Tuesday, October 01, 2024

Bear Radar

Style Underperformer:

  • Small-Cap Value -1.6%
Sector Underperformers:
  • 1) Alt Energy -2.8% 2) Computer Hardware -2.7% 3) Regional Banks -2.7%
Stocks Falling on Unusual Volume: 
  • LNW, BBW, KALV, CCRN, RBRK, CUK, ARWR, VSAT, CCL, VERA, LOAR, WEAV, SVCO, LEGN, MU, RITM, SIRI, MSTR, LOGI, HRTG, CDW, SATS, AMN, BBVA, W, RIVN, PLRX, CAPR, HUM, PHAT, NEO, NTLA, FDMT, TEM, TWO, FVRR, FLNC, BASE, PRCT, TMDX, JKS, RCKT, MARA, INOD, COIN, ACMR, ASPN, AMSC, INMD, SIG, PNTG, MEG, MGNI, ESTA, ALHC and GMS
Stocks With Unusual Put Option Activity:
  • 1) NFE 2) YANG 3) PAYX 4) LMT 5) NOK
Stocks With Most Negative News Mentions:
  • 1) STTK 2) ARQQ 3) IGMS 4) GRTS 5) PTON
Sector ETFs With Most Negative Money Flow:
  • 1) FDN 2) SMH 3) XBI 4) IGV 5) PTF

Bull Radar

Style Outperformer:

  • Large-Cap Value -.6%
Sector Outperformers:
  • 1) Oil Service +2.7% 2) Energy +2.1% 3) Defense +1.0%
Stocks Rising on Unusual Volume:
  • SITC, UNFI, NNE, BEKE, DIN, AYI, FUTU, LB, LI, BILI, BWLP, AVAV, GDS, SGML, PDD, KTOS, APO, ZK, SOC, PAYX, APA, ELVN, GCT, LEU, FTI and EOLS
Stocks With Unusual Call Option Activity:
  • 1) INMD 2) LMT 3) MCHI 4) NFE 5) NFE
Stocks With Most Positive News Mentions:
  • 1) AYI 2) LI 3) UNFI 4) AS 5) MCK
Sector ETFs With Most Positive Money Flow:
  • 1) XLF 2) XLP 3) XLU 4) KRE 5) IYF
Charts:

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CAG)/.60
  • (RPM)/1.75
After the Close: 
  • (LEVI)/.31
Economic Releases

8:15 am EST

  • The ADP Employment Change for Sept. is estimated to rise to 125K versus 99K in Aug.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,172,330 barrels versus a -4,471,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -764,500 barrels versus a -1,538,000 barrel decline the prior week. Distillate inventories are estimated to fall by -2,143,170 barrels versus a -2,227,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to fall by -.77% versus a -1.2% decline prior.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Hammack speaking, Fed's Bowman speaking, Fed's Barkin speaking, OPEC Meeting, Dallas Fed PCE for August, weekly MBA Mortgage Applications report and the UBS Ophthalmology Day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

  • Volume Running +14.0% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 12.0 +.3
  • 9 Sectors Declining, 2 Sectors Rising
  • 37.4% of Issues Advancing, 65.0% Declining 
  • TRIN/Arms .84 -17.7%
  • Non-Block Money Flow -$31.0M
  • 143 New 52-Week Highs, 17 New Lows
  • 58.6% (-3.9%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 67.0 +1.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 56.0 -5.2%
  • Bloomberg Cyclicals/Defensives Index 227.2 -.2%
  • Russell 1000: Growth/Value 19,529.6 -1.3%
  • CNN Fear & Greed Index 69.0 (GREED) -5.0
  • 1-Day Vix 13.7 +14.5%
  • Vix 19.1 +14.1%
  • Total Put/Call .88 -1.1%