Friday, September 29, 2017

Weekly Scoreboard*






S&P 500 2,517.24 +.58%
























The Weekly Wrap by Briefing.com.
 
Indices
  • DJIA 22,381.66 +.13%
  • NASDAQ 6,491.84 +1.02%
  • Russell 2000 1,491.76 +2.81%
  • S&P 500 High Beta 39.45 +1.78%
  • Goldman 50 Most Shorted 139.96 +1.57%
  • Wilshire 5000 26,134.50 +.81%
  • Russell 1000 Growth 1,256.84 +.55%
  • Russell 1000 Value 1,167.20 +.64%
  • S&P 500 Consumer Staples 556.11 +.11%
  • Vanda Cyclicals-Defensives 1.3479 +1.42%
  • NYSE Technology 1,585.58 +.20%
  • Transports 9,906.51 +2.11%
  • Utilities 724.11 -.32%
  • Bloomberg European Bank/Financial Services 102.68 +1.64%
  • MSCI Emerging Markets 44.52 -1.94%
  • HFRX Equity Hedge 1,233.06 -.07%
  • HFRX Equity Market Neutral 1,012.79 -.10%
Sentiment/Internals
  • NYSE Cumulative A/D Line 304,848 +.80%
  • Bloomberg New Highs-Lows Index 505 +137
  • Bloomberg Crude Oil % Bulls 47.92 n/a
  • CFTC Oil Net Speculative Position 418,074 +11.6%
  • CFTC Oil Total Open Interest 2,377,488 +1.38%
  • Total Put/Call .95 -2.08%
  • OEX Put/Call .41 -90.24%
  • ISE Sentiment 119.0 +83.1%
  • NYSE Arms 1.05 -4.67%
  • Volatility(VIX) 9.54 +.52%
  • S&P 500 Implied Correlation 22.31 +1.02%
  • G7 Currency Volatility (VXY) 8.37 -5.85%
  • Emerging Markets Currency Volatility (EM-VXY) 7.88 unch.
  • Smart Money Flow Index 19,630.89 -.27%
  • ICI Money Mkt Mutual Fund Assets $2.740 Trillion +.59%
  • ICI US Equity Weekly Net New Cash Flow -$4.533 Billion
  • AAII % Bulls 33.3 -17.0%
  • AAII % Bears 28.7 +5.6%
Futures Spot Prices
  • CRB Index 183.0 -.14%
  • Crude Oil 51.42 +1.66%
  • Reformulated Gasoline 160.05 -3.9%
  • Natural Gas 3.03 +2.51%
  • Heating Oil 180.89 -.29%
  • Gold 1,281.50 -1.04%
  • Bloomberg Base Metals Index 197.95 +.81%
  • Copper 295.45 -.05%
  • US No. 1 Heavy Melt Scrap Steel 288.33 USD/Ton +.46%
  • China Iron Ore Spot 62.05 USD/Ton -2.38%
  • Lumber 403.1 +2.37%
  • UBS-Bloomberg Agriculture 1,023.15 -1.05%
Economy
  • Atlanta Fed GDPNow Forecast +2.3 +10.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate -0.1% -10.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index -.5133 +5.26% 
  • US Economic Policy Uncertainty Index 220.23 +97.71%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 141.23 +.33%
  • Citi US Economic Surprise Index -7.9 +.9 point
  • Citi Eurozone Economic Surprise Index 50.2 +.8 point
  • Citi Emerging Markets Economic Surprise Index 15.0 -1.5 points
  • Fed Fund Futures imply 87.6% chance of no change, 12.4% chance of 25 basis point hike on 11/1
  • US Dollar Index 93.16 +1.12%
  • MSCI Emerging Markets Currency Index 1,620.08 -1.19%
  • Euro/Yen Carry Return Index 138.64 -.66%
  • Yield Curve 85.0 +3.0 basis points
  • 10-Year US Treasury Yield 2.32% +6.0 basis points
  • Federal Reserve's Balance Sheet $4.416 Trillion -.06%
  • U.S. Sovereign Debt Credit Default Swap 24.77 -4.25%
  • Illinois Municipal Debt Credit Default Swap 338.47 -.04%
  • Western Europe Sovereign Debt Credit Default Swap Index 5.0 -1.09%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 18.98 +18.37%
  • Emerging Markets Sovereign Debt CDS Index 41.22 +2.04%
  • Israel Sovereign Debt Credit Default Swap 53.41 -4.32%
  • South Korea Sovereign Debt Credit Default Swap 73.82 +2.53%
  • Russia Sovereign Debt Credit Default Swap 142.23 -3.14%
  • iBoxx Offshore RMB China Corporate High Yield Index 142.05 +.15%
  • 10-Year TIPS Spread 1.86% +1.0 basis point
  • TED Spread 29.0 -1.5 basis points
