Style Outperformer:Large-Cap Growth +.20%Sector Outperformers: 1) Oil Service +2.30% 2) Hospitals +1.30% 3) Road & Rail +.50%Stocks Rising on Unusual Volume:FIRE, NBR, INTU, RRC, WNR, SKS, GRMN, HSTM, LAMR, TXRH, SXCI, ASPS, MDCO, IPCM, MYL, HLF, CHS and CYHStocks With Unusual Call Option Activity: 1) INTU 2) GRMN 3) MNST 4) CTAS 5) CYHStocks With Most Positive News Mentions:1) INTU 2) FIRE 3) MOS 4) URBN 5) LMTCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
Read more...

Bloomberg:Greece Cut to Default Cusp as Fitch Takes First Ratings Step. Greece’s downgrade by Fitch Ratings is the first in a series of ratings cuts that the nation can expect after it negotiated the biggest sovereign debt restructuring in history. Fitch lowered Greece’s credit grade by two levels to C from CCC, saying a default is “highly likely in the near term,” and that it will cut the nation again to “Restricted Default” once a bond exchange is completed. Standard & Poor’s said in July it expected to downgrade Greece to “Selective Default”...
Read more...

Style Underperformer:Small-Cap Value -.69%Sector Underperformers:1) Coal -2.19% 2) Banks -1.68% 3) Homebuilders -1.48%Stocks Falling on Unusual Volume:SIMO, WMT, DLTR, TRAK, WPRT, KNOL, CAKE, DELL, PZZA, ALTE, YNDX, RP, ICON, Z, FSYS, ZIP, NFX, LAD, TOL, ICON, SDT, RGR, LL and FSTStocks With Unusual Put Option Activity:1) KRE 2) JAG 3) YOKU 4) SWY 5) NBRStocks With Most Negative News Mentions:1) YHOO 2) HGSI 3) CMA 4) DLTR 5) AMRCharts:ETFs Falling on Unusual VolumeStocks Falling on Unusual Volume Read
Read more...

Broad Market Tone: Advance/Decline Line: LowerSector Performance: Most Sectors DecliningVolume: Below AverageMarket Leading Stocks: Performing In LineEquity Investor Angst: VIX 18.20 +.05%ISE Sentiment Index 115.0 +21.05%Total Put/Call .91 +5.81%NYSE Arms 1.24 +27.37%Credit Investor Angst:North American Investment Grade CDS Index 98.08 +.96%European Financial Sector CDS Index 183.02 +2.76%Western Europe Sovereign Debt CDS Index 350.54 +2.55%Emerging Market CDS Index 252.57 -.23%2-Year Swap Spread 29.50 unch.TED Spread 41.0...
Read more...

Evening HeadlinesBloomberg:IMF Resources Talks Should Follow Europe Financial Firewall, Brainard Says. Group of 20 nations should discuss possible further resources for the International Monetary Fund after Europe decides on its financial firewall, the U.S. Treasury Department’s top international official said. “I’m sure when Europe’s response becomes clear the G-20 will be able to better assess IMF resources.” Brainard said a discussion on further IMF resources should follow European leaders’ assessment on the capabilities of a firewall at a March 1-2 summit. The IMF is seeking...
Read more...

Style Outperformer:Large-Cap Value +.59%Sector Outperformers: 1) Gold & Silver +2.59% 2) Alt Energy +1.19% 3) Coal +1.18%Stocks Rising on Unusual Volume:SWC, RIC, AUY, SKS, WYNN, ASIA, DWA, WPRT, PCYC, CHG, PBH, PBT, CHH, SWC, QCOR, CJES, PPO, PCYC, M and RRDStocks With Unusual Call Option Activity: 1) SWC 2) CIEN 3) HUM 4) LEAP 5) NIStocks With Most Positive News Mentions:1) BRCM 2) GRMN 3) JEC 4) WYNN 5) ETNCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
Read more...

Bloomberg:Greek Rescue Leaves Europe Default Risk Alive as Austerity Bites. Europe is still struggling to avoid the threat of default as investors warned Greece will soon risk violating the terms of its second bailout in three years. Seven months of negotiations ended in the pre-dawn hours in Brussels with Greece winning 130 billion euros ($172 billion) in aid it needs to avoid a March bankruptcy. Any respite may prove temporary after it signed up to a program of austerity and economic reform aimed at slashing debt to 120.5 percent of gross domestic product by 2020 from about...
Read more...

Style Underperformer:Small-Cap Growth -.41%Sector Underperformers:1) Airlines -6.07% 2) REITs -1.51% 3) Homebuilders -1.30%Stocks Falling on Unusual Volume:WMT, KLAC, HCN, SAVE, UAL, TSRA, MXWL, Z, CTRP, VVUS, TSRA, CIEN, SHPGY, RYAAY, CALL, MDVN, STMP, SATS, DAKT, ALGT, GILD, REGN, ITRI, TECH, GLNG, WFT, CTGX, RUK, NVE, MOH and CIEStocks With Unusual Put Option Activity:1) STI 2) ASIA 3) HRB 4) YOKU 5) APCStocks With Most Negative News Mentions:1) CTRP 2) KLAC 3) SINA 4) WMT 5) JCPCharts:ETFs Falling on Unusual VolumeStocks Falling on Unusual Volume Read
Read more...

Broad Market Tone: Advance/Decline Line: LowerSector Performance: Most Sectors DecliningVolume: Below AverageMarket Leading Stocks: Performing In LineEquity Investor Angst: VIX 18.31 +2.98%ISE Sentiment Index 102.0 -27.14%Total Put/Call .76 -10.59%NYSE Arms .89 -16.33%Credit Investor Angst:North American Investment Grade CDS Index 97.14 -.13%European Financial Sector CDS Index 178.23 -.39%Western Europe Sovereign Debt CDS Index 342.02 +2.02%Emerging Market CDS Index 253.57 -.52%2-Year Swap Spread 29.50 -1 bpTED Spread 42.0...
Read more...

Evening HeadlinesBloomberg: BOE’s Bean Says Greek Deal Doesn’t Eliminate Risk of Disorderly Outcomes. Bank of England Deputy Governor Charlie Bean said agreement on a second bailout for Greece may not be enough to end the debt crisis and countries in the euro- area periphery must reduce debt and improve competitiveness. “While this morning’s agreement between the Greek government and the euro-area authorities is certainly welcome, there still remains a possibility that events could unfold in a disorderly and damaging fashion at some stage in the future,” Bean said in a...
Read more...