Bear Radar

Style Underperformer:

• Mid-Cap Growth -.3%

Sector Underperformers:

• 1) I-Banks -1.2% 2) Semis -.7% 3) Defense -.5%

Stocks Falling on Unusual Volume: 

• PTI, SEP, CTRP, CMI, HES, LULU, PCMI, IPHI, TNC, MTX, CNC, YY, SCOR, MON, TV, COTY, FCFS, RYAM, MSCI, ASPS, YIN, PRXL, FNBC and CRTO

Stocks With Unusual Put Option Activity:

• 1) CMI 2) WYN 3) HOG 4) HPE 5) MON

Stocks With Most Negative News Mentions:

• 1) SCOR 2) CNC 3) PRXL 4) PRAH 5) VWR

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Growth +.1%

Sector Outperformers:

• 1) Gold & Silver +4.7% 2) Social Media +2.2% 3) Utilities +1.1%

Stocks Rising on Unusual Volume:

• CPHD, ENB, NAV, DVAX, SE, BKS, BIDU, TTM, ACIA, EOG, SSYS, SAGE, BKS, OTIC and EOG

Stocks With Unusual Call Option Activity:

• 1) AVP 2) SE 3) TLRD 4) DVAX 5) PAGP

Stocks With Most Positive News Mentions:

• 1) HP 2) GT 3) MEET 4) INVA 5) MCD

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -4.6% Below 100-Day Average
• 5 Sectors Rising, 5 Sectors Declining
• 51.4% of Issues Advancing, 45.7% Declining
• 194 New 52-Week Highs, 6 New Lows
• 53.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 36.3%
• Vix 12.5 +4.4%
• Total Put/Call .82 -13.7%
• TRIN/Arms .74 +.4%

Tuesday Watch

Night Trading

• Asian indices are -.25% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 111.25 -2.25 basis points.
• Asia Pacific Sovereign CDS Index 37.5 -1.0 basis point.
• Bloomberg Emerging Markets Currency Index 72.56 +.03%.
• S&P 500 futures -.01%.
• NASDAQ 100 futures -.08%.

Morning Preview Links

Earnings of Note

Company/Estimate

• (MRVL)/.11
• (CASY)/1.81
• (PLAY)/.44 

Economic Releases

10:00 am EST

• Labor Market Conditions Index for August.
• ISM Non-Manufacturing Composite for August is estimated to fall to 55.0 versus 55.5 in July.
• The IBD/TIPP Economic Optimism Index for September is estimated to fall to 48.1 versus 48.4 in August. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Williams speaking, RBA rate decision, Australia GDP report, weekly US retail sales report and Citi Tech Conference could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the week.

Weekly Outlook

• Week Ahead by Bloomberg.
• Wall St. Week Ahead by Reuters.
• Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week modestly lower on yen strength, global growth worries, commodity weakness, technical selling, rising European/Emerging Markets/US High-Yield debt angst and Fed rate-hike fears. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week.

Market Week in Review

• S&P 500 2,179.98 +.50%

The Weekly Wrap by Briefing.com.

*5-Day Change