Weekly Scoreboard*

Indices

• S&P 500 2,159.03 +3.67%

• DJIA 18,814.24 +5.10%

• NASDAQ 5,223.03 +3.37%

• Russell 2000 1,276.64 +9.82%

• S&P 500 High Beta 34.12 +7.59%

• Goldman 50 Most Shorted 114.89 +9.56%

• Wilshire 5000 22,399.10 +4.04%

• Russell 1000 Growth 1,027.70 +2.83%

• Russell 1000 Value 1,049.01 +4.62%

• S&P 500 Consumer Staples 517.03 -2.24%

• Vanda Cyclicals-Defensives 1.2858 +6.55%
  

• Morgan Stanley Technology 1,188.73 +1.33%

• Transports 8,554.37 +6.02%

• Utilities 626.91 -3.77%

• Bloomberg European Bank/Financial Services 84.79 +7.70%

• MSCI Emerging Markets 35.06 -3.41%

• HFRX Equity Hedge 1,138.96 +1.05%

• HFRX Equity Market Neutral 999.71 +.19%

Sentiment/Internals

• NYSE Cumulative A/D Line 265,580 +.96%

• Bloomberg New Highs-Lows Index 529 +914

• Bloomberg Crude Oil % Bulls 36.8 +47.4%

• CFTC Oil Net Speculative Position 354,399 -12.19%

• CFTC Oil Total Open Interest 1,854,612 +1.8%

• Total Put/Call 1.11 -19.12%

• OEX Put/Call 1.61 +19.7%

• ISE Sentiment 77.0 -7.41%

• NYSE Arms 1.24 +9.61%

• Volatility(VIX) 15.03 -33.67%

• S&P 500 Implied Correlation 40.50 -44.8%

• G7 Currency Volatility (VXY) 10.38 +1.07%

• Emerging Markets Currency Volatility (EM-VXY) 10.38 +5.42%

• Smart Money Flow Index 18,905.87 +2.62%

• ICI Money Mkt Mutual Fund Assets $2.683 Trillion +.22%

• ICI US Equity Weekly Net New Cash Flow -$5.779 Billion

• AAII % Bulls 38.9 +64.5%

• AAII % Bears 29.3 -14.5%

Futures Spot Prices

• CRB Index 180.74 -.84%

• Crude Oil 43.21 -1.79%

• Reformulated Gasoline 129.81 -5.98%

• Natural Gas 2.62 -5.65%

• Heating Oil 139.60 -2.46%

• Gold 1,222.70 -6.41%

• Bloomberg Base Metals Index 176.32 +10.5%

• Copper 251.30 +11.1%

• US No. 1 Heavy Melt Scrap Steel 176.33 USD/Ton unch.

• China Iron Ore Spot 79.81 USD/Ton +22.78%

• Lumber 319.80 +2.66%

• UBS-Bloomberg Agriculture 1,159.03 -1.31%

Economy

• Atlanta Fed GDPNow Forecast +3.1% unch.
• ECRI Weekly Leading Economic Index Growth Rate +6.7% -60.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index -.0742 +15.39%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 129.34 +.16%

• Citi US Economic Surprise Index -7.90 +5.0 points

• Citi Eurozone Economic Surprise Index 34.6 -1.6 points

• Citi Emerging Markets Economic Surprise Index -4.6 -1.6 points

• Fed Fund Futures imply 26.0% chance of no change, 84.0% chance of 25 basis point hike on 12/14

• US Dollar Index 97.07 +2.25%
• MSCI Emerging Markets Currency Index 1,519.81 -1.25%

• Euro/Yen Carry Return Index 120.90 +.76%

• Yield Curve 124.0 +25.0 basis points

• 10-Year US Treasury Yield 2.15% +37.0 basis points

• Federal Reserve's Balance Sheet $4.415 Trillion +.05%

• U.S. Sovereign Debt Credit Default Swap 28.99 +22.84%

• Illinois Municipal Debt Credit Default Swap 359.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 20.82 +7.62%

• Asia Pacific Sovereign Debt Credit Default Swap Index 41.82 +14.98%
  

• Emerging Markets Sovereign Debt CDS Index 97.41 +2.66%
  

• Israel Sovereign Debt Credit Default Swap 72.64 +3.4%

• Iraq Sovereign Debt Credit Default Swap 749.93 unch.

• Russia Sovereign Debt Credit Default Swap 233.93 -1.46%

• iBoxx Offshore RMB China Corporate High Yield Index 132.75 +.12%

• 10-Year TIPS Spread 1.91% +22.0 basis points
  

• TED Spread 43.5 -8.0 basis points

• 2-Year Swap Spread 24.75 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -40.25 +5.75 basis points

• N. America Investment Grade Credit Default Swap Index 77.28 -3.75%

• America Energy Sector High-Yield Credit Default Swap Index 643.0 -1.55%

• European Financial Sector Credit Default Swap Index 98.52 -1.64%
  

• Emerging Markets Credit Default Swap Index 267.04 +6.58%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 139.0 -1.0 basis point
  

• M1 Money Supply $3.333 Trillion -.43%

• Commercial Paper Outstanding 907.70 unch.

• 4-Week Moving Average of Jobless Claims 259,750 +2,000

• Continuing Claims Unemployment Rate 1.5% unch.

• Average 30-Year Mortgage Rate 3.57% +3.0 basis points

• Weekly Mortgage Applications 480.50 -1.17%

• Bloomberg Consumer Comfort 45.1 +.5 point

• Weekly Retail Sales +.7% +10.0 basis points

• Nationwide Gas $2.19/gallon -.03/gallon

• Baltic Dry Index 974.0 +13.9%

• China (Export) Containerized Freight Index 763.78 +1.44%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 37.50 -6.25%

• Rail Freight Carloads 272,115 -.48%

Best Performing Style

• Small-Cap Value +10.3%

Worst Performing Style

• Large-Cap Growth +2.8%

Leading Sectors

• Steel +14.7%

• Education +14.7%

• I-Banks +14.1%

• Defense +13.1%

• Banks +12.3%

Lagging Sectors

• Gaming -1.0% 

• Foods -1.8%

• Utilities -3.7%

• Hospitals -5.8%

• Gold & Silver -12.0%

Weekly High-Volume Stock Gainers (96)

• TUBE, EXEL, ESTE, IONS, AIMT, XLRN, INSY, CXW, RVNC, KRO, FGEN, SNHY, ECPG, ADUS, WLB, FEYE, GEO, PRI, SNCR, CMC, SUM, OSTK, REGN, ARCB, DERM, CC, AMBC, ATSG, MWA, TASR, TRUE, SEAS, ZLTQ, DTLK, PRIM, PI, LPLA, CRVS, WRLD, NNI, NILE, MFS, MTZ, PODD, DV, BOJA, OSK, HUM, WTW, VSAT, CSRA, SHAK, ACXM, INVA, HI, PLKI, SC, WIFI, CACQ, MPAA, AAOI, ESL, KEYW, LOPE, PFE, SYY, W, HFWA, APEI, JEC, MXL, OSIS, SPXC, BW, ACRS, SLCA, MGM, EGOV, PCLN, MITT, LQ, CECE, KOP, UVSP, FTD, VRTU, ILG, KBAL, NCMI, EPC, NEWR, SJI, FMC, CSWI, EDGE and FMNB

Weekly High-Volume Stock Losers (35)

• CVS, DEPO, HR, BRSS, ATRO, KSU, KAR, IFF, CNC, QRVO, PEGI, MNST, ANDE, CPSI, MATX, SSTK, AMN, IPXL, REV, FCE/A, MDRX, CSOD, HTZ, RPD, BNFT, THC, TRIP, ALR, SWHC, PCTY, LTRPA, RGR, HMSY, NPTN and OMF

