Friday, December 06, 2019

Weekly Scoreboard*

S&P 500 3,145.91 +.16%

The Weekly Wrap by Briefing.com.
 
Indices
  • DJIA 28,015.06 -.13%
  • NASDAQ 8,656.53 -.1%
  • Russell 2000 1,633.84 +.57%
  • S&P 500 High Beta 44.37 +.11%
  • Goldman 50 Most Shorted 156.08 +.75%
  • Wilshire 5000 32,199.30 +.12%
  • Russell 1000 Growth 1,716.94 -.19%
  • Russell 1000 Value 1,319.89 +.40%
  • S&P 500 Consumer Staples 639.92 +.92%
  • MSCI Cyclicals-Defensives Spread 1,110.69 -1.43%
  • NYSE Technology 2,042.73 -.71%
  • Transports 10,708.54 -1.37%
  • Utilities 855.04 +.39%
  • Bloomberg European Bank/Financial Services 75.25 +.4%
  • MSCI Emerging Markets 43.18 +1.47%
  • HFRX Equity Hedge 1,259.56 +.04%
  • HFRX Equity Market Neutral 962.51 +.01%
Sentiment/Internals
  • NYSE Cumulative A/D Line 383,209 -.50%
  • Bloomberg New Highs-Lows Index 38 +140
  • Bloomberg Crude Oil % Bulls 42.1 +34.0%
  • CFTC Oil Net Speculative Position 470,936 +9.5%
  • CFTC Oil Total Open Interest 2,187,168 +2.99%
  • Total Put/Call .85 -13.3%
  • OEX Put/Call .34 -12.82%
  • ISE Sentiment 119.0 +3.0 points
  • NYSE Arms .84 -45.96%
  • Volatility(VIX) 13.58 +6.89%
  • S&P 500 Implied Correlation 42.78 +5.94%
  • G7 Currency Volatility (VXY) 5.77 +4.53%
  • Emerging Markets Currency Volatility (EM-VXY) 6.78 -.73%
  • Smart Money Flow Index 14,981.52 -.17%
  • ICI Money Mkt Mutual Fund Assets $3.579 Trillion +.07%
  • ICI Domestic Equity Mutual Fund/ETFs Weekly Flows +$.609 Billion
  • AAII % Bulls 31.7 -5.7%
  • AAII % Bears 29.1 -3.8%
Futures Spot Prices
  • CRB Index 181.21 +2.52%
  • Crude Oil 59.09 +6.5%
  • Reformulated Gasoline 164.36 +2.46%
  • Natural Gas 2.35 +2.03%
  • Heating Oil 195.15 +3.57%
  • Gold 1,465.20 -.24%
  • Bloomberg Base Metals Index 170.55 -.98%
  • Copper 273.15 +3.18%
  • US No. 1 Heavy Melt Scrap Steel 290.90 USD/Metric Tonne +10.9%
  • China Iron Ore Spot 87.97 USD/Metric Tonne +1.7%
  • Lumber 405.10 -2.47%
  • UBS-Bloomberg Agriculture 867.59 +.57%
Economy
  • Atlanta Fed GDPNow Forecast +1.96% +30.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate +2.4% +70.0 basis points
  • Bloomberg US Recession Probability Next 12 Months 33.0% unch.
  • Philly Fed ADS Real-Time Business Conditions Index -.1450 +9.71%
  • US Economic Policy Uncertainty Index 1,320.85 +1,242.7%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 176.34 +.07%
  • Citi US Economic Surprise Index 7.5 -5.6 points
  • Citi Eurozone Economic Surprise Index -5.8 +3.1 points
  • Citi Emerging Markets Economic Surprise Index -23.0 +4.1 points
  • Fed Fund Futures imply 97.0% chance of no change, 0.0% chance of rate cut on 12/11
  • US Dollar Index 97.73 -.53%
  • MSCI Emerging Markets Currency Index 1,631.99 +.06%
  • Bitcoin/USD 7,451.55 -3.57%
  • Euro/Yen Carry Return Index 124.58 -.52%
  • Yield Curve 22.0 +6.0 basis points
  • 10-Year US Treasury Yield 1.84% +6.0 basis points
  • Federal Reserve's Balance Sheet $4.027 Trillion +.33%
  • U.S. Sovereign Debt Credit Default Swap 13.63 +1.11%
  • Illinois Municipal Debt Credit Default Swap 158.77 -6.03%
  • Italian/German 10Y Yld Spread 163.75 +4.75 basis points
  • China Sovereign Debt Credit Default Swap 38.17 -.26%
  • Brazil Sovereign Debt Credit Default Swap 118.14 -5.26%
  • Israel Sovereign Debt Credit Default Swap 51.55 +1.14%
  • South Korea Sovereign Debt Credit Default Swap 26.38 -3.5%
  • Russia Sovereign Debt Credit Default Swap 66.0 -4.94%
  • iBoxx Offshore RMB China Corporate High Yield Index 167.88 -.20%
  • 10-Year TIPS Spread 1.71% +8.0 basis points
  • TED Spread 37.25 +3.5 basis point
  • 2-Year Swap Spread 2.5 -4.5 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -13.25 +4.5 basis points
  • N. America Investment Grade Credit Default Swap Index 49.31 -1.19%
  • America Energy Sector High-Yield Credit Default Swap Index 651.0 +4.89%
  • European Financial Sector Credit Default Swap Index 55.50 -1.68%
  • Emerging Markets Credit Default Swap Index 200.13 -1.81%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 +1.0 basis point
  • M1 Money Supply $3.974 Trillion +1.0%
  • Commercial Paper Outstanding 1,135.5 -.2%
  • 4-Week Moving Average of Jobless Claims 217,750 -2,000
  • Continuing Claims Unemployment Rate 1.2% unch.
  • Average 30-Year Mortgage Rate 3.68% unch.
  • Weekly Mortgage Applications 512.4 -9.17%
  • Bloomberg Consumer Comfort 61.7 +1.2 points
  • Weekly Retail Sales +5.30% +90.0 basis points
  • Nationwide Gas $2.59/gallon unch.
  • Baltic Dry Index 1,575 +3.08%
  • China (Export) Containerized Freight Index 825.57 -1.25%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 55.0 -12.0%
  • Rail Freight Carloads 221,774 -17.87%
Best Performing Style
  • Small-Cap Value +.9%
Worst Performing Style
  • Mid-Cap Growth -.3%
Leading Sectors
  • Oil Service +5.4%
  • Steel +4.4%
  • Paper +2.4%
  • Foods +1.6%
  • Video Gaming +1.5%
Lagging Sectors
  • Computer Services -1.1% 
  • Road & Rail -1.3%
  • Construction -1.4%
  • Internet -1.5%
  • Networking -2.0%
Weekly High-Volume Stock Gainers (21)
  • DOMO, RCKT, ULTA, PGNY, CLDR, DTIL, MEI, REGI, GTES, TCDA, ALLO, GTT, RH, SGRY, PVAC, SOI, GBT, TFX, PDCO and LE
Weekly High-Volume Stock Losers (6)
  • MDLA, CIEN, GWRE, PD, YEXT and ZM
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Surging into Afternoon on US Economic Optimism, China Trade Deal Hopes, Oil Gain, Retail/Energy Sector Strength

 Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Higher
  • Sector Performance: Almost Every Sector Rising
  • Volume: Around Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 13.4 -7.5%
  • Euro/Yen Carry Return Index 124.65 -.56%
  • Emerging Markets Currency Volatility(VXY) 6.78 -1.45%
  • S&P 500 Implied Correlation 42.6 -2.2%
  • ISE Sentiment Index 121.0 +43
  • Total Put/Call .88 -20.0%
  • NYSE Arms .79 -18.6%
Credit Investor Angst:
  • North American Investment Grade CDS Index 49.31 -2.18%
  • America Energy Sector High-Yield CDS Index 651.0 +3.89%
  • European Financial Sector CDS Index 55.52 -1.78%
  • Italian/German 10Y Yld Spread 163.75 -2.75 basis points
  • Asia Ex-Japan Investment Grade CDS Index 64.21 -1.18%
  • Emerging Market CDS Index 200.18 -1.88%
  • iBoxx Offshore RMB China Corporate High Yield Index 167.88 -.29%
  • 2-Year Swap Spread 1.75 +.25 basis point
  • TED Spread 37.25 +2.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -13.25 -1.75 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 65.62 +.24%
  • 3-Month T-Bill Yield 1.52% -1.0 basis point
  • Yield Curve .22 +1.0 basis point
  • China Iron Ore Spot 87.97 USD/Metric Tonne +.81%
  • Citi US Economic Surprise Index 7.5 +9.8 basis points
  • Citi Eurozone Economic Surprise Index -5.8 -5.0 points
  • Citi Emerging Markets Economic Surprise Index -23.0 -.1 basis point
  • 10-Year TIPS Spread 1.70 +2.0 basis points
  • 8.3% chance of Fed rate cut at Jan. 29th meeting, 21.6% chance of cut at March 18th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +206 open in Japan 
  • China A50 Futures: Indicating +33 open in China
  • DAX Futures: Indicating +17 open in Germany
Portfolio:
  • Higher: On gains in my industrial/tech/medical/biotech/retail sector longs
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:
  • Mid-Cap Growth +.9%
Sector Underperformers:
  • 1) Gold & Silver -1.9% 2) Homebuilding -1.0% 3) Utilities +.3%
Stocks Falling on Unusual Volume: 
  • KFY, CIEN, ALLK, KOD, GWRE, ICPT, ZM, PD and YEXT
Stocks With Unusual Put Option Activity:
  • 1) BIG 2) GNW 3) ARQL 4) DVN 5) ULTA
Stocks With Most Negative News Mentions:
  • 1) YEXT 2) CIEN 3) PD 4) UBER 5) ANTM
Charts:

Bull Radar

Style Outperformer:
  • Small-Cap Value +1.6%
Sector Outperformers:
  • 1) Oil Service +3.3% 2) Retail +2.6% 3) Semis +1.7%
Stocks Rising on Unusual Volume:
  • GCO, BIG, EPZM, DOMO, CLVS, ZUMZ, CC, ULTA, RCKT, FIZZ, PGNY, CLDR, MEI, GTHX, SAGE, IMMU, INMD, RLGY, WIFI, W, SGRY, GLDD, RST, SMTC, DOCU, ADPT, ALXN, BRP, GTES, TTD, REGI, VRS, MMM, BOOT, X, ESPR, URI, BHVN, PDCO, APA, CLH, SEM, FLS, KEYS, WDC, GNRC, ARWR, WPX, AA, RH, ACA, EVRI, MC, PLAB and MU
Stocks With Unusual Call Option Activity:
  • 1) SGMS 2) ULTA 3) BIG 4) DOCU 5) ADM
Stocks With Most Positive News Mentions:
  • 1) BIG 2) GCO 3) ZUMZ 4) RCKT 5) DOMO
Charts: