Market Week in Review

• S&P 500 2,091.41 +.69%*

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 2,091.41 +.69%

• DJIA 17,478.80 +.62%

• NASDAQ 5,048.73 +.12%

• Russell 2000 1,211.51 +.37%

• S&P 500 High Beta 32.0 +.72%

• Goldman 50 Most Shorted 130.87 -.88% 

• Wilshire 5000 21,808.50 +.68%

• Russell 1000 Growth 1,015.64 +.56%

• Russell 1000 Value 1,009.95 +.85%

• S&P 500 Consumer Staples 513.93 unch.

• Solactive US Cyclical 128.17 +.47%

• Morgan Stanley Technology 1,074.44 +.73%

• Transports 8,318.82 +.85%

• Utilities 604.14 +2.33%

• Bloomberg European Bank/Financial Services 115.38 -3.24%

• MSCI Emerging Markets 35.57 -2.44%

• HFRX Equity Hedge 1,196.41 -.67%

• HFRX Equity Market Neutral 1,004.32 -.49%

Sentiment/Internals

• NYSE Cumulative A/D Line 231,601 -.18%

• Bloomberg New Highs-Lows Index -393 +277

• Bloomberg Crude Oil % Bulls 34.15 +298.5%

• CFTC Oil Net Speculative Position 247,093 n/a

• CFTC Oil Total Open Interest 1,736,523 n/a

• Total Put/Call 1.05 -13.01%

• OEX Put/Call .84 +68.12%

• ISE Sentiment 99.0 +55.36%

• NYSE Arms 1.21 -19.44%

• Volatility(VIX) 13.07 -1.86%

• S&P 500 Implied Correlation 55.36 +1.26%

• G7 Currency Volatility (VXY) 9.1 -2.57%

• Emerging Markets Currency Volatility (EM-VXY) 10.75 +14.4%

• Smart Money Flow Index 16,981.29 +1.41%

• ICI Money Mkt Mutual Fund Assets $2.675 Trillion +.2%

• ICI US Equity Weekly Net New Cash Flow -$7.303 Billion

• AAII % Bulls 30.5 +25.2%

• AAII % Bears 36.2 +14.2%

Futures Spot Prices

• CRB Index 197.97 -.18%

• Crude Oil 42.31 -3.29%

• Reformulated Gasoline 168.81 +3.7%

• Natural Gas 2.80 +.57%

• Heating Oil 155.09 +.68%

• Gold 1,112.40 +1.90%

• Bloomberg Base Metals Index 148.44 unch.

• Copper 234.75 +1.05%

• US No. 1 Heavy Melt Scrap Steel 231.47 USD/Ton -2.2%

• China Iron Ore Spot 56.74 USD/Ton +.6%

• Lumber 252.70 -2.50%

• UBS-Bloomberg Agriculture 1,041.86 -1.46%

Economy

• ECRI Weekly Leading Economic Index Growth Rate .2% unch.

• Philly Fed ADS Real-Time Business Conditions Index .0365 -5.93%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 126.19 +.18%

• Citi US Economic Surprise Index -4.4 +3.8 points

• Citi Eurozone Economic Surprise Index 8.8 -6.2 points

• Citi Emerging Markets Economic Surprise Index -6.3 -2.8 points

• Fed Fund Futures imply 50.0% chance of no change, 50.0% chance of 25 basis point hike on 9/17
• # of Months to 1st Fed Rate Hike(Morgan Stanley) 3.68 -2.13%

• US Dollar Index 96.55 -1.01%

• Euro/Yen Carry Return Index 144.29 +1.4%

• Yield Curve 147.0 +2.0 basis points

• 10-Year US Treasury Yield 2.20% +3.0 basis points

• Federal Reserve's Balance Sheet $4.451 Trillion +.05%

• U.S. Sovereign Debt Credit Default Swap 16.5 unch.

• Illinois Municipal Debt Credit Default Swap 228.0 -7.4%

• Western Europe Sovereign Debt Credit Default Swap Index 22.37 -.49%

• Asia Pacific Sovereign Debt Credit Default Swap Index 69.97 +7.23%
  

• Emerging Markets Sovereign Debt CDS Index 307.65 +1.34%
  

• Israel Sovereign Debt Credit Default Swap 66.45 +1.05%

• Iraq Sovereign Debt Credit Default Swap 684.92 -1.88%

• Russia Sovereign Debt Credit Default Swap 374.16 +2.76%

• iBoxx Offshore RMB China Corporates High Yield Index 119.38 -1.33%

• 10-Year TIPS Spread 1.63% -3.0 basis points

• TED Spread 23.0 -5.0 basis points

• 2-Year Swap Spread 24.25 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -20.75 -.25 basis point

• N. America Investment Grade Credit Default Swap Index 76.8 +1.77%

• America Energy Sector High-Yield Credit Default Swap Index 1,902.0 +3.34%

• European Financial Sector Credit Default Swap Index 76.40 -.22%
  

• Emerging Markets Credit Default Swap Index 343.30 +2.04%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 103.0 +7.0 basis points

• M1 Money Supply $3.117 Trillion +2.91%

• Commercial Paper Outstanding 1,058.80 -.80%

• 4-Week Moving Average of Jobless Claims 266,250 -2,000

• Continuing Claims Unemployment Rate 1.7% unch.

