Style Outperformer:Small-Cap Value -1.01%Sector Outperformers: 1) Tobacco -.11% 2) Utilities -.60% 3) Drugs -.82%Stocks Rising on Unusual Volume:SZYM, LOPE, CTSH, DMND, SLXP, GNRC, VSI, NVE, EPAY and IVRStocks With Unusual Call Option Activity: 1) GFI 2) MAKO 3) EUO 4) NWSA 5) EDZStocks With Most Positive News Mentions:1) VRTX 2) RIMM 3) LMT 4) MCD 5) SNCRCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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Style Underperformer:Mid-Cap Growth -2.11%Sector Underperformers:1) Coal -3.86% 2) Oil Service -3.33% 3) Steel -3.30%Stocks Falling on Unusual Volume:DB, AMX, CLMT, SFY, WLL, CCJ, ANDE, FOSL, MAKO, SNCR, QSII, MTRX, ULTA, SCSS, PRGO, NILE, NXTM, EA, ARMH, BSFT, DISCA, LULU, SAVE, WWWW, TSLA, IHG, DNB, SMG, IEO, RL, RPG, ANV, TDC, CNQR, TPC, ANN, NUS, RNF, LNKD, SIL, CROX, RKT, PANL, PVH, VHC, PMT, WYNN, BLT, CFX, GES, GTLS, ANF, PBI, RGR, LRN, SLCA, MOV and GVAStocks With Unusual Put Option Activity:1) FOSL 2) MAKO 3) RAX 4) LOW 5) ADSKStocks With Most Negative News Mentions:1) MS 2) EA 3)...
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Bloomberg:Greek Default Risk Returns as Bond Maturity Nears. Two months after forcing through the biggest-ever sovereign bond restructuring, Greece once again faces the prospect of becoming the first developed nation to default on its debt. The government taking office after this weekend’s election has 30 days to decide whether to make today’s interest payment on 20 billion yen ($250 million) of 4.5 percent notes maturing in 2016, or default. Then, by May 15, officials must decide if they’re going to repay the 436 million euros ($555 million) due on a floating-rate note issued...
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Broad Market Tone: Advance/Decline Line: LowerSector Performance: Every Sector DecliningVolume: Around AverageMarket Leading Stocks: Performing In LineEquity Investor Angst: VIX 19.45 +2.69%ISE Sentiment Index 51.0 -37.8%Total Put/Call 1.19 +32.22%NYSE Arms 2.13 +107.78%Credit Investor Angst:North American Investment Grade CDS Index 101.04 +1.15%European Financial Sector CDS Index 255.98 +4.84%Western Europe Sovereign Debt CDS Index 279.38 +1.39%Emerging Market CDS Index 253.88 +2.10%2-Year Swap Spread 31.0 +1.25 basis...
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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 Growth -.22%Sector Outperformers: 1) Biotech +1.65% 2) Airlines +1.17% 3) Internet +.47%Stocks Rising on Unusual Volume:UAL, KT, VRTX, SYNC, SPRD, CREE, CONN and TSNStocks With Unusual Call Option Activity: 1) DISH 2) CTSH 3) VRTX 4) EA 5) SYNAStocks With Most Positive News Mentions:1) NVDA 2) PEP 3) LMT 4) DRC 5) LUVCharts:ETFs Rising on Unusual VolumeStocks Rising on Unusual Volume Read
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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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Bloomberg:Merkel Rejects Stimulus in Challenge to Hollande’s Growth Plans. German Chancellor Angela Merkel rejected government stimulus as the way to spur economic growth in Europe, setting up a clash with French President-elect Francois Hollande before he’s even taken office. In her first response to Hollande’s victory in yesterday’s French election, Merkel rejected a return to the “huge” stimulus programs following the financial crisis in favor of business-friendly economic changes. She and Hollande will talk “very openly” about the form of growth to pursue, a...
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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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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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