Thursday, October 25, 2012

Stocks Slightly Higher into Final Hour on Technical Buying, Short-Covering, Bargain-Hunting

 Broad Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • VIX 18.41 +.44%
  • ISE Sentiment Index 107.0 +40.79%
  • Total Put/Call .82 -9.89%
  • NYSE Arms 1.14 -23.09%
Credit Investor Angst:
  • North American Investment Grade CDS Index 97.77 bps -.92%
  • European Financial Sector CDS Index 171.77 bps +.62%
  • Western Europe Sovereign Debt CDS Index 103.77 bps -3.96%
  • Emerging Market CDS Index 212.25 bps -.49%
  • 2-Year Swap Spread 10.5 +1.0 basis point
  • TED Spread 20.25 -.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -24.0 unch.
Economic Gauges:
  • 3-Month T-Bill Yield .11% unch.
  • Yield Curve 151.0 +2 basis points
  • China Import Iron Ore Spot $120.0/Metric Tonne +1.1%
  • Citi US Economic Surprise Index 51.70 +3.5 points
  • 10-Year TIPS Spread 2.49 +1 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +15 open in Japan
  • DAX Futures: Indicating +5 open in Germany
Portfolio:
  • Slightly Lower: On losses in my Tech/Retail sector longs and emerging markets shorts
  • Disclosed Trades: None
  • Market Exposure: 25% Net Long

No comments: