Style Underperformer:Mid-Cap Growth -.21%Sector Underperformers:1) Computer Services -1.61% 2) Oil Tankers -1.60% 3) Construction -.83%Stocks Falling on Unusual Volume:CTSH, BSFT, MINI, KFY, AIG, HMC, GEOY, JCOM, CPS, PETS, EPAY, TGA, LUFK, MFRM, SCSS, RUE, ZAGG, YNDX, PSMT, DRIV, OTEX, TESS, LFUS, GCOM, GGC, TPX, RNF, VMC, ANV, DGI and TPCStocks With Unusual Put Option Activity:1) TPX 2) CTSH 3) XOP 4) CLNE 5) NOVStocks With Most Negative News Mentions:1) MELI 2) LNT 3) CTSH 4) BA 5) AIGCharts:ETFs Falling on Unusual VolumeStocks Falling on Unusual Volume Read
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Broad Market Tone: Advance/Decline Line: HigherSector Performance: MixedVolume: Below AverageMarket Leading Stocks: Performing In LineEquity Investor Angst: VIX 18.55 -3.18%ISE Sentiment Index 85.0 +13.33%Total Put/Call .92 -9.8%NYSE Arms .95 -49.38%Credit Investor Angst:North American Investment Grade CDS Index 99.68 +.85%European Financial Sector CDS Index 244.12 -.05%Western Europe Sovereign Debt CDS Index 275.55 +.75%Emerging Market CDS Index 248.49 +.60%2-Year Swap Spread 29.75 +.75 basis pointTED Spread 39.0 -.5 basis...
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Evening HeadlinesBloomberg:Greek Government Mandate to Pass to Syriza as Samaras Fails. Greek political leaders will meet for a second day today in a bid to form a government, with the mandate for the task being handed to the second-biggest party after New Democracy leader Antonis Samaras said he failed to forge agreement after an election that raised questions about the country’s euro membership. Samaras gave up his bid after nearly six hours of talks in Athens yesterday. The attempt to form a government will pass to Alexis Tsipras, the head of Syriza, the second biggest...
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U.S. Week Ahead by MarketWatch (video).Wall St. Week Ahead by Reuters.Stocks to Watch Monday by MarketWatch.Weekly Economic Calendar by Briefing.com.BOTTOM LINE: I expect US stocks to finish the week modestly lower on rising global growth fears, less US economic optimism, rising Eurozone debt angst, technical selling, profit-taking, more shorting and high energy prices. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week. Read
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Weekend Headlines Bloomberg:End of Merkozy Leaves Franco-German Gulf as Greek Voters Rebel. Voters in Greece and France challenged austerity as Europe’s sole prescription for the financial crisis, adding pressure on German Chancellor Angela Merkel to broaden her focus from debt reduction to save the 17-nation bloc. Greek elections left the two biggest parties short of the clear majority to keep bailout efforts there on track. In France, Socialist Francois Hollande defeated President Nicolas Sarkozy, Merkel’s preferred partner for enforcing fiscal rigor. Germany and France, whose...
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Style Outperformer:Large-Cap Value -1.21%Sector Outperformers: 1) Airlines +.63% 2) Gold & Silver +.19% 3) Utilities +.18%Stocks Rising on Unusual Volume:MHK, POWI, SPRD, GMCR, HAIN, ZAGG, LF, DLB, DGI, LNKD, VHC, HAIN and CFNStocks With Unusual Call Option Activity: 1) ALXA 2) DTV 3) WU 4) SPRD 5) MPELStocks With Most Positive News Mentions:1) ESV 2) ALL 3) DLB 4) MAR 5) SPWRCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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Style Underperformer:Large-Cap Growth -1.91%Sector Underperformers:1) Oil Service -4.01% 2) Steel -2.94% 3) Networking -2.70%Stocks Falling on Unusual Volume:PBR, RIO, MANT, DRIV, KOS, SWN, IVN, SU, DELL, NRG, CPN, BODY, CHEF, CBOU, QLGC, ROVI, ANIK, MTSC, FSYS, TRMB, PEGA, INWK, AREX, MKTX, MGRC, MFLX, BLKB, RZV, IRF, MTD, ACM, TDC, MD, SKUL, AIG, SYNA, NCMI, CACI, FSLR, USO, CLR, CROX, PVH, EL, KBR, AON, FRAN, LAMR, WRC, TKR, CF, TAL, BPL, UCO, MTW and INVNStocks With Unusual Put Option Activity:1) CI 2) DTV 3) LYB 4) FITB 5) XHBStocks With Most Negative News Mentions:1) BODY 2) JPM 3) PRU...
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Bloomberg:Schaeuble Says Germany Will Negotiate With Hollande on Growth. The German government will allow a victorious Francois Hollande to “save face” while expecting him to uphold French commitments to Europe’s budget treaty, Finance Minister Wolfgang Schaeuble said. Schaeuble’s comments are the clearest indication yet that Chancellor Angela Merkel’s government is preparing for a Hollande victory at France’s presidential election May 6 after publicly backing Nicolas Sarkozy to win a second term. Earlier today, the German government said that diplomatic contact had been made...
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Broad Market Tone: Advance/Decline Line: Substantially LowerSector Performance: Almost Every Sector DecliningVolume: Below AverageMarket Leading Stocks: UnderperformingEquity Investor Angst: VIX 19.19 +9.28%ISE Sentiment Index 79.0 -28.83%Total Put/Call 1.01 unch.NYSE Arms 1.71 +8.88%Credit Investor Angst:North American Investment Grade CDS Index 98.75 +2.77%European Financial Sector CDS Index 244.39 +1.98%Western Europe Sovereign Debt CDS Index 273.51 -.06%Emerging Market CDS Index 247.63 +1.94%2-Year Swap Spread 29.0 +.75...
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IndicesS&P 500 1,369.10 -2.44%DJIA 13.038.20 -1.44%NASDAQ 2,956.44 -3.68%Russell 2000 791.84 -4.07%Value Line Geometric(broad market) 352.79 -3.79%Russell 1000 Growth 647.01 -2.79%Russell 1000 Value 669.94 -2.28%Morgan Stanley Consumer 795.57 -1.90%Morgan Stanley Cyclical 962.25 -2.86%Morgan Stanley Technology 684.84 -3.03%Transports 5,227.64 -.76%Utilities 467.88 -.34%Bloomberg European Bank/Financial Services 74.03 -3.31%MSCI Emerging Markets 42.24 -.23%Lyxor L/S Equity Long Bias 1,033.50 +1.30%Lyxor L/S Equity Variable Bias 820.20 +1.10%Lyxor L/S Equity Short Bias 539.12...
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