- Emerging Market CDS Index 292.89 -.12%
- iBoxx Offshore RMB China Corporates High Yield Index 117.29 +.17%
- 2-Year Swap Spread 26.0 -.5 basis point
- TED Spread 25.75 +.25 unch.
- 3-Month EUR/USD Cross-Currency Basis Swap -20.5 -.25 basis point
Economic Gauges:
- 3-Month T-Bill Yield .02% unch.
- Yield Curve 140.0 -2.0 basis points
- China Import Iron Ore Spot $57.81/Metric Tonne +5.45%
- Citi US Economic Surprise Index -57.70 -.9 point
- Citi Eurozone Economic Surprise Index 20.50 -.1 point
- Citi Emerging Markets Economic Surprise Index -13.4 +.9 point
- 10-Year TIPS Spread 1.90 +1.0 basis point
Overseas Futures:
- Nikkei Futures: Indicating +21 open in Japan
- DAX Futures: Indicating +19 open in Germany
Portfolio:
- Higher: On gains in my tech sector longs and index hedges
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 50% Net Long
Bloomberg:
- EU Frustration Mounts as Greeks Try to Bypass Aid Process. (video) Euro-area finance ministers voiced their frustration with Greece
after Prime Minister Alexis Tsipras tried to bypass their veto on
financial aid with an appeal to Angela Merkel. With Greece running
out of money and stalling over commitments to reform, euro-zone finance
chiefs meeting in Riga, Latvia, Friday said the country’s authorities
still haven’t shown sufficient progress on plans to revamp the economy
to justify a loan payout. “I demand very urgently that we get results on
the table,” Austrian
Finance Minister Hans Joerg Schelling said before sitting down for
talks. “If you follow the media of the past days you hear time and again
that ‘Tsipras says’ and ‘Tsipras thinks’, so apparently this has been
moved to leaders’ level.”
- Merkel Calls for Calm as Greek Talks Descend Into Name-Calling. German
Chancellor Angela Merkel called for calm after a euro-area finance
ministers’ meeting on Greece descended into acrimony and name-calling.
Finance chiefs meeting in Riga, Latvia, on Friday, let loose at Yanis
Varoufakis, their Greek counterpart, as they ruled out making a partial
aid payment in exchange for a narrower program of reforms. “It’s important that we show understanding for each other,” Merkel
told a crowd at a campaign event in Bremerhaven, Germany. While all
sides are working toward a deal, “we don’t know if this will work out,”
she said.
- Ukraine’s President Says Martial Law Ready If Troops Attacked. President Petro Poroshenko said he’s ready to place Ukraine under
martial law if his army is attacked in the embattled eastern part of the
country. “If Ukrainian troops are attacked, we can do everything to introduce
martial law,” Poroshenko said in an interview with the Ukraina
television channel on Friday. “I will submit to parliament a
corresponding bill and the country will very quickly move to a military
footing.”
- China to Crack Down on Stock Manipulation as Market Soars. China’s securities regulator started a campaign to crack down on
stock-market manipulation and insider trading, the latest effort to
reduce risks as an equities boom lures a record number of novice
investors. The China Securities Regulatory Commission will target trading by
brokerage employees using non-public information, and market
manipulation, including of futures prices, the CSRC said in a Friday
statement on its website. The regulator also cited insider trading in
over-the-counter markets and accounting fraud in mergers and
acquisition.
- Pimco’s Kiesel Sees Bubble in $3 Trillion of Negative-Yield Debt. Forget high-yield bonds. The real froth in markets can be found in
the swelling pool of negative-yielding government debt from Europe to
Japan. That’s according to Mark Kiesel, chief investment officer for global
credit at Pacific Investment Management Co., who’s increasingly wary of
investors paying governments from Spain to Switzerland to lend to them.
- European Stocks Extend Weekly Advance as HSBC, Miners Climb. European
stocks rebounded, extending weekly gains, as HSBC Holdings
Plc led banks higher and companies including Renault SA rose on sales
and earnings releases. HSBC climbed 2.9 percent after saying that it has
started a review into moving its headquarters from the U.K. Renault
added 3.7 percent after reporting quarterly sales rose 14 percent.
Glencore Plc, BHP Billiton Ltd. and Rio Tinto Group led commodity
producers to the biggest gain of the 19 industry groups on the Stoxx
Europe 600 Index as iron ore advanced into a bull market. AstraZeneca
Plc declined 1.7 percent after posting lower first-quarter earnings.
The Stoxx 600 rose 0.3 percent to 408.42 at the close of trading, for a weekly gain of 1.2 percent.
- Saudi Arabia Has a Solution to the Global Oil Glut Problem. Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. The world’s biggest oil
exporter, having abandoned last year its role of keeping global markets
in balance, now has incentive to maximize output and undermine rival
producers by using its reserve capacity, according to Citigroup Inc. and
UBS AG. Just meeting its own domestic demand this summer will require a
lot more fuel, others estimate.
- Some of the flash crash story just makes no sense. The first question that arises from the Commodity Futures Trading
Commission's case against Navinder Singh Sarao is: Why did it take them
five years to bring it? A guy living with his parents next to
London's Heathrow Airport enters a lot of big, phony orders to sell U.S.
stock market futures; the market promptly collapses on May 6, 2010; it
takes five years for the army of U.S. financial regulators to work out
that there might be some connection between the two events. It makes no
sense.
- Retail Stocks Flash Bearish Signal on Oil, U.S. Spending Pause. Retail stocks are trailing the broader market as the plunge in oil prices shows signs of coming to an end. The SPDR Standard & Poor’s Retail Exchange-Traded Fund -- made up
of more than 100 companies including Wal-Mart Stores Inc. and
Amazon.com Inc. -- has fallen 0.4 percentage point since April 2, while
the SPDR S&P 500 ETF has risen 2.3 percentage points -- see chart.
That follows a 10-month rally when the retail group outpaced the
benchmark fund by 12 percentage points.
ZeroHedge:
Reuters:
Telegraph:
Style Underperformer:
Sector Underperformers:
- 1) Education -3.62% 2) Semis -2.22% 3) Oil Service -1.81%
Stocks Falling on Unusual Volume:
- AERI, SPNC, AWAY, UIS, EMES, PRGO, INFY, XRX, BGG, HWAY, DV, UBNT, NTGR, SCHL, TRN, NVDQ, BJRI, BIIB, CVTI, SSD, NLSN, CHTR, HBI, SRCL, VRSN, PII, RMBS, PRLB, NCR, EFII, RHI, SYA, ETH, KN, CAMP, ARRS, HCLP, HBI, FRGI, SYNA, MTSI, MPWR, MXIM, HZO, OFG, DDD, XRX, RMD, CVTI and NTGR
Stocks With Unusual Put Option Activity:
- 1) PII 2) XLB 3) MBI 4) ALTR 5) GPS
Stocks With Most Negative News Mentions:
- 1) BBY 2) MTW 3) EMES 4) UBNT 5) LL
Charts:
Style Outperformer:
Sector Outperformers:
- 1) Internet +3.49% 2) Steel +2.99% 3) Software +2.95%
Stocks Rising on Unusual Volume:
- GIMO, EHTH, AMZN, TBI, ACTG, DNKN, HUBG, ALGN, CPHD, JNPR, MSFT, ASPS, BGS, VLTC, AAN, HA, NEM, QLIK, MMSI, SBUX and MAT
Stocks With Unusual Call Option Activity:
- 1) NUAN 2) SVU 3) VDSI 4) DNKN 5) DTV
Stocks With Most Positive News Mentions:
- 1) MAT 2) JNPR 3) AMZN 4) MSFT 5) DPZ
Charts:
