Monday, November 13, 2017

Bear Radar

Posted by Gary .....at 2:06 PM
Style Underperformer:
  • Small-Cap Value unch.
Sector Underperformers:
  • 1) Oil Service -1.7% 2) Shipping -1.5% 3) Retail -1.2%
Stocks Falling on Unusual Volume: 
  • PETQ, XNET, KBR, TTD, CALA, GE, GOLD, IMMU, INCR, DVAX, GOOS, WETF, SBH, GOLF and FPRX
Stocks With Unusual Put Option Activity:
  • 1) SEAS 2) KKR 3) APC 4) PTCT 5) DKS
Stocks With Most Negative News Mentions:
  • 1) GE 2) AFSI 3) EXAS 4) XEC 5) BHGE
Charts:
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Bull Radar

Posted by Gary .....at 1:15 PM
Style Outperformer:
  • Large-Cap Growth +.2%
Sector Outperformers:
  • 1) Utilities +1.2% 2) Networking +.8% 3) Restaurants +.7%
Stocks Rising on Unusual Volume:
  • NKTR, ASUR, XON, GDS, GGP, MAT, HAS, WUBA, JD, XONE, STAA, BRKS, KELYA, CHEF, TRIL, KMG, TSN, VSTO, EPC, OSTK, BZUN, COLL, ZAGG, IO, GCI, ROKU and QSII
Stocks With Unusual Call Option Activity:
  • 1) TJX 2) OMC 3) XON 4) PEP 5) DKS
Stocks With Most Positive News Mentions:
  • 1) JD 2) WUNA 3) CNIT 4) AES 5) SJM
Charts:
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Morning Market Internals

Posted by Gary .....at 10:51 AM
NYSE Composite Index:
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Sunday, November 12, 2017

Monday Watch

Posted by Gary .....at 10:20 PM
Today's Headlines
Bloomberg:
  • Saudi King Will Not Relinquish Throne, Senior Official Says. King Salman isn’t planning to abdicate in favor of his son, a senior Saudi official said, dismissing mounting speculation that Crown Prince Mohammed bin Salman will soon ascend to the throne. “There is no possibility whatsoever that the king will abdicate,’’ the official said in response to written questions. Saudi kings usually stay in power even when bad health prevents them from carrying out their job, the official said on condition of anonymity. He noted the example of King Fahd, who stayed on as monarch until his death in 2005 despite being gravely ill in the last few years of his reign.
  • China’s Appetite for Deals May Be About to Swell. China is poised for an acceleration of deals as confidence grows in the wake of last month’s Communist Party gathering and as the nation opens up to reforms. Deal-making activity will pick up now that the country’s 19th Party Congress is over, ending a wait-and-see period leading up to the event, said Carl Chien, JPMorgan Chase & Co. Asia Pacific vice chairman. Look for increased activity in the tourism and airline sectors, he said. “A lot of the question marks and uncertainties are behind us,” said Chien in an interview on the sidelines of the APEC summit in Vietnam. “We’ll be able to see activities happening which weren’t happening in the first half of the year.”
  • Asia Stocks Drop; Pound Slides With May Pressured. Equities in Asia fell as the week got under way, with no sign of the recent jump in volatility subsiding for now. The British pound took a hit as pressure mounts on U.K. Prime Minister Theresa May after a raft of political scandals and scant progress on Brexit talks. Stock indexes declined in Tokyo and Sydney. The dollar advanced against all its major counterparts, with the pound falling the most. The Aussie dollar slipped as fresh political turmoil in Australia risked undermining already fragile economic confidence. Australian bond yields tracked an increase in the U.S. at the end of last week. Oil held near $57 a barrel. Japan’s Topix index fell 0.5 percent as of 9:26 a.m. in Tokyo. The Nikkei 225 Stock Average slid 0.7 percent. South Korea’s Kospi index fluctuated. Australia’s S&P/ASX 200 Index fell 0.2 percent. Hang Seng Index futures dropped 0.1 percent.
Wall Street Journal:
Zero Hedge:
Night Trading
  • Asian indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 80.75 +1.25 basis points.
  • Asia Pacific Sovereign CDS Index 16.0 unch.
  • Bloomberg Emerging Markets Currency Index 72.37 -.09%.
  • S&P 500 futures +.10%.
  • NASDAQ 100 futures +.10%.

Earnings of Note
Company/Estimate
  • (JD)/.72
  • (TSN)/1.35
Economic Releases   
2:00 pm EST
  • The Monthly Budget Deficit for October is estimated at -$56.5B versus -$45.8B in September.
Upcoming Splits
  • (UFPI) 3-for-1
Other Potential Market Movers
  • The Japan Machine Orders Report, UBS Tech Conference and the (GE) investor update could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology 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.

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Weekly Outlook

Posted by Gary .....at 10:16 PM
BOTTOM LINE: I expect US stocks to finish the week modestly higher on tax reform hopes, yen weakness, earnings outlooks, buyout speculation, short-covering and economic optimism. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 100% net long heading into the week.
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Saturday, November 11, 2017

Today's Headlines

Posted by Gary .....at 7:03 PM
Bloomberg:
  • Wall Street Titans Poised to Grow in China After Frustrating Era. Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc. are finding patience pays off in China. The trio now have an advantage over some of their largest Wall Street rivals after officials in charge of the world’s No. 2 economy promised on Friday to let foreigners take majority stakes in securities firms there -- raising limits that had long frustrated U.S. and European bankers. JPMorgan Chase & Co. pulled out of a joint venture in China in 2016, and Bank of America Corp. also doesn’t have one.
  • Alibaba(BABA) Singles' Day Posts Record 168 Billion Yuan in Sales. Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza generated a record 168.2 billion yuan ($25.3 billion) in sales, as the company’s investment overseas and effort to link traditional retailers with the internet paid off. The annual frenzy posted a 39 percent increase in sales, exceeding Citigroup Inc. estimates and defying concerns of an economic slowdown. The event helped at least 82 brands top 100 million yuan in sales-- Nike Inc., Xiaomi Corp. and Uniqlo Co. coming out as some of the biggest winners.
  • Hedge Funds Pile on Bullish Oil Bets as Mideast Tension Heats Up. The Middle East is kicking things up a notch in the oil market. Hedge fund bets on rising Brent crude prices hit a fresh record as tension in the oil-rich region reached a whole new level, sending prices to their highest in more than two years. Disruptions in exporting countries such as Libya, Nigeria and Venezuela in past months hadn’t fazed investors enough to trigger strong rallies, but Saudi Arabia and Iran? That’s another story. Hedge funds raised their Brent net-long position -- the difference between bets on a price increase and wagers on a drop -- by 2.4 percent to a record 543,069 contracts in the week ended Nov. 7, according to data from ICE Futures Europe. Longs surged by 2 percent to an all-time high, while shorts tumbled 2 percent to the lowest in more than eight months.
Wall Street Journal: 
Barron's:
  • Had bullish commentary on (GM), (USO) and (SNE).
Zero Hedge:
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