Saturday, September 15, 2012

Stocks Rising Slightly into Final Hour on Global Central Bank Hopes, Less Eurozone Debt Angst, Short-Covering, Investor Performance Angst

BETWEEN THE HEDGES: Stocks Rising Slightly into Final Hour on Global Central Bank Hopes, Less Eurozone Debt Angst, Short-Covering, Investor Performance Angst

Stocks Rising Slightly into Final Hour on Global Central Bank Hopes, Less Eurozone Debt Angst, Short-Covering, Investor Performance Angst


Broad Market Tone:

  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Slightly Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • VIX 14.54 +3.49%
  • ISE Sentiment Index 220.0 +26.44%
  • Total Put/Call .64 -17.95%
  • NYSE Arms .70 +88.92%
Credit Investor Angst:
  • North American Investment Grade CDS Index 83.13 bps -3.14%
  • European Financial Sector CDS Index 184.99 bps -9.12%
  • Western Europe Sovereign Debt CDS Index 170.77 -6.33%
  • Emerging Market CDS Index 193.80 -4.65%
  • 2-Year Swap Spread 12.5 -1.0 basis point
  • TED Spread 28.75 -1.5 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -16.75 +.25 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .10% unch.
  • Yield Curve 161.0 +11 basis points
  • China Import Iron Ore Spot $101.60/Metric Tonne +5.72%
  • Citi US Economic Surprise Index 20.40 -4.7 points
  • 10-Year TIPS Spread 2.64 +16 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +33 open in Japan
  • DAX Futures: Indicating -17 open in Germany
Portfolio:
  • Higher: On gains in my Tech/Retail/Medical/Biotech sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, then added them back
  • Market Exposure: 50% Net Long

Today's Market Take

Source: http://feedproxy.google.com/~r/blogspot/RgFy/~3/n_WAbBMYh9s/stocks-rising-slightly-into-final-hour.html

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