Monday, June 03, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (BBWI)/.33
  • (DCI)/.83 
  • (FERG)/2.31
After the Close: 
  • (CRWD)/.89
  • (HPE)/.39
  • (PVH)/2.16
  • (SFIX)/-.24
  • (VRNT)/.54
Economic Releases
10:00 am EST
  • JOLTS Job Openings for April is estimated to fall to 8350K versus 8488K in March.
  • Factory Orders for April is estimated to rise +.6% versus a +.8% gain in March.
  • Factory Orders Ex Transports for April is estimated to rise +.5% versus a +.4% gain in March.
  • Final Durable Goods revisions for April.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The weekly US retail sales reports, weekly API crude oil stock report, IBD/TIPP Economic Optimism Index, American Society of Clinical Oncology Meeting, Deutsche Bank Consumer Conference, William Blair Growth Stock Conference, Cowen Future of Consumer Conference, Deutsche Bank Materials/Industrials Conference, Morgan Stanley Travel/Leisure Conference, BofA Housing Symposium, BofA Tech Conference, UBS Auto/Auto Tech Conference, Wolfe Research Small/Mid-Cap Conference, Jefferies Healthcare Conference, (TJX) annual meeting, (PENN) annual meeting, (CSCO) investor day, (SNOW) investor day, (APP) annual meeting, (GM) annual meeting,  and the Baird Consumer/Tech/Services Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

Afternoon Market Internals

NYSE Composite Index:

  • Volume Running +7.0% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 10.6 -2.4
  • 10 Sectors Declining, 1 Sector Rising
  • 37.6% of Issues Advancing, 60.1% Declining 
  • TRIN/Arms 1.37 +61.2%
  • Non-Block Money Flow -$120.2M
  • 108 New 52-Week Highs, 40 New Lows
  • 57.5% (-2.3%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 47.0 +3.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 64.2 -3.6%
  • Bloomberg Cyclicals/Defensives Index 233.4 -.62%
  • Russell 1000: Growth/Value 19,529.4 +1.1%
  • CNN Fear & Greed Index 49.0 (NEUTRAL) +1.0
  • 1-Day Vix 11.4 +11.3%
  • Vix 13.7 +5.9%
  • Total Put/Call .88 -8.3%

Sunday, June 02, 2024

Monday Watch

Today's Headlines

Zero Hedge: 

Wall Street Journal:

CNBC:  
MarketWatch.com:  
Fox News:
TheGatewayPundit.com:

The Epoch Times:

Around X:
  • @EmeraldRobinson
  • @greg_price11
  • @TheChiefNerd
  • @JamesMelville 
  • @KanekoaTheGreat
  • @newstart_2024
  • @VigilantNews
  • @AmyMek
  • @CollinRugg
OpenVAERS: 
SKirsch.com:
Night Trading
  • Asian indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 96.75 +1.25 basis points.
  • China Sovereign CDS 62.5 +.75 basis point.
  • China Iron Ore Spot 114.1 USD/Metric Tonne -1.2%.
  • Bloomberg Emerging Markets Currency Index 39.6 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 67.3 +1.3%.
  • Volatility Index(VIX) futures 14.4 -1.6%. 
  • Euro Stoxx 50 futures +.96%.
  • S&P 500 futures +.23%.
  • NASDAQ 100 futures +.24%.

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

Saturday, June 01, 2024

Today's Headlines

Barron's:
  • Had bullish commentary on (WDFC).
Around X:
  • @BGatesIsaPsycho
  • @Songpinganq
  • @TuckerCarlson
  • @libsoftiktok
  • @JackPosobiec
  • @LaraLogan
  • @thehealthb0t
  • @wideawake_media
  • @TaraBull808
  • @ChuckCallesto
  • @WallStreetApes
  • @WallStreetSilv
  • @VigilantFox 
  • @TPostMillennial
  • @newstart_2024
  • @IGSquawk 
OpenVAERS:
SKirsch.com:

Friday, May 31, 2024

Evening Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:  

CNBC:

MarketWatch.com:

NewsMax:  

Fox News:

TheGatewayPundit.com: 

Epoch Times:

  • @BGatesIsaPsycho
  • @DowdEdward
  • @TwinTowerCity
  • @wideawake_media
  • @TheThe1776
  • @WallStreetApes
  • @EmeraldRobinson
  • @ImMeme0
  • @simonateba
OpenVAERS:
SKirsch.com: