Bear Radar

Style Underperformer:

• Small-Cap Growth (-1.49%)

Sector Underperformers:

• 1) Semis -2.44% 2) Banks -2.06% 3) Coal -2.05%

Stocks Falling on Unusual Volume:

• ISIL, DGIT, FNGN, LULU, ARST, UEPS, CHKE, KALU, NCMI, JST, ANDE, ANSS, QCOR, CSH and SIG
  

Stocks With Unusual Put Option Activity:

• 1) OVTI 2) AKS 3) CTRP 4) LFC 5) ADBE
  

Stocks With Most Negative News Mentions:

• 1) RIMM 2) DAL 3) GS 4) TXN 5) BAC
  

Bull Radar

Style Outperformer:

• Large-Cap Growth (-.30%)

Sector Outperformers:

• 1) Education +1.52% 2) Airlines +.59% 3) Disk Drives +52%

Stocks Rising on Unusual Volume:

• XRTX, HPQ, DELL, AAPL, IPGP, QLGC, PTNR, COGT, GENZ, FOSL, FIZZ, LOGM, UAUA, CSGS, FSYS, UEIC, VECO, MRX and JKS
  

Stocks With Unusual Call Option Activity:

• 1) AMR 2) CB 3) AKS 4) COST 5) TXN
  

Stocks With Most Positive News Mentions:

• 1) HPQ 2) INTC 3) AAPL 4) SCHW 5) GENZ

Monday Watch

Weekend Recommendations
Citigroup:

• Reiterated Buy on (TGT), target $72.

Night Trading

• Asian indices are +1.0% to +2.0% on average.
• Asia Ex-Japan Investment Grade CDS Index 130.50 -2.5 basis points.
• Asia Pacific Sovereign CDS Index 125.50 +3.0 basis points.
• S&P 500 futures +.53%.
• NASDAQ 100 futures +.54%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (DCI)/.64
• (WINN)/.12
  

Economic Releases
8:30 am EST

• Personal Income for July is estimated to rise +.3% versus unch. in June.
• Personal Spending for July is estimated to rise +.3% versus unch. in June.
• The PCE Core for July is estimated to rise +.1% versus unch. in June.

10:30 am EST

• Dallas Fed Manufacturing Activity for August is estimated to fall -16.0% versus a -21.0% decline in July.

Upcoming Splits

• (TSCO) 2-for-1
  

Other Potential Market Movers

• The Fed's Bullard speaking could also impact trading today.
  

BOTTOM LINE: Asian indices are higher, boosted by technology and commodity 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.

Weekly Outlook

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 higher on buyout speculation, technical buying, less sovereign debt angst, falling financial sector pessimism, bargain-hunting and short-covering. My intermediate-term trading indicators are giving mixed signals and the Portfolio is 100% net long heading into the week.

Market Week in Review

S&P 500 1,064.59 -.66%*



The Weekly Wrap by Briefing.com.

*5-Day Change