Weekly Scoreboard*

Indices

• S&P 500 2,399.29 +.63%

• DJIA 21,006.94 +.32%

• NASDAQ 6,100.75 +.88%

• Russell 2000 1,396.99 -.25%

• S&P 500 High Beta 37.22 +.40%

• Goldman 50 Most Shorted 127.37 +1.02%

• Wilshire 5000 24,865.51 +.52%

• Russell 1000 Growth 1,178.56 +.87%

• Russell 1000 Value 1,131.25 +.30%

• S&P 500 Consumer Staples 567.04 +.09%

• Vanda Cyclicals-Defensives 1.3347 +.96%
  

• Morgan Stanley Technology 1,446.10 +1.51%

• Transports 9,189.97 +1.01%

• Utilities 703.02 -.19%

• Bloomberg European Bank/Financial Services 103.17 +3.49%

• MSCI Emerging Markets 40.06 -.04%

• HFRX Equity Hedge 1,196.26 +.09%

• HFRX Equity Market Neutral 1,004.88 +.15%

Sentiment/Internals

• NYSE Cumulative A/D Line 288,148 +.11%

• Bloomberg New Highs-Lows Index 334 -298

• Bloomberg Crude Oil % Bulls 56.7 +16.89%

• CFTC Oil Net Speculative Position 411,822 -7.2%

• CFTC Oil Total Open Interest 2,188,272 +1.24%

• Total Put/Call .99 +3.13%

• OEX Put/Call 3.80 -41.98%

• ISE Sentiment 97.0 +34.72%

• NYSE Arms .67 -43.22%

• Volatility(VIX) 10.57 -2.31%

• S&P 500 Implied Correlation 42.07 -2.5%

• G7 Currency Volatility (VXY) 7.93 -2.46%

• Emerging Markets Currency Volatility (EM-VXY) 8.49 -1.39%

• Smart Money Flow Index 19,262.07 +.28%

• ICI Money Mkt Mutual Fund Assets $2.644 Trillion +.06%

• ICI US Equity Weekly Net New Cash Flow -$6.498 Billion

• AAII % Bulls 38.1 unch.

• AAII % Bears 30.0 -5.6%

Futures Spot Prices

• CRB Index 177.92 -2.09%

• Crude Oil 46.22 -6.03%

• Reformulated Gasoline 150.46 -2.29%

• Natural Gas 3.26 -.09%

• Heating Oil 143.66 -4.37%

• Gold 1,226.90 -3.56%

• Bloomberg Base Metals Index 171.26 -2.38%

• Copper 252.85 -2.43%

• US No. 1 Heavy Melt Scrap Steel 258.33 USD/Ton unch.

• China Iron Ore Spot 61.73 USD/Ton -10.28%

• Lumber 388.80 +2.37%

• UBS-Bloomberg Agriculture 1,084.20 +1.03%

Economy

• Atlanta Fed GDPNow Forecast +4.2% +400.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +5.4% -50.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index .1259 +.72% 

• US Economic Policy Uncertainty Index 301.88 +34.3%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 135.71 +.35%

• Citi US Economic Surprise Index -18.20 -13.4 points

• Citi Eurozone Economic Surprise Index 68.20 +2.2 points

• Citi Emerging Markets Economic Surprise Index 33.90 -5.6 points

• Fed Fund Futures imply 0.0% chance of no change 100.0% chance of 25 basis point hike on 6/14

• US Dollar Index 98.65 -.40%

• MSCI Emerging Markets Currency Index 1,581.54 +.06%

• Euro/Yen Carry Return Index 129.44 +2.02%

• Yield Curve 104.0 +1.0 basis point

• 10-Year US Treasury Yield 2.35% +5.0 basis points

• Federal Reserve's Balance Sheet $4.432 Trillion +.02%

• U.S. Sovereign Debt Credit Default Swap 24.31 -2.05%

• Illinois Municipal Debt Credit Default Swap 394.0 -.06%

• Western Europe Sovereign Debt Credit Default Swap Index 7.42 -19.08%

• Asia Pacific Sovereign Debt Credit Default Swap Index 21.0 -5.68%
  

• Emerging Markets Sovereign Debt CDS Index 46.88 +5.4%
  

• Israel Sovereign Debt Credit Default Swap 67.0 -.31%

• South Korea Sovereign Debt Credit Default Swap 58.32 +1.96%

• Russia Sovereign Debt Credit Default Swap 155.66 +1.41%

• iBoxx Offshore RMB China Corporate High Yield Index 137.34 +.13%

• 10-Year TIPS Spread 1.87% -6.0 basis points
  

• TED Spread 29.5 -7.75 basis points

• 2-Year Swap Spread 29.25 -2.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -30.25 -3.5 basis points

• N. America Investment Grade Credit Default Swap Index 62.25 -2.64%

• America Energy Sector High-Yield Credit Default Swap Index 388.0 +4.14%

• European Financial Sector Credit Default Swap Index 68.89 -7.15%
  

• Emerging Markets Credit Default Swap Index 193.95 -.78%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 144.50 +.5 basis point
  

• M1 Money Supply $3.424 Trillion -.2%

• Commercial Paper Outstanding 992.60 +1.3%

• 4-Week Moving Average of Jobless Claims 243,000 +750

• Continuing Claims Unemployment Rate 1.4% unch.
  

• Average 30-Year Mortgage Rate 4.02% -1.0 basis point

• Weekly Mortgage Applications 405.80 -.1%

• Bloomberg Consumer Comfort 50.90 +.1 point

• Weekly Retail Sales +2.0% +10.0 basis points

• Nationwide Gas $2.36/gallon -.04/gallon

• Baltic Dry Index 1,004.0 -11.5%

• China (Export) Containerized Freight Index 818.61 -.05%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.50 -7.14%

• Rail Freight Carloads 269,354 +4.46%

Best Performing Style

•  Mid-Cap Growth +.9%

Worst Performing Style

•  Small-Cap Value -.5%

Leading Sectors

• Hospitals +4.7%

• Social Media +3.4%

• Coal +2.8%

• Airlines +2.5%

• Restaurants +2.5%

Lagging Sectors

• Agriculture -1.7% 

• Telecom -3.0%

• Gold & Silver -3.4%

• Oil Tankers -3.5%

• Steel -3.7%

Weekly High-Volume Stock Gainers (37)

• ANGI, EHTH, XENT, MOH, CHGG, VWR, MYGN, ATSG, ALGN, IAC, FORM, SNCR, CRCM, HY, FEYE, NYT, COWN, AAN, TRUP, PBI, TVTY, OB, LPLA, CVLT, TRMB, SQ, HLS, USNA, DATA, WD, LNTH, AIMC, TXRH, HUBS, GSHT, IPGP and LNGG

Weekly High-Volume Stock Losers (52)

• QCP, CBF, RDUS, CSL, SPR, AZPN, AMG, VRSK, AGNC, TROX, EGHT, BSFT, SNI, BGFV, NSP, MCRN, XOG, HTA, APC, FLT, DISCA, NANO, MCY, THS, IIVI, BG, AKAM, OSTK, BOJA, LL, MASI, HTGC, MWA, MDP, SYF, ENTL, FDP, HSKA, PBPB, VIAB, ATHN, COMM, IPHI, TIME, AMAG, VRTV, TWLO, AMD, PDFS, MEDP and MTRX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Higher into Afternoon on Economic Optimism, Oil Gain, Short-Covering, Commodity/Telecom Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: About Even
  

• Sector Performance: Mixed
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 10.29 -1.63%

• Euro/Yen Carry Return Index 129.29 +.25%

• Emerging Markets Currency Volatility(VXY) 8.51 +.71%

• S&P 500 Implied Correlation 41.63 -3.7%

• ISE Sentiment Index 90.0 +38.5%
  

• Total Put/Call .97 +6.59%

• NYSE Arms .65 -34.06%

Credit Investor Angst:

• North American Investment Grade CDS Index 62.93 +.18%
  

• America Energy Sector High-Yield CDS Index 384.0 +1.26%

• European Financial Sector CDS Index 68.98 -1.64%

• Western Europe Sovereign Debt CDS Index 7.87 +.45%

• Asia Pacific Sovereign Debt CDS Index 21.04 -1.6%

• Emerging Market CDS Index 195.09 -1.36%
  

• iBoxx Offshore RMB China Corporate High Yield Index 137.34 +.13%

• 2-Year Swap Spread 29.0 unch.

• TED Spread 29.25 -1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -30.25 unch.

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.19 +.26%
• 3-Month T-Bill Yield .88% +1.0 basis point
  

• Yield Curve 104.0 unch.
  

• China Import Iron Ore Spot $61.73/Metric Tonne -5.32%

• Citi US Economic Surprise Index -18.20 +1.9 points

• Citi Eurozone Economic Surprise Index 68.20 -.6 point

• Citi Emerging Markets Economic Surprise Index 33.9 +1.5 points

• 10-Year TIPS Spread 1.87 +1.0 basis point
  
• 91.5% chance of Fed rate hike at July 26 meeting, 95.4% chance at Sept. 20 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +250 open in Japan 
• China A50 Futures: Indicating -4 open in China

• DAX Futures: Indicating +73 open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 75% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +.2%

Sector Underperformers:

• 1) Biotech -1.1% 2) Computer Services -.8% 3) Banks -.3%

Stocks Falling on Unusual Volume: 

• REV, MB, AL, FLR, ROCK, TREX, PBYI, UBNT, RP, DV, OSUR, ALDR, ACET, FPRX, JUNO and ROCK

Stocks With Unusual Put Option Activity:

• 1) ILG 2) HST 3) FTR 4) SHAK 5) SM

Stocks With Most Negative News Mentions:

• 1) BCOV 2) PBYI 3) NVIV 4) NCMI 5) FLR

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Value +.6%

Sector Outperformers:

• 1) Coal +3.8% 2) Gold & Silver +3.0% 3) Oil Service +2.7%

Stocks Rising on Unusual Volume:

• SHAK, MEDP, VRNS, OLED, PCTY, WING, HLF, ACLS, SWIR, CTLT, CRC, AAOI, HDP, SNCR, ELY, IMPV, Z, LOCO, MELI, HTA, ZG, PI, CLDR, REGI, SNN, SPXC, WIFI, WEB, RH, DO, VRNS, EXAS, MTZ, LYV, BAS, RATE, JLL, SEM, APTI, ACLS, PE, DDD, VIAV, ATSG, AXL, ILG, DATA, CTRL, ETSY, FORM, FEYE, ACIW, MNST, HIIQ, MTCH, XPO, UNVR and BCOR

Stocks With Unusual Call Option Activity:

• 1) CTSH 2) OLED 3) RH 4) ATVI 5) HLF

Stocks With Most Positive News Mentions:

• 1) OLED 2) AAOI 3) MELI 4) REGI 5) PCTY

Charts:

• ETFs Rising on Unusual Volume

• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running +4.3% Above 100-Day Average
• 8 Sectors Rising, 2 Sectors Declining
• 56.5% of Issues Advancing, 39.1% Declining
• 126 New 52-Week Highs, 23 New Lows
• 52.1% of Issues Above 200-day Moving Average
• Average 14-Day RSI 35.9%
• Vix 10.2 -2.1%
• Total Put/Call .80 -12.1%
• TRIN/Arms .69 -29.8%