Thursday, April 25, 2013

Stocks Slightly Higher into Final Hour on Central Bank Hopes, Jobless Claims, Gaming/Homebuilding Sector Strength

Today's Market Take:

Broad Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • VIX 13.81 +1.47%
  • ISE Sentiment Index 109.0 -9.92%
  • Total Put/Call .98 +25.64%
  • NYSE Arms .80 -7.29%
Credit Investor Angst:
  • North American Investment Grade CDS Index 78.66 -1.63%
  • European Financial Sector CDS Index 159.87 +1.2%
  • Western Europe Sovereign Debt CDS Index 95.17 -2.8%
  • Emerging Market CDS Index 238.73 +1.20%
  • 2-Year Swap Spread 13.5 +.5 bp
  • TED Spread 22.50 -.5 bp
  • 3-Month EUR/USD Cross-Currency Basis Swap -18.0 -.5 bp
Economic Gauges:
  • 3-Month T-Bill Yield .05% unch.
  • Yield Curve 148.0 +1 bp
  • China Import Iron Ore Spot $134.60/Metric Tonne -.37%
  • Citi US Economic Surprise Index -6.20 +1.7 points
  • 10-Year TIPS Spread 2.40 +2 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +111 open in Japan
  • DAX Futures: Indicating -12 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my retail, medical, biotech and tech sector longs
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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