U.S. Equity indexes are all positive now. The U.S. Dollar has turned positive and bond funds are positive. EEM which is emerging markets is above 0. However, bond funds just clicked into the red for HYG. We replaced CFT with LQD last week. Remember what matters is the slope of the 50 day moving average not the 50 day moving average itself.

All charts are created from www.erlangerchartroom.com and if interested in using this indicator in Chart Room please feel free to send us an email by using the Contact Us section from the home page.

]]> We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. SPY** **had unusual volume and excess put action. Volume remains light aside from SPY.

**Curr Vlm**= Current Option Volume for today**OpVol20**= 20 day Option Volume average**% Delta**(*sorted descendin*g) = Curr Vlm/ OpVol20 * 100**Sym**= Symbol**20 HV 100HV 252HV**= 20 day, 100 Day and 252 Day Historical Volatility**Slope**= The slope of the historic vol**Delta**= Change in slope**cOptInt**= Call Open Interest**pOptInt**=Put Open Interest**cVolum**= Call Volume**pVolum**= Put Volumed

]]>

We have added the price target from the Alpha Intelligence Stock Scorecard into the weekly update. All stocks are well below their price targets. ETFs recommendations can be found in The Madison Letter. In 2014, this will be updated each Friday with Market Crash Indicators.

Remember these returns are total returns with the average change for all winners and losers is 7.38% per idea. Our batting average of closed winners and losers is 70%. The portfolio is up 811.27% through last week from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 78.87 points or 10.76%. The performance on the Uncommon Wisdom Daily Portfolio Tracker is a bit higher due to dividends which they add in. We have never added in dividends so our weekly results are understated.

The Russell 2000 is now lagging the S&P 500 on a daily basis. The Madison Letter still invested but the A/D line signal is still in cash.

]]>IPOs on deck Lantheus Holdings, TherapeuticsMD and Westlake Chemical Partners LP. Secondaries on deck CUZ TXMD.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): X+.49, AXS+.44, NEU+.33, AMGN+.30, TRN+.25, RKT+.17, EW+.11, TMH+.09, PNRA+.08, SLCA+.08, AMP+.07, HIW+.07, AFL+.07, AXP+.05, BWLD+.05, CHRW+.04, MAR+.04, APC+.03, ULTI+.03, TWTR+.03, BXP+.02, DOX+.02, NCR+.02, GPN+.02, CBL+.02, CVD+.02, OI-.02, GNW-.02, GAS-.02, SM-.03, CINF-.05, VRTX-.07, APU-.08, NFX-.09, WSH-.10, ACMP-.10, TX-.13, RNR-.56

US futures: S&P 500 +6.75, Dow Jones +47 and NDX +17.50 with fair values flatish to up. Asia and Europe mixed. Copper lower with silver and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield +1. Prices as of 7:55 a.m. EDT.

Earnings due after the close (by market cap descending): SU, MET, JD, WMB, KRFT, TS, ALL, WPZ, WDC, ABX, HIG, WFM, LNC, ESV, MUR, LRCX, EQIX, AKAM, WLL, FMC, UNM, BMRN, CTRP, NOW, NE, PPC, TSO, FNF, AEM, HOLX, KEX, DDR, AUY, MEOH, EGN, FBHS, EXR, DRE, TWTC, OTEX, MAA, SPN, ALB, ALLE, YELP, TCO, KGC, SCI, MTW, STR, FEIC, CBT, INT, CNL, TGI, KBR, ATW, KS, PDM

Due Thursday morning (by market cap descending): XOM, BUD, COP, AZN, MA, OXY, EPD, CL, TEVA, MCK, DTV, TWC, VRX, ADP, APA, TRP, EXC, CI, CME, K, MPC, BDX, GG, PCG, PPL, DLPH, DISCA, SNE, MOS, CHTR, HST, IVZ, XEL, BWA, PNR, HP, NI, BG, ALU, LLL, ENDP, H, BLL, NWL, INCY, CCJ, LKQ, OAK, SCG, GIL, PWR, Q, SC, XRAY, IRM, VNTV, PNW, LM, MD, DDD, AVP, MSCI, CDW, ODFL, GEL, OCN, STAY, COMM, MPLX, ITT, TKR, CVI, SBH, ATK, TE, CVRR, UPL, KMT, CRR, NGD, STRZA, FIG, PCRX, MFA

USA Today: Economy picking up steam as consumers turn bullish. Does earnings growth mean more jobs? Vanguard sued for avoiding $1 billion in taxes. Twitter beats earnings.

]]>

We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. No names** **had unusual volume and excess put action. Volume remains light. With key economic data, we expect that to end today.

**Curr Vlm**= Current Option Volume for today**OpVol20**= 20 day Option Volume average**% Delta**(*sorted descendin*g) = Curr Vlm/ OpVol20 * 100**Sym**= Symbol**20 HV 100HV 252HV**= 20 day, 100 Day and 252 Day Historical Volatility**Slope**= The slope of the historic vol**Delta**= Change in slope**cOptInt**= Call Open Interest**pOptInt**=Put Open Interest**cVolum**= Call Volume**pVolum**= Put Volumed