Bull Radar

Style Outperformer:
Large-Cap Value (+.02%)

Sector Outperformers:
Steel (+2.53%), Computer Hardware (+.88%) and Agriculture (+.48%)

Stocks Rising on Unusual Volume:
TIE, CLF, MPWR, MRVL, PNR, PFE, RDN, BID, AGO, AN, AGAM, CTEL, PRGO, LOPE, GIVN, CISG, AMSC, HUSA, SHOO, EXLS, BCSI, EZCH, PLCE, STX, SNDK, SPWRB, TTEK, LRCX, TGI, PZJ, REV, AOS, RCL, CUK and BKD

Stocks With Unusual Call Option Activity:
1) TIE 2) LEN 3) FLEX 4) DO 5) SLXP

Tuesday Watch

Evening Headlines
Bloomberg:

• Greek Stalemate Deepens as Trichet Rejects Loan 'Subsidy' Call. Europe’s stalemate over possible aid for debt-encumbered Greece deepened as European Central Bank President Jean-Claude Trichet spoke out against offering low- interest loans for which the Greek government has pressed. Trichet’s demand for stringent terms and German Chancellor Angela Merkel’s push for sanctions against nations that breach deficit limits heightened the chance that Greece will leave a March 25-26 summit empty-handed. That could force Prime Minister George Papandreou to decide whether he’s ready to fulfill his threat and turn instead to the International Monetary Fund. “There shouldn’t be any subsidy element, no concessionary element” in a potential loan to Greece, Trichet told lawmakers in Brussels yesterday. Merkel said in Berlin that there’s no need for European Union leaders to make any “concrete decisions” on Greek aid this week.
• Biggs Says Stocks Have 'Momentum,' May Rise Another 10%: Video. Barton Biggs, managing partner at Traxis Partners LLC, talks with Bloomberg’s Matt Miller and Carol Massar about the outlook for the U.S. stock market.
• Texas Beats Other States Out of Recession, Comerica Report Says.
• AIG Chief Benmosche Nominated to Credit Suisse Board. American International Group Inc. Chief Executive Officer Robert Benmosche was nominated to rejoin the board of Credit Suisse Group AG seven months after he stepped down as a director of the Swiss bank.
• Health-Care Cost Lies Make Us Sing the Blues: Amity Shlaes. Everyone knows the bill will widen deficits over time. Entitlement and mandate expansions always do. And everyone knows that health-care reform isn’t about fiscal rectitude.

Wall Street Journal:

• Sallie Mae(SLM) Says Lending Policy Changes Will Cost 2,500 Jobs. Student lender SLM Corp. (SLM) said Monday that changes approved by the U.S. House of Representatives on Sunday that will end federal funding to student lenders will lead it to cut more than a quarter of its workers and shutter the majority of its locations nationwide. In an emailed statement, the lender, best known as Sallie Mae, said, "The student loan provisions buried in the health-care legislation intentionally eliminate private sector jobs at a time when our country can least afford to lose them. We are profoundly disappointed that thousands of student loan originators will soon lose their jobs to less-experienced Washington, D.C., bureaucrats, although the Senate has the power to change this." Spokeswoman Martha Holler said in an email that the company estimates at this point it will have to cut 2,500 of its 8,600 current employees and expects to operate about five to seven locations, down from the 25 it runs now.
• U.S. Aims to Bolster Overseas Fight Against Cybercime. The alleged Chinese cyber attacks on Google(GOOG) have spurred proposals at the State Department and on Capitol Hill to establish an ambassador-level cybersecurity post and to tie foreign aid to a country's ability to police cybercrime.

BusinessWeek.com:

• States Say They'll Challenge Health Bill for Costs, Mandate. President Barack Obama is bumping up against a revolt over the health-care overhaul and its expansion of state-run Medicaid, with 12 states challenging its constitutionality in lawsuits to be filed once he signs it. Florida, Texas and Pennsylvania are among the states claiming the legislation places a fiscal burden on their cash- strapped budgets, according to statements by state attorneys general. The health-care overhaul will make as many as 15 million more Americans eligible for Medicaid nationwide starting in 2014 and will cost the states billions to administer. States faced with unprecedented declines in tax collections already are cutting benefits and payments to hospitals and doctors in Medicaid, the health program for the poor paid jointly by state and U.S. governments. The costs to hire staff and plan for the average 25 percent increase in Medicaid rolls may swamp state budgets, said Toby Douglas, who manages California’s Medicaid program. “We face enormous challenges just sustaining our existing program,” said Douglas, whose state has not joined the lawsuits, in a March 18 telephone interview. “I just don’t see states having the capacity to move forward on these changes in this environment.” For California, with a $20 billion budget deficit, the extra load will cost at least an additional $2 billion to $3 billion annually, said Douglas, chief deputy director for California’s health care programs.
• Corporate Balance Sheets Show Surprising Strength. Despite a harsh recession and alluringly low interest rates, many companies have shrunk debt and other obligations over the past yea.

CNBC:

• PBoC Governor Says Yuan Issue 'Very Complicated'.

IBD:

• Maker Of Wi-Fi Chips Bets Your Electrical Wires Will Move Data. Atheros Communications (ATHR) is best known for chips based on a popular technology called wireless fidelity.

Business Insider:

• Let's Be Clear, The New Healthcare Bill Adds Significantly To Our Fiscal Crisis.
• The Fed's Dennis Lockhart Reveals The Three Ways The Greek Crisis Could Hurt The US.
  

zerohedge:

• Moody's Warns of Upcoming Bank Downgrades if Dodd Bill Passes, BofA(BAC), Citi(C) and Wells(WFC) at Greatest Risk. Moody's says that if the Dodd bill passes in the substantially proposed form, the rating agency will likely need to cut various banks due to the elimination of assumptions about systemic support as some from a resolution authority is introduced. The banks that would suffer the most are:

Forbes:

• The Health Bill's Collateral Damage. How the health care bill hurts college students.

Huffington Post:

• Why Fannie Mae, Freddie Mac Continue To Cost US Taxpayers Billions. Of all the companies bailed out by the federal government, mortgage finance giants Fannie Mae and Freddie Mac are shaping up as the deepest money pits. A close look at their past and recent financial filings shows why their losses continue to mount. Fannie and Freddie effectively became wards of the government in 2008. The Obama administration had promised to reveal its plans for the agencies last month, but Washington's focus on reforming the banking system pushed them to the bottom of the to-do list. Fannie and Freddie aren't mentioned in either the Senate or House financial regulatory reform bills. Together the two firms have already tapped $125 billion from government lifelines and the Congressional Budget Office predicts they ultimately will drain $380 billion. That would far exceed the final tabs for rescuing the big banks, the automakers or even insurance behemoth American International Group (AIG). "These calls on taxpayer funds are troubling to all of us," Edward J. DeMarco, acting director of the Federal Housing Finance Agency, said in a letter to congressional leaders last month. DeMarco's predecessor at the housing finance agency, Fannie and Freddie's regulator, has acknowledged that taxpayers are unlikely to ever see a full return on their investment.

Politico:

• Financial Reform Bill Sent to Senate. The Senate Banking Committee approved sweeping financial reform legislation Monday on a party line vote, with Republicans refusing to offer a single amendment, providing a stark reminder that Democrats still have a long way to go to gain essential GOP support. Hopes had been high that financial reform would avoid the partisan rancor that has marked other major legislation atop the White House agenda. But after months of talks with multiple Republican partners, Senate Banking Chairman Chris Dodd still lacks a single GOP vote for his bill.

Real Clear Politics:

• ObamaCare is Politically Vulnerable. It's an impenetrable labyrinth of new taxes, benefits, and regulations, passed on the narrowest of possible majorities with more than 10% of the Democratic caucus joining every Republican. Even Wile E. Coyote would be embarrassed by its inefficiencies. Still, the thought among its proponents at the moment is that the legislation, once enacted, cannot be repealed. It will have the benefit of our system's strong "status quo bias." Accordingly, expect yesterday's critics of the filibuster to become its valiant defenders should push come to shove. The status quo bias is a very real thing, and it makes the Republican efforts to modify or repeal challenging. The GOP must control the entire government by January, 2013 to enact major changes to the legislation. By then, the thinking goes among proponents, those with a personal stake in preserving the legislation will be in place to protect it, just as seniors have been on guard against raids on Social Security. Yet it's not that simple. The Democrats crammed a $2 trillion bill into a $1 trillion package by delaying the distribution of most benefits for four years, until 2014. This creates two major political vulnerabilities for ObamaCare.

Reuters:

• Japan Govt to Face Big Fund Shortage in 2011/12 - Nikkei. Japan's government may need to issue more bonds or drop some spending plans as it faces a shortage of up to 7 trillion yen ($78 billion) in funds in the year to March 2012, the Nikkei newspaper reported. An increase in bond issuance would raise the spectre of a cut in Japan's sovereign ratings as the national debt is nearing 200 percent of its gross domestic product, analysts say. Fitch, Moody's and Standard and Poor's have all warned Japan it faces a ratings downgrade, which could raise the borrowing costs for the most indebted of the industralised nations and rattle investors who are already nervous about Greece's debt and the sovereign risk facing other European nations. "The government has said it will launch a fiscal framework this year, and that could be the trigger for a downgrade if it doesn't go well," said Nobuto Yamazaki, executive fund manager at DIAM Asset Management in Tokyo.
• Google(GOOG) Reroutes China Search, Beijing Lashes Back.
  
• Distressed U.S. Home Sales on the Rise. Purchases of homes in or near foreclosure last month hit the highest percentage of total sales since July 2008, indicating a trend that is closely correlated with falling home prices, according to a survey released on Monday. Distressed properties made up 48.1 percent of home purchases in February, according to the Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions.The survey, which polls more than 1,500 real estate agents, found distressed sales were as low as 37 percent in November.

Financial Times:

• Renminbi Reform is Just the Start for China. The friction between Washington and Beijing over exchange rates is about to get a lot worse. On April 15, the US Treasury will issue the first of two semi-annual currency reports, mandated by law since 1988, in which China may be deemed to be manipulating its currency “for the purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade”. If China continues to stand firm in the face of US pressure for policy change, the case will almost certainly go to the World Trade Organisation. More to the point, it will become the most prominent of several bilateral spats, in which the US could threaten to impose across-the-board tariffs on Chinese imports and China could threaten to dump holdings of US Treasury bonds. A major economic dispute between the US and China would be in no one’s interest, least of all China’s, but it looks unavoidable for three reasons.

Telegraph:

• Greece Accuses Germany of 'Squalid Game' in Debt Crisis. Greece has further complicated its chances of an EU rescue package this week, accusing Germany of exploiting the debt crisis to enrich its banks and drive down the euro for global export advantage. "By speculating on Greek bonds and allowing credit institutions to participate in this squalid game, some people are making money," said deputy premier Theodoros Pangalos. "As long as southern Europe is under fire and the euro is falling , they (the Germans) can win massive exports in the rest of the world," he said.

Economic Daily News:

• Taiwan Semiconductor Manufacturing Co. lifted its estimate for global semiconductor market output to grow by 22% this year from the previous forecast of an 18% increase, citing Chairman Morris Chang.

Securities Times:

• Chinese companies owned by the central government with overcapacity will be barred from buying shares in commercial banks, citing an official at the China Banking Regulatory Commission. Steel, cement, shipbuilding and coal were among industries named as having overcapacity.

Haaretz:

• Netanyahu tells AIPAC: Jerrusalem is no settlement. Jerusalem is not a settlement, Prime Minister Benjamin Netanyahu told thousands of participants at AIPAC's annual conference here on Monday. The prime minister met Monday with U.S. Secretary of State Hillary Clinton in an attempt to put an end to the crisis that began when the report broke of plans to build 1,600 new units in Ramat Shlomo in East Jerusalem two weeks ago during the visit to Israel of U.S. Vice President Joe Biden. Before Netanyahu left for Washington he asked Housing Minister Ariel Atias not to participate in the dedication ceremony for a new neighborhood in Pisgat Ze?ev in East Jerusalem. Netanyahu made the request in light of the recent tensions between Israel and the United States over construction in East Jerusalem. Atias canceled his participation and the festive ceremony, which could have overshadowed Netanyahu?s Washington visit. Netanyahu informed Clinton that the ceremony had been postponed but also said he would not change government policy on construction in East Jerusalem, which has not changed in the 42 years it has been in Israeli hands. Netanyahu is to meet Tuesday evening at the White House with U.S. President Barak Obama.

Evening Recommendations
Citigroup:

• Reiterated Buy on (CVG), target $15.
  

Night Trading

• Asian indices are -.25% to +1.0% on average.
• Asia Ex-Japan Investment Grade CDS Index 103.0 -3.0 basis points.
• S&P 500 futures +.01%
• NASDAQ 100 futures -.09%

Morning Preview Links

Earnings of Note
Company/Estimate

• (SCS)/.00
• (CCL)/.12
• (KBH)/-.41
• (WAG)/.71
• (JBL)/.27
• (DRI)/.92
• (ADBE)/.37

Economic Releases
10:00 AM EST

• Existing Home Sales for February are estimated to fall to 5.0M versus a reading of 5.05M in January.
• The House Price Index for January is estimated to fall -.8% versus a -1.6% decline in December.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Plosser speaking, Fed's Yellen speaking, Richmond Fed Manufacturing report, Treasury's $44B 2-Year Note Auction, weekly retail sales reports, Treasury's Geithner testifying before the House, (RMBS) Analyst Day, Barclays Healthcare Conference, Howard Weil Energy Conference, ABC consumer confidence reading and the API energy inventory report could also impact trading today.

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

Stocks Reversing Higher into Final Hour on Short-Covering, Less Sovereign Debt Angst, Technical Buying

Broad Market Tone:

• Advance/Decline Line: Higher
  
• Sector Performance: Most Sectors Rising
  
• Volume: Above Average
  
• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• VIX 16.93 -.24%
  
• ISE Sentiment Index 131.0 +22.43%
  
• Total Put/Call .92 -5.15%
  
• NYSE Arms .60 -52.97%
  

Credit Investor Angst:

• North American Investment Grade CDS Index 91.47 bps +6.32%
  
• European Financial Sector CDS Index 78.66 bps +10.18%
  
• Western Europe Sovereign Debt CDS Index 76.72 bps -2.44%
  
• Emerging Market CDS Index 223.21 bps +2.52%
  
• 2-Year Swap Spread 19.0 bps -1.0 bp
  
• TED Spread 15.0 +2.0 bps
  

Economic Gauges:

• 3-Month T-Bill Yield .14% -1 bp
  
• Yield Curve 269.0 bps -1 bp
  
• Copper Days Demand 15.26 days +1.65%
• Citi US Economic Surprise Index +41.80 +3.4 points
  
• 10-Year TIPS Spread 2.20% unch.
  

Overseas Futures:

• Nikkei Futures: Indicating -100 open in Japan
• DAX Futures: Indicating +12 open in Germany

Portfolio:

• Higher: On strength in my Retail, Medical, Biotech and Tech long positions
• Disclosed Trades: Covered all my (IWM)(QQQQ) hedges, covered some of my (EEM) short
  
• Market Exposure: Moved to 100% Net Long

BOTTOM LINE: Today's overall market action is bullish as the major averages reverse morning losses, despite the recent surge in credit default swaps, China bubble/trade concerns, healthcare reform fears, tax hike worries and Greece bailout concerns. On the positive side, Airline, Gaming, Hospital, Disk Drive, Semi and Computer shares are especially strong, rising 2.0%+. Small-cap and market leading stocks are also outperforming. Despite an equity rally, bounce in the euro and rise in oil, gold is lower on the day, the 10-year yield is down slightly and inflation expectations are stable. On the negative side, I-Bank, Insurance, Oil Service, Energy, Oil Tanker, Coal and Utility stocks are down on the day. Transportation shares are also underperforming. The market's performance today is very impressive, considering the news, its technically overbought state and overseas losses. The passage of this health-care reform package is a huge long-term negative for US stocks and the economy if implemented, in my opinion. However, a lifting of the uncertainty regarding this outcome is likely providing a near-term boost to stocks. The debt situation in Europe continues to bare close monitoring. I expect US stocks to trade mixed-to-higher into the close from current levels on short-covering, less sovereign debt angst and technical buying.

Today's Headlines

Bloomberg:

• Greece Leads Rise in Sovereign Debt Risk. Greece led a rise in the cost of credit-default swaps on government bonds amid concern that failure to agree an aid package for the nation at this week’s European Union summit will trigger a sovereign debt crisis. Swaps on Greek bonds climbed 26 basis points to 356, the highest level in more than three weeks, according to CMA DataVision prices. Contracts on Spain jumped 4 to 115, Portugal was up 6.5 at 142, Italy was 5 higher at 109 and Ireland rose 4 to 137. German Chancellor Angela Merkel, who favors an International Monetary Fund led bailout, may be heading for a summit clash with French President Nicolas Sarkozy, who’s pressing for an EU rescue. Greek Prime Minister George Papandreou and European Commission President Jose Barroso said the EU should spell out its aid measures at the March 25-26 meeting in Brussels. “Greece is a concern for the entire marketplace,” said Gary Jenkins, head of credit research at Evolution Securities Ltd. in London. “If Greece were to collapse, what happens to Portugal, what happens to Spain, what happens to the U.K.? There are a lot of heavily indebted countries out there that need to raise a lot of money.” Greek 10-year bonds slid, widening the premium investors demand to hold the debt instead of German bunds to the most in almost a month. The yield spread between Germany and other so- called peripheral European debt including notes from Italy, Ireland, Portugal and Spain widened on concern the region’s fiscal crisis will spread.
• Citi(C) to Double Team Helping Institutional Hedge Fund Investment. Citigroup Inc., the bank 27 percent owned by the U.S. government, plans to double the size of a team helping pension and government-backed funds manage direct hedge fund investments, said Nick Roe, its global prime finance head.
• The Baltic Dry Index, a measure of shipping costs for commodities, fell to the lowest in 11 days on rates to ship Australian and Brazilian iron ore to China. The index tracking transport costs on international trade routes retreated 42 points, or 1.2%, to 3,337 points, according to the Baltic Exchange.
• China's Stocks Will Extend Drop, Dreyfuns' Simon Says. China’s stocks will likely extend declines for the next several months as inflation risks increase before rebounding by the third quarter, said Hugh Simon, co- manager of the $1.1 billion Dreyfus Greater China Fund. “You’ll continue to see some consolidation and then you’ll probably see some higher prices later in the year, probably in the second and third quarter,” Simon said in a Bloomberg Television interview. His fund beat 94 percent of peers last year, according to data compiled by Bloomberg. The Shanghai Composite Index has fallen 6.6 percent this year, the fifth-worst performer globally among 93 benchmark Indexes.
• U.S. Stocks Outlook Is 'Quite Positive' for Legg Mason's Miller. Legg Mason Inc.’s Bill Miller said he has a “quite positive” outlook for U.S. stocks and favors technology and financial companies because of their valuations. Technology companies are his largest holding because they are “very cheap,” said Miller, chief investment officer of U.S.-based Legg Mason Capital Management, with $16.9 billion in assets. His fund boosted stakes in financial shares in January and February.
• U.S. Property Index Rises for Third Straight Month. U.S. commercial property values rose for a third month in January as the economy grew, according to Moody’s Investors Service. The Moody’s/REAL Commercial Property Price Index climbed 1 percent from December, Moody’s said today in a report. Values are 40 percent lower than the peak in October 2007. The index fell 24 percent from a year earlier.
• OSX Plunges as Eike Batista Calls Market 'Difficult'. OSX Brasil SA, billionaire Eike Batista’s oil-services and shipbuilding company, plunged 12 percent in its first day of trading after slashing the size of its initial public offering to lure investors. Batista today called market conditions in Brazil “difficult” and said at the ceremony for OSX’s debut in Sao Paulo that it would have been better to sell the shares in the second half of the year. OSX’s sale was the biggest IPO in Brazil this year even after Batista cut the size by 67 percent last week.

Wall Street Journal:

• Feinberg to Review Pay at Bailed-Out Firms. The U.S. pay czar plans to review executive compensation at Goldman Sachs Group Inc.(GS), J.P. Morgan Chase & Co.(JPM) and 417 other firms that took government bailout funds, to determine if any bonuses, salary or other compensation paid during a short window should be returned, according to government officials.
  
• Germany Ponders Bank Levy. German Chancellor Angela Merkel's cabinet could approve a bank levy to cover the cost of future financial bailouts as early as next week, a government spokesman said Monday. Government spokesman Ulrich Wilhelm said the levy is part of a "strategy to minimize the systemic risks posed by big banks" and oblige them to "bear the costs of coping with the crisis."
• First Solar(FSLR) Flies Too Close to the Sun. First Solar's reign as the sun king could be coming to an end. The Tempe, Ariz., company has long stood out from its peers in the solar-panel manufacturing sector. Not only is First Solar's balance sheet sturdier than rivals', but its panels are cheaper, resulting in enviable profit margins and revenue growth. Trouble is, the picture darkens over the next few years. Solar power relies almost completely on subsidies, and those are being slashed in Germany, where First Solar made 65% of its sales last year.

MarketWatch:

• Google(GOOG) Redirects China Traffic to Hong Kong Page.
  

CNBC:

• Poll: Health Care Reform Bill Good or Bad for US Economy?
• Poll: The End of Employer-Sponsored Health Benefits?
  

NY Times:

• I.M.F. Gives Debt Warning for the Wealthiest Nations.

Business Insider:

• 15 New Taxes The Democrats Just Foisted On The American People.
• Chart Of The Day: Are Higher Oil Prices Already Prompting Auto Usage To Roll Over?
  

zerohedge:

• Underemployment At Record 20% According to Gallup.

AppleInsider:

• Amazon(AMZN) Reveals All-New Kindle E-Book App for Apple(AAPL) iPad.

Crain's Chicago Business:

• Local Office Values to Keep Falling: Survey. Chicago-area office buildings will continue to lose value over the next year, according to a new survey, though landlords in seven other metro areas will fare worse. Investors forecast that office valuations here will decline 5.9% over the next 12 months, according to the first-quarter Korpacz Real Estate Investor Survey conducted by PricewaterhouseCoopers LLP. Of the 18 markets the survey tracks, the worst are expected to be Dallas and Charlotte, N.C., with valuations falling by more than 11% over the next year. Denver, Washington, D.C., and Los Angeles are forecast to be the strongest, with values falling less than 2%. “The winds of change have yet to fully blow through the Chicago office market as property owners continue to contend with downsizing companies and rising levels of sublease space,” the report says.

Politico:

• Mike Doyle Facilitated Critical Bart Stupak Talks. The fate of health care reform may have turned on a single relationship. When they needed to find a way to unlock the votes of a group of anti-abortion lawmakers led by Michigan Rep. Bart Stupak, Democratic leaders turned to Stupak’s roommate, Pennsylvania Rep. Mike Doyle, to facilitate the critical talks.
• Darrell Issa Probes Joe Sestak Job Offer Allegation. The top Republican on the House Oversight committee is demanding answers from the White House about whether it offered Rep. Joe Sestak (D-Pa.) a job to drop out of his state’s Senate primary. This time Rep. Darrell Issa’s (R-Calif.) target is White House Press Secretary Robert Gibbs. Issa, for the past few weeks, has been seeking information about whether the Obama administration broke the law in offering Sestak an appointed position to drop out of his battle to unseat Sen. Arlen Specter (D-Pa.) in a primary. Earlier this month Issa sent White House general counsel Robert Bauer demanding answers about any conversations. The White House did not respond.

Rasmussen Reports:

• 43% Say Cost of Prescription Drugs Will Go Up If Health Plan Becomes Law. Forty-three percent (43%) of Americans expect the cost of prescription drugs to go up if the health care plan proposed by President Obama and congressional Democrats becomes law. A new Rasmussen Reports national telephone survey finds that only 23% think the cost of prescription drugs will go down if the plan becomes law.

USA Today:

• 'It Must be Repealed' by Jim DeMint. This monstrosity ignores people’s will and violates the Constitution. There’s no fixing the government health care takeover Democrats forced through on Sunday. It must be repealed. After telling Americans in 2008 that they would lower spending, taxes and insurance premiums, Democrats passed a bill that breaks every promise. Using secret deals, kickbacks and carve-outs, Democratic leaders jammed through legislation to control more than one-sixth of the nation’s economy. The plan will explode the national debt, raise $569.2 billion in new taxes, force taxpayers to fund abortions, and impose unconstitutional mandates on every American. All of this was done in the face of overwhelming public outrage and bipartisan opposition in Congress. This process has been an insult to our democracy and threatens our nation’s prosperity and freedom.

The Globe And Mail:

• Canadians' Internet Use Exceeds TV Time. The average Canadian now spends more time on the Internet than watching television, according to a new survey from Ipsos Reid, a shift in digital habits that reflects the increasing prevalence of computers in our lives.

Bear Radar

Style Underperformer:
Large-Cap Value (+.33%)

Sector Underperformers:
Coal (-.91%), Energy (-.54%) and I-Banks (-.48%)

Stocks Falling on Unusual Volume:
ETM, CHK. XCO, MDTH, WRLD, HEAT, SPWRA, CFSG and SGA

Stocks With Unusual Put Option Activity:
1) BMC 2) WAG 3) KMB 4) ATPG 5) AEM

Bull Radar

Style Outperformer:
Small-Cap Growth (+.79%)

Sector Outperformers:
Hospitals (+2.39%), Semis (+2.0%) and Airlines (+1.68%)

Stocks Rising on Unusual Volume:
TWLL, DLTR, LRCX, ALGN, BABY, TTWO, MRK, CXG, IOC, CTEL, FUQI, MNRO, VPHM, NETL, BPT, WSM, HGT, CNC and ALV

Stocks With Unusual Call Option Activity:
1) SHW 2) UHS 3) THC 4) PHM 5) WSM