Bull Radar

Style Outperformer:

• Mid-Cap Value +.62%

Sector Outperformers:

• 1) Coal +2.23% 2) Oil Tankers +1.85% 3) HMOs +1.30%
  

Stocks Rising on Unusual Volume:

• SZYM, CFNL, MET, LNC, INVN, AMBA, NAV, P, TPX, FSYS, GPRE, HRB, SFD, CLDX, PKT, COO, ANN, UAL, SDT, DWRE, SF and BSFT

Stocks With Unusual Call Option Activity:

• 1) BMC 2) STI 3) FL 4) AMTD 5) ANN
  

Stocks With Most Positive News Mentions:

• 1) ZMH 2) TXN 3) DF 4) T 5) MCD

Charts:

• ETFs Rising on Unusual Volume 

• Stocks Rising on Unusual Volume

Friday Watch

Evening Headlines 
Bloomberg: 

• Italian Banks’ Bad Loans Seen Rising as Gridlock Hampers Growth. UniCredit SpA (UCG) and Intesa Sanpaolo SpA (ISP), Italy’s biggest banks, may struggle to boost profit as political gridlock threatens to increase borrowing costs, worsen an economic contraction and drive up bad loans. The Italian benchmark 10-year bond yield climbed as much as 0.44 percentage point and an index of the country’s financial shares dropped as much as 11 percent after last week’s general election left Italy’s largest political parties groping to form a government amid a four-way parliamentary split. The disarray may impede economic growth as the longest recession in 20 years and tougher rules from regulators, including the Bank of Italy, are already forcing banks to set aside more money against doubtful loans, said Jacopo Ceccatelli, a partner at JC & Associati SIM, a Milan-based financial advisory firm. “Given the worsening of the economic environment and the pressure from the Bank of Italy to raise bad-loan coverage, I expect Italian banks’ profitability and capital generation to continue to deteriorate,” Ceccatelli said. “The political uncertainty may add further pressure on banks as the increasing spreads affect the lenders’ funding costs and the value of their sovereign-debt holdings.”
• Austrian Banks Rated Negative by Moody’s on Bad-Debt Charges. Austrian banks’ creditworthiness is still deteriorating because the cost of rising bad debt in eastern Europe is slowing their efforts to raise capital buffers, Moody’s Investors Service said. “Underpinning our negative outlook for the banking system are the limited capital buffers to absorb potential losses in a stressed economic environment,” Moody’s analysts Swen Metzler and Carola Schuler wrote. “Our stress test shows that most Austrian banks have limited resources to cope with substantial potential losses on their high exposures to central and eastern European regions as well as to domestic corporate borrowers.”
• China’s Exports Top Estimates While Imports Miss Forecasts. Overseas shipments increased 21.8 percent from a year earlier, the customs administration said on its website today, in a month that had four fewer working days than last year. The number compares with the 8.1 percent median estimate in a Bloomberg News survey. Imports fell a more-than-estimated 15.2 percent, leaving a trade surplus of $15.25 billion. There are also “some discrepancies” between China’s reporting of exports to Hong Kong and Hong Kong’s reporting of imports from China, Chang Jian, an economist at Barclays Plc in Hong Kong, said in a Bloomberg Television interview.
• Maersk Sees Tanker Slump Persisting Amid Biggest Glut Since 1996. The biggest glut since 1996 in the supply of the largest oil tankers means owners will have to wait three more years for rates to recover, according to A.P. Moeller-Maersk A/S. The global fleet of very large crude carriers expanded 28 percent over the last four years, Hanne Sorensen, chief executive officer of Maersk Tankers, said in response to e- mailed questions yesterday. The fleet is currently oversupplied by about 70 ships and as many as 50 more VLCCs will be delivered this year, Sorensen said. The expansion followed a surge in shipbuilding that began in 2007 and 2008, when daily returns rose as high as $229,000, according to data from Clarkson Plc, the world’s biggest shipbroker. Daily earnings for supertankers plunged 71 percent to $8,705 in the past 12 months, Clarkson data show, amid the longest series of OPEC production cuts in four years. Frontline Ltd., the VLCC operator led by billionaire John Fredriksen, said Feb. 22 it needs daily returns of $24,200 to break even. “We have to go back to 1996 to find a situation as challenged as the one we have today,” Sorensen said. “A recovery must be supply-driven, and that is not likely in the coming three years.
• China Copper Imports Slump to 20-Month Low. Copper imports by China tumbled to the lowest level in 20 months as a week-long holiday slowed customs procedures amid high local inventories. Stockpiles tallied by the Shanghai Futures Exchange climbed to 226,201 tons last week, the highest since March of last year. Inventories at bonded warehouses were as high as 900,000 tons, said Zhong Min, vice general manager of Jinrui Futures Co., a unit of Jiangxi Copper Co., on March 6.
• Rebar Trades Near Lowest Level in Two Months as Output Increases. Steel reinforcement-bar futures in Shanghai traded near the lowest level in more than two months as steel mills increased output and spot market price dropped. Rebar for delivery in October on the Shanghai Futures Exchange fell as much as 1.1 percent to 3,890 yuan ($625) a metric ton, before trading at 3,927 yuan at 11 a.m. local time. The most-active contract on March 4 closed at 3,905 yuan, the lowest level since Dec. 27. China’s daily crude steel output in late-February was estimated to have risen by 1.4 percent from the middle of the month to 2.03 million tons, according to industry consultancy Custeel.com. The average spot price for rebar fell for the fourth session yesterday to 3,764 yuan a ton, according to data from Beijing Antaike Information Development Co.
• Molybdenum to Drop as China Curbs Weaken Steel: Chart of the Day. Molybdenum, the steel-hardening ingredient that's plunged by two-thirds since September 2008 even as most non-ferrous metals gained, is poised to fall further after China cracked down on some property sales. "China's restrictions on speculative investment has had an immediate impact to reduce transactions in steel and therefore molybdenum," said Wang Min, an analyst at Beijing Antaike Information Development Co.
• Roach Says BOJ, Fed Currency Weakening Won’t End in ‘Pretty Way’. (video) “Whether it’s the Bank of Japan (8301), the Federal Reserve or even the ECB, the idea that they can engineer economic recovery by quantitative easing that may lead to weaker currencies ultimately is not a story that will end in a pretty way. Currency devaluation as a recipe for economic growth always comes at a cost of taking market share from someone else.” “China is understandably concerned about that, as has been Brazil, as has been most major developing economies that rely on exports as a source of economic growth.” “The developed economies say, well we’re not trying to depreciate our currencies, but they know this is going to happen.” “This is one of the unintended and potentially dangerous consequences of the financial engineering of quantitative easing.”
• Raped Egypt Women Wish Death Over Life as Crimes Ignored. The back seat of Joanna Joseph’s Hyundai is still stained with the young woman’s blood. Joseph, a volunteer with Operation Anti-Sexual Harassment, helped rescue the 19-year-old from Cairo’s Tahrir Square on Jan. 25 as Egyptians marked the second anniversary of the uprising that toppled Hosni Mubarak. Walking through the square on her way home from work, the victim was accosted by a gang that raped her with a knife, according to the doctor who operated on her and witnesses of the attack. It was one of 29 assaults documented that day in Tahrir, which has been plagued by sexual violence since it became the center of political protests. 
• China Investor Said in Talks for Stake in NYC GM(GM) Building. A Chinese investor is in talks to buy a 40 percent stake in Manhattan’s General Motors Building, a 50-story tower near the southeast corner of Central Park. The prospective buyer is the family of Zhang Xin, chief executive officer of office landlord Soho China Ltd. (410), according to a person with knowledge of the negotiations who asked not to be named because the talks are private. The sellers are a Goldman Sachs Group Inc. (GS) fund that invests on behalf of the sovereign wealth funds of Kuwait and Qatar, and Meraas Capital LLC, a Dubai-based private-equity firm, the person said. If completed, the deal would value the tower at about $3.4 billion, according to the Wall Street Journal, which reported the talks earlier today.
• Citigroup(C) Seeks $1.2B of Buybacks After 2012 Rejection. Citigroup Inc. (C), the third-biggest U.S. bank, asked the Federal Reserve for permission to repurchase $1.2 billion of shares without seeking a dividend (C) increase a year after its previous request was rejected.
• UN Votes for Sanctions on North Korea Despite Threats. The UN Security Council unanimously approved tougher sanctions on North Korea for a forbidden nuclear test, hours after the totalitarian state threatened a preemptive atomic strike on the U.S. and other “aggressors.” The United Nations body yesterday voted 15-0, with no debate, to adopt a resolution drafted by the U.S. and China in the aftermath of the Feb. 12 underground blast. North Korea responded by nullifying the 1953 armistice that ended the Korean War and canceling a hotline with the U.S. and South Korea.

