Friday, September 07, 2012

Stocks Slightly Higher into Final Hour on Global Central Bank Stimulus/Action Hopes, Falling Eurozone Debt Angst, Investor Performance Angst


Broad Market Tone:

  • Advance/Decline Line: Slightly Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • VIX 14.52 -6.92%
  • ISE Sentiment Index 186.0 +61.74%
  • Total Put/Call .74 -12.94%
  • NYSE Arms .72 +163.45%
Credit Investor Angst:
  • North American Investment Grade CDS Index 93.46 bps -1.44%
  • European Financial Sector CDS Index 204.48 bps -5.26%
  • Western Europe Sovereign Debt CDS Index 188.37 -10.43%
  • Emerging Market CDS Index 215.92 -3.14%
  • 2-Year Swap Spread 15.75 -.75 basis point
  • TED Spread 30.75 +.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -26.75 -.25 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .10% -1 basis point
  • Yield Curve 141.0 unch.
  • China Import Iron Ore Spot $89.0/Metric Tonne +2.30%
  • Citi US Economic Surprise Index 15.0 +9.5 points
  • 10-Year TIPS Spread 2.36 +4 basis points
Overseas Futures:
  • Nikkei Futures: Indicating -17 open in Japan
  • DAX Futures: Indicating +5 open in Germany
Portfolio:
  • Higher: On gains in my Retail/Medical/Tech sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, emerging markets shorts and some of my (EEM) short
  • Market Exposure: Moved to 75% Net Long

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