Weekly Scoreboard*

S&P 500 2,485.74 +.74%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,062.40 +.89%

• NASDAQ 6,584.52 +.86%

• Russell 2000 1,337.92 +.90%

• S&P 500 High Beta 35.04 +1.04%

• Goldman 50 Most Shorted 134.08 +1.27%

• Wilshire 5000 25,504.40 +.76%

• Russell 1000 Growth 1,302.03 +1.11%

• Russell 1000 Value 1,085.22 +.39%

• S&P 500 Consumer Staples 519.79 -.36%

• MSCI Cyclicals-Defensives Spread 998.60 +.34%
  

• NYSE Technology 1,559.01 +1.02%

• Transports 9,109.13 +.88%

• Utilities 711.94 -2.4%

• Bloomberg European Bank/Financial Services 71.52 -2.6%

• MSCI Emerging Markets 39.07 +1.08%

• HFRX Equity Hedge 1,142.08 +1.03%

• HFRX Equity Market Neutral 969.31 -.23%

Sentiment/Internals

• NYSE Cumulative A/D Line 309,071 +.61%

• Bloomberg New Highs-Lows Index -1,007 +2,119

• Bloomberg Crude Oil % Bulls 28.21 n/a

• CFTC Oil Net Speculative Position 309,608 +.03%

• CFTC Oil Total Open Interest 2,063,376 +.62%

• Total Put/Call .77 -46.15%

• OEX Put/Call .82 +30.16%

• ISE Sentiment 95.0 +82.69%

• NYSE Arms 1.72 +57.8%

• Volatility(VIX) 28.34 -.14%

• S&P 500 Implied Correlation 50.26 +2.4%

• G7 Currency Volatility (VXY) 8.79 +5.14%

• Emerging Markets Currency Volatility (EM-VXY) 9.72 +1.78%

• Smart Money Flow Index 11,901.90 +7.08%

• ICI Money Mkt Mutual Fund Assets $3.039 Trillion +1.01%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$2.398 Billion

• AAII % Bulls 31.6 +26.9%

• AAII % Bears 50.3 +6.3%

Futures Spot Prices

• CRB Index 170.97 -.99%

• Crude Oil 45.33 -1.93%

• Reformulated Gasoline 132.62 -.47%

• Natural Gas 3.30 -10.9%

• Heating Oil 166.47 -5.46%

• Gold 1,283.0 +1.55%

• Bloomberg Base Metals Index 177.34 -.26%

• Copper 268.15 -.80%

• US No. 1 Heavy Melt Scrap Steel 293.0 USD/Metric Tonne -2.98%

• China Iron Ore Spot 69.58 USD/Metric Tonne +.12%

• Lumber 331.50 -1.92%

• UBS-Bloomberg Agriculture 921.02 -1.22%

Economy

• Atlanta Fed GDPNow Forecast +2.71% unch.

• ECRI Weekly Leading Economic Index Growth Rate -4.4% -50.0 basis points
• Bloomberg US Recession Probability Next 12 Months 20.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .1449 -3.91%

• US Economic Policy Uncertainty Index 161.23 -36.3%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 173.42 -.22%

• Citi US Economic Surprise Index -17.90 -1.6 points

• Citi Eurozone Economic Surprise Index -73.30 +4.2 points

• Citi Emerging Markets Economic Surprise Index -2.9 +1.0 point

• Fed Fund Futures imply 97.9% chance of no change, 0.0% chance of 25 basis point hike on 1/30

• US Dollar Index 96.37 -.01%

• MSCI Emerging Markets Currency Index 1,608.71 -.03%

• Bitcoin/USD 3,885.50 +.8%

• Euro/Yen Carry Return Index 131.21 -.13%

• Yield Curve 19.5 +4.5 basis points
  

• 10-Year US Treasury Yield 2.71% -8.0 basis points

• Federal Reserve's Balance Sheet $4.036 Trillion -.22%

• U.S. Sovereign Debt Credit Default Swap 22.14 +11.4%

• Illinois Municipal Debt Credit Default Swap 201.35 -.02%

• Italian/German 10Y Yld Spread 250.0 -8.0 basis points

• Asia Pacific Sovereign Debt Credit Default Swap Index 11.62 unch.
  

• Emerging Markets Sovereign Debt CDS Index 78.85 -1.39%
  

• Israel Sovereign Debt Credit Default Swap 67.80 -2.5%

• South Korea Sovereign Debt Credit Default Swap 39.50 -1.07%

• Russia Sovereign Debt Credit Default Swap 153.77 +1.69%

• iBoxx Offshore RMB China Corporate High Yield Index 151.12 +.11%

• 10-Year TIPS Spread 1.73% -4.0 basis points

• TED Spread 43.25 +.5 basis point

• 2-Year Swap Spread 14.5 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap 1.5 +2.75 basis points

• N. America Investment Grade Credit Default Swap Index 88.37 -3.75%

• America Energy Sector High-Yield Credit Default Swap Index 808.0 +.95%

• European Financial Sector Credit Default Swap Index 113.70 +3.24%
  

• Emerging Markets Credit Default Swap Index 208.71 -.91%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.736 Trillion -2.14%

• Commercial Paper Outstanding 1,055.60 -1.7%

• 4-Week Moving Average of Jobless Claims 218,000 -4,750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.55% -7.0 basis points

• Weekly Mortgage Applications 325.90 n/a

• Bloomberg Consumer Comfort 59.4 +.6 point

• Weekly Retail Sales +7.20% +40.0 basis points

• Nationwide Gas $2.29/gallon -.06/gallon

• Baltic Dry Index 1,271.0 -9.6%

• China (Export) Containerized Freight Index 834.86 -.81%

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

• Rail Freight Carloads 290,141 -3.74%

Best Performing Style

• Mid-Cap Growth +1.4%

Worst Performing Style

• Mid-Cap Value -.5%

Leading Sectors

• Semis +3.1%

• Disk Drives +3.0%

• Video Gaming +2.8%

• Medical Equipment +2.6%

• Oil Service +2.2%

Lagging Sectors

• Homebuilders -1.7% 

• Foods -1.8%

• Telecom -2.0%

• Tobacco -2.1%

• Utilities -2.3%

Weekly High-Volume Stock Gainers (4)

• BPT, FRC, LGF/A and ILPT

Weekly High-Volume Stock Losers (0)

• None

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Higher into Final Hour on Bargain-Hunting, Technical Buying, Short-Covering, Retail/Tech 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) 28.6 -4.6%

• Euro/Yen Carry Return Index 131.22 -.51%

• Emerging Markets Currency Volatility(VXY) 9.73 -.31%

• S&P 500 Implied Correlation 51.06 +7.4%

• ISE Sentiment Index 82.0 -22.6%
  

• Total Put/Call .87 -7.45%

• NYSE Arms .99 +47.8%

Credit Investor Angst:

• North American Investment Grade CDS Index 88.16 -.75%
  

• America Energy Sector High-Yield CDS Index 809.0 -3.52%

• European Financial Sector CDS Index 111.99 -2.94%

• Italian/German 10Y Yld Spread 250.0 -8.0 basis points
  

• Asia Pacific Sovereign Debt CDS Index 11.75 unch.

• Emerging Market CDS Index 208.65 -1.13%
  

• iBoxx Offshore RMB China Corporate High Yield Index 151.12 +.30%

• 2-Year Swap Spread 14.5 +1.0 basis points

• TED Spread 41.25 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap 1.50 +2.25 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.94 +.25%
• 3-Month T-Bill Yield 2.37% -6.0 basis points

• Yield Curve 20.5 +2.0 basis points

• China Iron Ore Spot 69.58 USD/Metric Tonne +.1%

• Citi US Economic Surprise Index -17.9 -2.5 points

• Citi Eurozone Economic Surprise Index -73.30 +.5 point

• Citi Emerging Markets Economic Surprise Index -7.7 -3.3 points

• 10-Year TIPS Spread 1.74 -3.0 basis points
• 5.7% chance of Fed rate hike at March 20th meeting, 9.5% chance at May 1st meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +60 open in Japan 
• China A50 Futures: Indicating +48 open in China

• DAX Futures: Indicating +32 open in Germany

Portfolio: 

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

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my emerging market shorts

• Market Exposure: Moved to 100% Net Long

Bear Radar

Style Underperformer:

• Mid-Cap Growth -.3%

Sector Underperformers:

• 1) Gold & Silver -1.3% 2) Energy -.6% 3) Homebuilding -.6%

Stocks Falling on Unusual Volume: 

• GOLD and EQM

Stocks With Unusual Put Option Activity:

• 1) AET 2) WATT 3) RSX 4) ETSY 5) PXD

Stocks With Most Negative News Mentions:

• 1) IPAR 2) DXC 3) WBT 4) CMCM 5) ALGN

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value +.3%

Sector Outperformers:

• 1) Steel +1.8% 2) Oil Service +1.4% 3) Semis +1.1%

Stocks Rising on Unusual Volume:

• NHF, FRC, ODT, CDZI, BHFAL, CHT, MSG, VYMI, NFEC, AUTL, BPT, NGG, ISCA, CTBB, BTI, CRH, WVE, TCP, AB, ZYME, CACC, MSBI, PUK, CTDD, DMRC and ETG

Stocks With Unusual Call Option Activity:

• 1) BSX 2) CMCSA 3) SYF 4) DHI 5) VNQ

Stocks With Most Positive News Mentions:

• 1) NVDA 2) HTGM 3) CURO 4) MGI 5) BC

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -2.4% Below 100-Day Average
• 8 Sectors Rising, 3 Sectors Declining
• 52.4% of Issues Advancing, 45.3% Declining
• 3 New 52-Week Highs, 65 New Lows
• 11.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 37.2%
• Vix 30.9 +3.1%
• Total Put/Call .77 -18.1%
• TRIN/Arms 1.12 +67.2%