Wall Street Journal: 

• Firms Send Record Cash Back to Investors. U.S. companies are showering investors with a record windfall in the form of dividends and share buybacks, helping to propel the stock market's rally. Companies in the S&P 500 index are expected to pay at least $300 billion in dividends in 2013, according to S&P Dow Jones Indices, which would top last year's $282 billion. 
• Republicans Point to Falling Oil Production on Federal Lands. The nomination of REI Chief Executive Sally Jewell to lead the Interior Department is drawing attention to declining rates of oil and natural gas production on federal lands - a trend Republicans say undermines President Barack Obama's pledge to support all forms of energy production and use. Statistics from the Congressional Research Service released this week show oil production on federal lands and waters dropped 18% between fiscal year 2010 and fiscal year 2012, which ended Sept. 30, 2012. The report shows natural gas production dropped 28% over the same period.
• Strassel: Jumping the Sequester. When the president canceled White House tours, he revealed his claims as ludicrous.

Fox News: 

• Cost of Entitlements: To cover $35T promise, future generations face steep tax hikes. Babies who can't even count yet have a nasty surprise coming once they start working and paying taxes. If no changes are made in entitlements such as Medicare, younger taxpayers will have to cover unfunded promises of $35 trillion. That means future generations, unless lawmakers can break the gridlock and agree to entitlement reform soon, will see massive tax hikes, massive benefit cuts -- or both. Sacrifice will be required either way, but analysts say the pain is greater the longer lawmakers wait. 
• US postpones award for Egyptian woman after anti-Semitic tweets surface. The Obama administration pulled back on plans to give an award to an Egyptian activist after anti-American and anti-Semitic messages were discovered on her Twitter account. Samira Ibrahim, an Egyptian activist who rallied worldwide attention against forced "virginity tests" on female protesters, was supposed to be honored Friday along with nine others by first lady Michelle Obama and Secretary of State John Kerry. The State Department, though, announced that it would postpone the International Women of Courage award while officials investigate the tweets. Ibrahim is now headed back home. "We, as a department, became aware very late in the process about Samira Ibrahim's alleged public comments," State Department spokeswoman Victoria Nuland told reporters. 

MarketWatch.com:

• China central-bank chief warns on money supply. The high ratio of money supply to gross domestic product in China means risks are excessively concentrated in the banking sector, according to a top official. This demonstrates the need for financial reform, People's Bank of China Gov. Zhou Xiaochuan was quoted as saying in the China Business News on Friday.
• China's Middle Class in No Mood to Spend. (video)

CNBC: 

• Goldman Sachs(GS) and Morgan Stanley(MS) Near Bottom of Stress Tests.
• Chinese Parliament Holds 83 Billionaires. The legislature of the world's last major communist country is almost certainly the wealthiest in the world, according to a popular rich list that names 83 dollar billionaires among the delegates to China's parliament this year.

Zero Hedge: 

• Federal Government Injects Near Record Amount In Student Loans In January As Consumer Credit Rises.
• Icahn Adds Another Two Million HLF(HLF) Shares, Now Owns 15.5% Of Company.
• Who Is Absent (For Now) From The Record High Party? (graph)
• "The Entire West Is In The Yo-Year Years".
• How Many Billions Of Drug-Laundered Money Does It Take To Shut Down A Bank?

Business Insider: 

• The Dollar Is Undergoing A Major Change In Behavior, And Almost No One Has Noticed.
• Dozens Of World Leaders Are Expected To Pay Their Respects At Hugo Chavez's Funeral.

CNN:

• Ford(F) CEO Mulally's $317 million haul. Mulally now has about 7.3 million shares worth more than $93.5 million, at the recent share price. He has 17.1 million in-the-money stock options. That translates to stock worth another $220.2 million, though he'll have to pay $107.3 million to exercise those options. And Mulally has a separate retirement account with $3 million in company contributions. That brings his Ford holdings to $317 million.