• Average 30-Year Mortgage Rate 3.94% +3 basis points

• Weekly Mortgage Applications 397.50 +.08%

• Bloomberg Consumer Comfort 40.7 +.4 point

• Weekly Retail Sales +1.90% +60.0 basis points

• Nationwide Gas $2.65/gallon +.03/gallon

• Baltic Dry Index 1,046.0 -12.83%

• China (Export) Containerized Freight Index 819.62 +2.59%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 -9.09%

• Rail Freight Carloads 274,424 +1.84%

Best Performing Style

• Mid-Cap Value -%

Worst Performing Style

• Small-Cap Growth -%

Leading Sectors

• Gold & Silver +8.4%

• Homebuilders +5.1%

• Telecom +4.0%

• Energy +3.0%

• Utilities +2.2%

Lagging Sectors

• Biotech -1.1% 

• Papers -1.3%

• Airlines -1.4%

• Education -1.7%

• Gaming -5.9%

Weekly High-Volume Stock Gainers (20)

• W, YDLE, SYA, STMP, ICUI, CVT, POST, PCP, HCKT, NVAX, TWOU, NVDA, NUS, OME, BGG, AAP, AEL, CREE, SYY and AGX

Weekly High-Volume Stock Losers (42)

• STCK, DF, RRGB, BID, MMS, RAX, WK, KSS, HALO, NHI, INCR, PRAA, DTSI, APEI, AHP, OLED, CTRE, TUBE, NGHC, SUNE, TPC, FRPT, EVDY, UVV, SHAK, BLUE, LJPC, ZBRA, IMDZ, BCRX, EGRX, ENV, RENT, XON, RLYP, CLDX, LXU, ASCMA, ICON, WRLD, FLDM and KPTI

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Modestly Higher into Afternoon on Central Bank Hopes, Oil Bounce, Technical Buying, Financial/Defense Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Slightly Lower
  

• Sector Performance: Mixed
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 13.33 -1.19%

• Euro/Yen Carry Return Index 144.38 -.38%

• Emerging Markets Currency Volatility(VXY) 10.75 -1.47%

• S&P 500 Implied Correlation 55.97 -1.44%

• ISE Sentiment Index 92.0 +19.48%

• Total Put/Call 1.12 +17.89%

• NYSE Arms 1.10 -9.42% 

Credit Investor Angst:

• North American Investment Grade CDS Index 76.83 +.25%

• America Energy Sector High-Yield CDS Index 1,901.0 -.21%

• European Financial Sector CDS Index 76.41 +.78%

• Western Europe Sovereign Debt CDS Index 22.27 -2.17%

• Asia Pacific Sovereign Debt CDS Index 70.07 +2.11%

• Emerging Market CDS Index 343.18 +1.23%
  

• iBoxx Offshore RMB China Corporates High Yield Index 119.38 -.44%

• 2-Year Swap Spread 24.25 unch.

• TED Spread 23.0 +1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -20.5 -.75 basis point

Economic Gauges:

• 3-Month T-Bill Yield .09% +1.0 basis point

• Yield Curve 146.0 -2.0 basis points

• China Import Iron Ore Spot $56.74/Metric Tonne -.49%

• Citi US Economic Surprise Index -4.4 +1.0 point

• Citi Eurozone Economic Surprise Index 8.8 -3.4 points

• Citi Emerging Markets Economic Surprise Index -6.3 +1.1 points

• 10-Year TIPS Spread 1.63 unch.
• # of Months to 1st Fed Rate Hike(Morgan Stanley) 3.68 -.32

Overseas Futures:

• Nikkei 225 Futures: Indicating +56 open in Japan 
• China A50 Futures: Indicating -124 open in China

• DAX Futures: Indicating +36 open in Germany

Portfolio: 

• Slightly Higher: On gains in my tech/retail/medical sector longs 

• Disclosed Trades: None

• Market Exposure: 50% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Growth -.45%

Sector Underperformers:

• 1) Oil Service -1.72% 2) Biotech -1.31% 3) Semis -1.08%

Stocks Falling on Unusual Volume:

• LOCO, AZPN, ARMH, AAVL, WLH, KING, BAP, PRTY, KPTI, MRKT, OMER, ONCE, W, ASML, AMAT, WLDN, CPA, PCTY, CPHD, AFMD, EGRX, CSTE, KITE, LXFT, ALDW, TWOU, SUNE, OVAS and OCUL

Stocks With Unusual Put Option Activity:

• 1) DXJ 2) EWJ 3) STX 4) AMAT 5) JCP
  

Stocks With Most Negative News Mentions:

• 1) KSS 2) TDW 3) PBR 4) LOCO 5) VALE
  

Charts:

• ETFs Falling on Unusual Volume

• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Small-Cap Value +.24%

Sector Outperformers:

• 1) Steel +.98% 2) Tobacco +.78% 3) Banks +.61%
  

Stocks Rising on Unusual Volume:

• KMPH, WX, DAR, JWN, AQXP, FGEN, DAR and POST

Stocks With Unusual Call Option Activity:

• 1) POST 2) JWN 3) LOCO 4) BKD 5) LOW
  

Stocks With Most Positive News Mentions:

• 1) JWN 2) DD 3) CF 4) CYBR 5) M
  

Charts:

• ETFs Rising on Unusual Volume 

• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running 19.5% Below 100-day average
• 7 Sectors Rising, 3 Sectors Declining
• 57.5% of Issues Advancing, 37.9% Declining
• 18 New 52-Week Highs, 63 New Lows
• 37.7% of Issues Above 200-day Moving Average
• Average 14-Day RSI 39.9
• Vix 13.5
• Total Put/Call 1.16
• TRIN/Arms .72