  • 2-Year Swap Spread 25.75 -1.0 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -40.0 -10.0 basis points
  • N. America Investment Grade Credit Default Swap Index 56.07 -6.85%
  • America Energy Sector High-Yield Credit Default Swap Index 404.0 -6.4%
  • European Financial Sector Credit Default Swap Index 59.64 +1.43%
  • Emerging Markets Credit Default Swap Index 184.63 -2.25%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 153.0 +1.0 basis point
  • M1 Money Supply $3.540 Trillion -1.0%
  • Commercial Paper Outstanding 1,059.20 +1.5%
  • 4-Week Moving Average of Jobless Claims 277,750 +14,500
  • Continuing Claims Unemployment Rate 1.4% unch.
  • Average 30-Year Mortgage Rate 3.83% unch.
  • Weekly Mortgage Applications 415.60 -.46%
  • Bloomberg Consumer Comfort 51.60 +1.0 point
  • Weekly Retail Sales +4.1% unch.
  • Nationwide Gas $2.57/gallon -.o2/gallon
  • Baltic Dry Index 1,391.0 -7.39%
  • China (Export) Containerized Freight Index 803.25 -1.12%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 +12.5%
  • Rail Freight Carloads 285,004 +5.56%
Best Performing Style
  •  Small-Cap Value +3.1%
Worst Performing Style
  •  Large-Cap Growth +.5%
Leading Sectors
  • Homebuilders +5.5%
  • Education +4.8%
  • Oil Service +4.2%
  • I-Banks +3.0%
  • Retail +2.6%
Lagging Sectors
  • Drugs -.6% 
  • Telecom -.9%
  • Social Media -1.1%
  • Restaurants -1.2%
  • Gold & Silver -1.2%
Weekly High-Volume Stock Gainers (14)
  • MDGL, EXA, FINL, ACTA, OSTK, OUT, GHL, AGYS, OMN, CUB, BOLD, CIR, FDS and HOMB
Weekly High-Volume Stock Losers (12)
  • FSLR, CMP, UNIT, DGX, SCG, PTCT, TTS, CMTL, ITCI, ICPT, VERI and DXCM
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Modestly Higher into Final Hour on Tax Reform Hopes, Economic Optimism, Technical Buying, Homebuilding/Tech Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 9.43 -1.26%
  • Euro/Yen Carry Return Index 138.55 +.36%
  • Emerging Markets Currency Volatility(VXY) 7.88 -2.11%
  • S&P 500 Implied Correlation 21.77 -3.03%
  • ISE Sentiment Index 119.0 +6.25%
  • Total Put/Call .95 +31.94%
  • NYSE Arms .98 -8.25%
Credit Investor Angst:
  • North American Investment Grade CDS Index 55.84 -1.74%
  • America Energy Sector High-Yield CDS Index 407.0 +.33%
  • European Financial Sector CDS Index 59.52 -1.11%
  • Western Europe Sovereign Debt CDS Index 5.00 -3.0%
  • Asia Pacific Sovereign Debt CDS Index 18.99 +7.16%
  • Emerging Market CDS Index 185.08 -.66%
  • iBoxx Offshore RMB China Corporate High Yield Index 142.05 +.04%
  • 2-Year Swap Spread 25.75 +.25 basis point
  • TED Spread 29.0 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -40.0 -.25 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 73.73 +.16%
  • 3-Month T-Bill Yield 1.04% -1.0 basis point
  • Yield Curve 85.0 -1.0 basis point
  • China Import Iron Ore Spot $62.05/Metric Tonne -1.34%
  • Citi US Economic Surprise Index -7.90 +.6 point
  • Citi Eurozone Economic Surprise Index 50.20 -3.9 points
  • Citi Emerging Markets Economic Surprise Index 15.0 +1.7 basis points
  • 10-Year TIPS Spread 1.86 -2.0 basis points
  • 70.5% chance of Fed rate hike at Dec. 13 meeting, 71.1% chance at Jan. 31 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +44 open in Japan 
  • China A50 Futures: Indicating +57 open in China
  • DAX Futures: Indicating unch. open in Germany
Portfolio: 
  • Higher: On gains in my tech/biotech/medical/retail sector longs
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long