Reuters:

• States probing top U.S. banks over debt collection. The largest U.S. banks face a multi-state investigation into whether they helped debt collectors pursue faulty judgments against credit card customers, according to people familiar with the matter. At issue is whether weak record-keeping by banks or a failure to pass accurate information to collection agencies harmed consumers. The allegations against the banks echo those central to last year's $25 billion federal-state mortgage settlement to resolve charges that the banks "robo-signed" documents and pursued foreclosures with faulty information. This latest probe targets the same banks, including Bank of America (BAC.N), JPMorgan Chase (JPM.N), Citigroup (C.N) and Wells Fargo (WFC.N), said the sources who spoke on condition of anonymity because the investigations are continuing.
• US-based stock funds take in $5.7 bln latest week-Lipper. 
• Texas Instruments(TXN) raises its earnings, revenue target. Texas Instruments raised its targets for first-quarter earnings and revenue to the upper end of its previous forecast ranges, due to improving demand for its chips in an industry that has been hit for several quarters by a weak global economy.
• Fed's Fisher: tapering Fed's bond buys could help housing. Slowing the Federal Reserve's current pace of monthly asset purchases could paradoxically help the U.S. housing market, a top Fed official said on Thursday.

Telegraph:

• Fed 'stress test': banks would lose $460bn if crisis struck again. America's biggest banks would face losses of almost half a trillion dollars should a deep financial crisis and recession hit the US again, regulators said. 
• Euro Group head says UK at risk of 'sterling crisis'. The pound’s recent slide could be the start of “a new sterling crisis” sparked by concerns about the state of the public finances, according to the Euro Group’s new president. 

Nikkei:

• Japan to End Uptick Rule on Short-Selling. The change will increase market liquidity, according to the report. The current rule allows short sales only on an uptick.

China Securities Journal:

• People's Bank of China will allow branches to raise the down payment and interest rate on second homes according to local government's property control targets and policy requirements, citing a document from the central bank. Some cities with property prices rising "overly fast" may have second home down payment raised to 70% and interest rate increased to 1.3 times, the report said.
• PBOC's Pan Says 3.5% CPI Target Has Challenges. China's consumer prices currently face pressures from imported inflation and carry over effects, citing People's Bank of China Deputy Governor Pan Gongsheng. Price adjustments of resource products will also put upward pressure on CPI, Pan said.

Evening Recommendations 
Piper Jaffray:

• Rated (TIVO) Overweight, target $16.

BMO Capital:

• Rated (ZTS) Underperform, target $28.

Night Trading

• Asian equity indices are -.25% to +1.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 103.0 -.5 basis point.

• Asia Pacific Sovereign CDS Index 80.50 -1.0 basis point.

• FTSE-100 futures +.07%.

• S&P 500 futures +.01%.

• NASDAQ 100 futures +.04%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (ANN)/.01
• (FL)/.72
• (GCO)/2.12

Economic Releases
8:30 am EST

• The Change in Non-Farm Payrolls for February is estimated to rise to 165K versus 157K in January.
• The Unemployment Rate for February is estimated at 7.9% versus 7.9% in January.
• Average Hourly Earnings for for February are estimated to rise +.2% versus a +.2% gain in January.

10:00 am EST

• Wholesale Inventories for January are estimated to rise +.3% versus a -.1% decline in December.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The USDA crop report could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

Stocks Higher into Final Hour on Less Eurozone Debt Angst, Diminishing Global Growth Fears, Short-Covering, Financial/Tech Sector Strength

Today's Market Take:

Broad Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• VIX 13.06 -3.47%
  

• ISE Sentiment Index 138.0 -12.66%

• Total Put/Call .81 +15.71%

• NYSE Arms .81 +29.43%

Credit Investor Angst:

• North American Investment Grade CDS Index 82.51 -1.43%

• European Financial Sector CDS Index 142.80 -4.15%

• Western Europe Sovereign Debt CDS Index 99.83 +.85%

• Emerging Market CDS Index 239.53 -.30%

• 2-Year Swap Spread 14.25 +.75 bp

• TED Spread 18.5 +.25 bp

• 3-Month EUR/USD Cross-Currency Basis Swap -16.25 +2.5 bps

Economic Gauges:

• 3-Month T-Bill Yield .10% unch.

• Yield Curve 174.0 +5 bps

• China Import Iron Ore Spot $146.30/Metric Tonne +.34%

• Citi US Economic Surprise Index 5.1 -1.9 points

• 10-Year TIPS Spread 2.58 +1 bp

Overseas Futures:

• Nikkei Futures: Indicating +182 open in Japan

• DAX Futures: Indicating +5 open in Germany

Portfolio: 

• Slightly Higher: On gains in my retail/tech sector longs
• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
• Market Exposure: Moved to 75% Net Long

Today's Headlines

Bloomberg:

• Draghi Keeps Gradual Recovery Faith as ECB Cuts Forecasts. European Central Bank President Mario Draghi stuck to his view that the euro region will gradually recover later this year even as officials trimmed their economic forecasts and considered cutting interest rates. “Later in 2013 economic activity should gradually recover, supported by a strengthening global backdrop and our accommodative monetary policy stance,” Draghi told a press conference in Frankfurt after the ECB left its benchmark interest rate at 0.75 percent, a record low. While officials discussed cutting borrowing costs today, the “prevailing consensus was to leave the rates unchanged,” Draghi said.
• Bersani Clings to Premiership Goal as Allies Predict Failure. Pier Luigi Bersani will probably fail to win the consensus needed to form a government in Italy, some allies said yesterday after giving the Democratic Party head a mandate to negotiate parliamentary backing with rivals. Bersani revamped his program to entice Beppe Grillo’s Five Star Movement into an alliance with the Democratic Party, or PD. He repudiated his previous commitment to budget rigor and added policy proposals reminiscent of Five Star’s. Still, success depends on smoothing over differences with Grillo, who called Bersani a “dead man talking” after the PD failed to win a parliamentary majority in Feb. 24-25 elections. 
• Berlusconi Is Convicted in Wiretapping Trial. Former Italian Prime Minister Silvio Berlusconi was convicted in a wiretapping case related to the 2006 battle for control of Banca Nazionale del Lavoro SpA, the first of three corruption rulings he faces this month.
• German Factory Orders Fall as Euro Crisis Curbs Demand. German factory orders unexpectedly fell in January as the sovereign debt crisis curbed demand in the euro area. Orders, adjusted for seasonal swings and inflation, declined 1.9 percent from December, when they rose a revised 1.1 percent, the Economy Ministry in Berlin said today. Economists forecast a 0.6 percent gain, according to the median of 41 estimates in a Bloomberg News survey. In the year, workday- adjusted orders dropped 2.5 percent. 
• China Inflation Over 3.5% May Prompt Rate Rise: NDRC Chen. China may need to raise interest rates should gains in the consumer-price index stay at more than 3.5 percent for three months, a senior researcher affiliated with the country’s top planning agency said. “In theory, if CPI remains above 3.5 percent for three months, there should be an interest-rate movement,” Chen Dongqi, the deputy head of the National Development and Reform Commission’s macroeconomic research institute, said in an interview yesterday after a speech at Tsinghua University in Beijing.
• Academic Use of CFTC’s Private Derivatives Data Investigated. The top U.S. derivatives regulator has suspended a program of visiting academic researchers over concerns about the handling of confidential trading data. The Commodity Futures Trading Commission said in a statement yesterday that it began an internal management review and asked the agency’s inspector general to investigate its oversight of data used to research issues including high- frequency trading. The commission’s concerns were initially triggered by an outside person who raised questions about academic research that referenced CFTC data, according to the statement. “The management review, which is ongoing, has preliminarily discovered issues regarding the manner in which academic consultants and contractors were brought into the agency, their status with respect to the agency, their access to CFTC systems and information, and the adequacy of related documentation,” the CFTC said. “To date, we have not confirmed any specific incidents of improper or unauthorized data disclosure.”
• Fed's Balance Sheet Has Nothing on These Banks.(video) 
• U.S. Will Be 99% Energy Independent by 2030: BP CEO. (video)

Wall Street Journal: 

• U.S. Household Wealth at Highest Level Since Late '07. The net worth of U.S. families rose by $1.17 trillion at the end of 2012 to the highest level since late 2007, as rising home values and gains in stock holdings boosted household balance sheets. U.S. households' net worth—the value of homes, stocks and other investments minus debts and other liabilities—rose 1.8% to $66.07 trillion from October through December, the highest level since the fourth quarter of 2007, according to a Federal Reserve report released Thursday.
• Bad-News Bears Crash the Party. The Dow Jones Industrial Average has hit an all-time high. The Standard & Poor's 500-stock index is close behind. Stock prices remain reasonably priced based on many measures, individual investors are shifting back to stocks and corporate profits have been strong. So what are a group of hedge funds and other investors doing? Selling.

CNBC:

• China's 'Ghost Cities' Warn of Property Bubble: Chanos. (video)
• The Fed's Great Stress Test Show. Later Thursday, we're going to get the first round of results from the Federal Reserve's stress tests, which will show broadly how the Fed thinks the banking sector would look under crisis situations.Critics will complain that this is all just for show. But this complaint largely misses the mark. In large part, the stress tests are a show. And that's part of the point.
• In News Feed Revamp, Facebook(FB) Creates 'Personalized Newspaper'.

Zero Hedge: 

• Okun Shrugs With Productivity Plunging, Labor Costs Surging, And Claims Improving. (graphs)
• Chart Of The Day: Plunging Gasoline Demand vs The "Soaring" Recovery And Record Dow Jones. (graph)
• Former Head Of Plunge Protection Team Lands At DE Shaw. 
• The ECB's Press Corps Realize They Have No Idea What OMT Is: "The Rules Are What They Are" Explains Draghi. (video) 
• Cross-Border Flows Drive European Dis-Integration. (graph)

Business Insider: 

• Attorney General Sends Brief And Snarky Letter To Rand Paul. 
• GASPARINO: Mysterious Dark Pools Are Seeing More Trading Action Than The NYSE For The First Time Ever. 
• How Google(GOOG) Glass Will Revolutionize 9 Industries. 

NYPost:

• Pink slips are high fashion at JCPenney(JCP). The flailing retailer — whose CEO, Ron Johnson, is now fighting for his own job — has fired 1,500 store-level department managers and merchandising positions across its chain, The Post has learned.

Reuters: 

• North Korea threatens nuclear strike, U.N. expands sanctions. North Korea threatened the United States on Thursday with a preemptive nuclear strike, raising the level of rhetoric just before the U.N. Security Council approved new sanctions against the reclusive country. The White House said North Korea's threats would only lead to Pyongyang's further international isolation and declared that the United States was "fully capable" of defending against any North Korean missile attack.
• TABLE-US Feb ICSC retail sales up 1.7 pct vs year ago.

Telegraph:

• Accounting change could cost banks billions. Banks could be hit with billions of pounds in new losses under changes to the way they are required to account for assets, in a move intended to make the financial system less prone to a crisis.

People's Daily:

• New policies announced by the government may cause "panic selling" and lead to a subsequent drop in existing home sales, citing Qin Hong, director of policy research at the Ministry of Housing and Urban-Rural Development.

Bear Radar

Style Underperformer:

• Large-Cap Growth -.10%

Sector Underperformers:

• 1) Road & Rail -1.55% 2) Gold & Silver -.96% 3) Computer Hardware -.77%
  

Stocks Falling on Unusual Volume:

• BKU, HFC, VLO, ENOC, NSANY, FMX, KAR, KYN, NX, PETM, SCTY, YY, MDP, MYRG, AVAV, SHG, ROST, FLT, MEOH, DWRE, DLLR, PIR, SN, FIS, WDAY, SRPT, NSM, MCY, FRED, CPRT, ZUMZ, ROST and BLT

Stocks With Unusual Put Option Activity:

• 1) PETM 2) CIEN 3) NAV 4) HON 5) DOW
  

Stocks With Most Negative News Mentions:

• 1) F 2) TSCO 3) PETM 4) PSA 5) DVA
  

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +.36%

Sector Outperformers:

• 1) Networking +2.20% 2) Steel +1.03% 3) Banks +.94%
  

Stocks Rising on Unusual Volume:

• UPL, PBR, IRE, NAV, CPL, CIG, HOTT, DISCK, CIEN, SFD, ANGI, LVLT, SMTC, CPL, ROVI, GPS, JDSU, SDT, FNSR, UPL, PRIM and MDVN

Stocks With Unusual Call Option Activity:

• 1) ASTX 2) CIEN 3) KEY 4) NAV 5) SYMC
  

Stocks With Most Positive News Mentions:

• 1) CL 2) COST 3) LTD 4) T 5) KR

Charts:

• ETFs Rising on Unusual Volume 

• Stocks Rising on Unusual Volume