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Afternoon on Rising European/Emerging Markets/US High-Yield Debt Angst, Emerging Markets Currency Concerns, Oil Decline, Commodity/Gaming Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Mixed
  

• Volume: Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 15.02 +1.9%

• Euro/Yen Carry Return Index 120.96 -.48%

• Emerging Markets Currency Volatility(VXY) 11.28 +8.99%

• S&P 500 Implied Correlation 40.57 +9.92%

• ISE Sentiment Index 77.0 -17.2%
  

• Total Put/Call 1.11 +24.72%

• NYSE Arms 1.20 +99.0% 

Credit Investor Angst:

• North American Investment Grade CDS Index 75.98 +.97%
  

• America Energy Sector High-Yield CDS Index 643.0 +.34%

• European Financial Sector CDS Index 100.46 +3.88%

• Western Europe Sovereign Debt CDS Index 20.82 +6.93%

• Asia Pacific Sovereign Debt CDS Index 41.82 +6.97%

• Emerging Market CDS Index 267.04 +.58%
  

• iBoxx Offshore RMB China Corporate High Yield Index 132.75 unch.

• 2-Year Swap Spread 24.75 -.75 basis point

• TED Spread 43.50 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -40.25 +.5 basis point
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 70.06 -.41%
• 3-Month T-Bill Yield .47% unch.

• Yield Curve 124.0 +3.0 basis points
  

• China Import Iron Ore Spot $79.81/Metric Tonne +7.68%

• Citi US Economic Surprise Index -7.90 unch.

• Citi Eurozone Economic Surprise Index 34.6 unch.

• Citi Emerging Markets Economic Surprise Index -4.60 unch.

• 10-Year TIPS Spread 1.91% +1.0 basis point
• 85.0% chance of Fed rate hike at Feb. 1 meeting, 87.1% chance at March 15 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +75 open in Japan 
• China A50 Futures: Indicating +9 open in China

• DAX Futures: Indicating +13 open in Germany

Portfolio: 

• Higher: On gains in my tech/retail sector longs and emerging markets shorts

• Disclosed Trades: None

• Market Exposure: 50% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Value -.3%

Sector Underperformers:

• 1) Gold & Silver -5.1% 2) Oil Service -1.8% 3) Steel -1.6%

Stocks Falling on Unusual Volume: 

• PRXL, GKOS, KTWO, PRAH, MOH, GWW, UGLD, SCCO, KORS, BUFF, DDS, CEF, GOL, PAM, KOF, MELI, USLV, AU, MAG, HCA, ARLP, CNC, GRUB, ADM, NEM, ALXN and EVH

Stocks With Unusual Put Option Activity:

• 1) FE 2) EWT 3) ADM 4) IEF 5) SLV

Stocks With Most Negative News Mentions:

• 1) PLAB 2) PRXL 3) MOH 4) LPNT 5) CNC

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.7%

Sector Outperformers:

• 1) Semis +3.1% 2) Disk Drives +2.0% 3) Defense +2.0%

Stocks Rising on Unusual Volume:

• DRYS, PTCT, LOCK, NVDA, ENVA, TRTN, TTD, MMS, OMER, DECK, CPSI, RGNX, TPC, NXST, GM, HQY, SANM, SBGI, HTLD, ENTA, STOR, OMF, STL, SRC, F, PZZA, ELGX, DOC, WCG, MSCC, NVO and SHAK

Stocks With Unusual Call Option Activity:

• 1) NVDA 2) CTSH 3) XLP 4) EEM 5) PRU

Stocks With Most Positive News Mentions:

• 1) SPWR 2) TASR 3) CMS 4) APA 5) ALXN

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running +48.2% Above 100-Day Average
• 0 Sectors Rising, 10 Sectors Declining
• 41.4% of Issues Advancing, 56.3% Declining
• 127 New 52-Week Highs, 142 New Lows
• 52.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 43.0%
• Vix 15.6 +6.0%
• Total Put/Call 1.07 +20.2%
• TRIN/Arms 1.93 +219.7%