Thursday, July 18, 2013

Stocks Higher into Final Hour on Less Eurozone/Asian Debt Angst, Diminishing Global Growth Fears, Financial/Healthcare Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 13.67 -.80%
  • Euro/Yen Carry Return Index 137.28 +.74%
  • Emerging Markets Currency Volatility(VXY) 9.69 -.51%
  • S&P 500 Implied Correlation 52.18 -1.34%
  • ISE Sentiment Index 136.0 +12.4%
  • Total Put/Call .72 -22.58%
  • NYSE Arms .86 -9.52% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 73.82 -3.21%
  • European Financial Sector CDS Index 150.81 -5.1%
  • Western Europe Sovereign Debt CDS Index 94.0 -2.98%
  • Emerging Market CDS Index 273.63 -5.1%
  • 2-Year Swap Spread 17.0 unch.
  • TED Spread 24.0 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -9.75 +.25 bp
Economic Gauges:
  • 3-Month T-Bill Yield .02% -1 bp
  • Yield Curve 223.0 +5 bps
  • China Import Iron Ore Spot $131.90/Metric Tonne +1.15%
  • Citi US Economic Surprise Index -9.70 +1.6 points
  • Citi Emerging Markets Economic Surprise Index -31.70 +1.1 points
  • 10-Year TIPS Spread 2.15 +3 bps
Overseas Futures:
  • Nikkei Futures: Indicating +198 open in Japan
  • DAX Futures: Indicating -15 open in Germany
Portfolio: 
  • Higher: On gains in my medical/retail sector longs and emerging markets shorts
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges, then covered some of them
  • Market Exposure: 50% Net Long

1 comment:

theyenguy said...

Zero Hedge reports June restaurant spending plunges by most since February 2008. Restaruants that have traded lower a little of late include BAGR, CHUY, BLMN, TXRH, DNKN, KKD, FRGI, IRG, EAT.

Today's strong trade lower in EBAY has made Internet Retail, FDN, a very attractive short selling opportunity.