December E-mini S&Ps (ESZ14 +0.04%) this morning are down -0.05% ahead of the minutes of the Oct 28-29 FOMC meeting, while European stocks are up +0.24% at a 1-1/2 week high as health-care stocks gained on speculation of increased M&A activity.

The average large cap score is 67.11 this week, above the four week moving average score of 62.49. The average large cap stock is trading -8.53% below its 52 week high, 4.12% above its 200 dma, has 4.49 days to cover held short, and is expected to grow its EPS by 13.3% next year.

September E-mini S&Ps (ESU14 unch) this morning are down -0.08% and European stocks are down -0.26% ahead of the release of the minutes of the Jul 29-30 FOMC meeting later today.

Since 2010, the top scoring stocks in our weekly large cap report have returned an average 367 bps of excess to the SPX in the following year.

Since 2010, the top scoring stocks in our weekly large cap report have returned an average 374 bps of excess to the SPX in the following year.

June E-mini S&Ps (ESM14 +0.03%) this morning are up +0.05% at a new all-time high and European stocks are up +0.25% at a 5-1/2 year high after manufacturing activity in China last month expanded at the fastest pace in 5 months.