Bear Radar

Style Underperformer:

• Mid-Cap Growth (-2.57%)

Sector Underperformers:

• 1) Airlines -5.40% 2) Homebuilders -5.30% 3) Construction -5.0%

Stocks Falling on Unusual Volume:

• E, SNP, CHU, LUK, VMED, HBC, AAPL, FST, TGA, NAK, WFT, KGC, WLP, CLDA, DAKT, WPPGY, NXTM, BBBB, UFPT, MORN, SINA, SHOO, KNOL, CBRL, ZBRA, ALGT, MIDD, HSII, NTRI, KVHI, BCSI, MTSC, LNCE, KCE, KBW, PYZ, BKS, FST, KWR, PKB, NPO, UIS, GGC, EWS, GPC, CSL, WMT, LUV, GR, GLT, FRX, IL, LPX, PII, RCL, LNN, ALK, THO, ACM, SCO, UAL, USG and FTO
  

Stocks With Unusual Put Option Activity:

• 1) HUN 2) MTL 3) CCL 4) PLD 5) SVU
  

Stocks With Most Negative News Mentions:

• 1) SINA 2) SE 3) ACM 4) BKS 5) PEG

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume
  

Bull Radar

Style Outperformer:

• Large-Cap Value (-.33%)

Sector Outperformers:

• 1) Gold +1.09% 2) HMOs +.74% 3) Foods +.14%

Stocks Rising on Unusual Volume:

• CHK, HUM, SA, SLW, CEO, PZE, IMO, MENT, ZRAN, SIGA, SGI, SPRD, WPRT, NXPI, WLK, ABG, VFC and USO
  

Stocks With Unusual Call Option Activity:

• 1) DCTH 2) UCO 3) DKS 4) NTRI 5) CLX
  

Stocks With Most Positive News Mentions:

• 1) KAMN 2) HUM 3) TIS 4) GTIV 5) CHE

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume
  

Tuesday Watch

Night Trading

• Asian indices are -.75% to -2.0% on average.
• Asia Ex-Japan Investment Grade CDS Index 111.50 +6.0 basis points.
• Asia Pacific Sovereign CDS Index 119.0 +1.0 basis point.
  
• S&P 500 futures -1.07%.
• NASDAQ 100 futures -1.37%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (EXPD)/.44
• (RRD)/.47
• (VFC)/1.65
• (ODP)/-.03
• (HD)/.31
• (MHS)/.94
• (HRL)/.43
• (WMT)/1.31
• (MDT)/.83
• (M)/1.52
• (HPQ)/1.29
• (MHK)/.57
• (CHK)/.64
• (HTZ)/.07
• (NRG)/.41
• (GPC)/.70
  

Economic Releases
9:00 am EST

• The S&P/CS Composite-20 YoY for December is estimated to fall -2.4% versus a -1.59% decline in November.

10:00 am EST

• Consumer Confidence for February is estimated to rise to 65.0 versus a reading of 60.6 in January.

Upcoming Splits

• (NATI) 3-for-2
• (WLL) 2-for-1

Other Potential Market Movers

• The Fed's Kocherlakota speaking, $32 Billion 3 Month and $30
  Billion 6-Month Treasury Bills Auctions, $35 Billion 2-Year Treasury Notes Auction, Richmond Fed Manufacturing Index, (SLB) Investor Conference and the EnerCom Oil and Services Conference could also impact trading today.
  

BOTTOM LINE: Asian indices are lower, weighed down by construction and airline shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon. The Portfolio is 75% 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 lower on more Mideast unrest, rising energy prices, emerging market inflation worries, more shorting, profit-taking and US housing concerns. My intermediate-term trading indicators are giving mostly bullish signals and the Portfolio is 75% net long heading into the week.

Market Week in Review

S&P 500 1,343.01 +1.04%*



The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 1,343.01 +1.04%
  
• DJIA 12,391.25 +.96%
  
• NASDAQ 2,833.95 +.87%
  
• Russell 2000 834.82 +1.55%
  
• Wilshire 5000 14,042.90 +1.09%
  
• Russell 1000 Growth 617.77 +.99%
  
• Russell 1000 Value 681.17 +1.10%
  
• Morgan Stanley Consumer 764.35 +.47%
  
• Morgan Stanley Cyclical 1,127.73 +.50%
• Morgan Stanley Technology 724.64 +1.48%
  
• Transports 5,296.20 +1.16%
  
• Utilities 411.13 -.54%
  
• MSCI Emerging Markets 46.39 +2.70%
  
• Lyxor L/S Equity Long Bias Index 1,060.59 +.16%
  
• Lyxor L/S Equity Variable Bias Index 891.76 +.65%
  
• Lyxor L/S Equity Short Bias Index 644.95 -1.44%
  

Sentiment/Internals

• NYSE Cumulative A/D Line +121,343 +3.11%
  
• Bloomberg New Highs-Lows Index +728 +313
  
• Bloomberg Crude Oil % Bulls 43.0 +48.28%
  
• CFTC Oil Net Speculative Position +165,514 unch.
  
• CFTC Oil Total Open Interest 1,559,669 +1.50%
  
• Total Put/Call .93 +14.81%
  
• OEX Put/Call 2.33 +22.63%
  
• ISE Sentiment 114.0 -25.97%
  
• NYSE Arms 1.35 +25.0%
  
• Volatility(VIX) 16.43 +4.72%
• G7 Currency Volatility (VXY) 10.19 -6.43%
  
• Smart Money Flow Index 10,437.74 +1.48%
  
• Money Mkt Mutual Fund Assets $2.756 Trillion +.20%
  
• AAII % Bulls 46.58 -5.71%
  
• AAII % Bears 25.57 -4.98%
  

Futures Spot Prices

• CRB Index 341.78 +1.18%
  
• Crude Oil 86.11 +.94%
  
• Reformulated Gasoline 255.70 +2.90%
  
• Natural Gas 3.87 -.85%
  
• Heating Oil 272.16 +.61%
  
• Gold 1,389.10 +2.30%
  
• Bloomberg Base Metals 270.16 +.34%
  
• Copper 448.80 -1.77%
  
• US No. 1 Heavy Melt Scrap Steel 440.0 USD/Ton unch.
  
• China Hot Rolled Domestic Steel Sheet 4,870 Yuan/Ton +.04%
  
• UBS-Bloomberg Agriculture 1,722.65 -1.72%
  

Economy

• ECRI Weekly Leading Economic Index 129.50 -.54%
  
• Citi US Economic Surprise Index +72.0 +4.9 points
  
• Fed Fund Futures imply 72.9% chance of no change, 27.1% chance of 25 basis point cut on 3/15
• US Dollar Index 77.62 -1.08%
  
• Yield Curve 283.0 +4 basis points
  
• 10-Year US Treasury Yield 3.58% -5 basis points
  
• Federal Reserve's Balance Sheet $2.492 Trillion +.36%
  
• U.S. Sovereign Debt Credit Default Swap 47.18 +.19%
• California Municipal Debt Credit Default Swap 219.55 -3.06%
  
• Western Europe Sovereign Debt Credit Default Swap Index 172.33 +1.17%
• Emerging Markets Sovereign Debt CDS Index 190.47 +1.09%
• Saudi Sovereign Debt Credit Default Swap 138.28 +10.62%
• Iraqi 2028 Government Bonds 90.44 -1.99%
• 10-Year TIPS Spread 2.36% +6 basis points
  
• TED Spread 22.0 +2 basis points
  
• N. America Investment Grade Credit Default Swap Index 79.52 -2.04%
  
• Euro Financial Sector Credit Default Swap Index 129.35 -1.04%
  
• Emerging Markets Credit Default Swap Index 218.15 -1.18%
  
• CMBS Super Senior AAA 10-Year Treasury Spread 183.0 -9 basis points
  
• M1 Money Supply $1.861 Trillion -1.84%
  
• Business Loans 616.10 +.03%
  
• 4-Week Moving Average of Jobless Claims 417,800 +.40%
  
• Continuing Claims Unemployment Rate 3.1% unch.
  
• Average 30-Year Mortgage Rate 5.0% -5 basis points
  
• Weekly Mortgage Applications 420.40 -9.53%
  
• ABC Consumer Confidence -43 +3 points
  
• Weekly Retail Sales +2.4% -30 basis points
  
• Nationwide Gas $3.16/gallon +.03/gallon
  
• U.S. Heating Demand Next 7 Days 5.0% below normal
• Baltic Dry Index 1,292 +13.73%
  
• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 42.50 unch.
  
• Rail Freight Carloads 228,035 +15.02%
  

Best Performing Style

• Small-Cap Value +1.58%

Worst Performing Style

• Mid-Cap Growth +.90%

Leading Sectors

• Oil Service +5.89%
• Education +5.02%
  
• Gold +4.71%
• Energy +3.40%
• HMOs +3.29%

Lagging Sectors

• Paper -.60%
• Banks -.65%
• Agriculture -1.09%
  
• Computer Hardware -1.65%
• Disk Drives -4.28%

Weekly High-Volume Stock Gainers

• BODY, WTW, REV, SATS, CATM, LZB, AAWW, DK, NSIT, EFC, WCG, DGIT, PRO, TDSC, SKH, PRAA, ZIGO, RBCN, ECPG, WMB, TBL, FWRD, AAN, PNRA, ADC, EHTH, GGC, IPGP, FDO, DELL, DBD, JDSU, NTRI, CFX, HLS, SF, GEOI, SCOR, HYC and GNRC
  

Weekly High-Volume Stock Losers

• EMS, ENOC, SPB, FXCM, EXPE, RLOC, CPLA, LPSN, MDC, OMX, VSAT, SAPE, CGNX, ITRI, ROVI, CIT, ECL, ABG, MAS and SYNT
  

Weekly Charts
ETFs

• High-Volume Gainers
• High-Volume Losers

Stocks

• High-Volume Gainers
• High-Volume Losers
  

*5-Day Change