Monday, December 11, 2017

Bear Radar

Posted by Gary .....at 1:48 PM
Style Underperformer:
  • Mid-Cap Growth -.1%
Sector Underperformers:
  • 1) Foods -.5% 2) Education -.5% 3) Homebuilders -.5%
Stocks Falling on Unusual Volume: 
  • ONCE, ATNX, JUNO and SGEN
Stocks With Unusual Put Option Activity:
  • 1) BX 2) STZ 3) GME 4) URBN 5) K
Stocks With Most Negative News Mentions:
  • 1) VMI 2) DNR 3) KMB 4) UPS 5) FLS
Charts:
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Bull Radar

Posted by Gary .....at 1:25 PM
Style Outperformer:
  • Large-Cap Growth +.4%
Sector Outperformers:
  • 1) Social Media +1.9% 2) Telecom +1.5% 3) Oil Service +1.3%
Stocks Rising on Unusual Volume:
  • ARGX, BLUE, BPMC, RIOT, HYGS, CSIQ, XENT, NSH, EGOV, DQ, BMRN, IMKTA, ECH, VRX, IYZ, MMLP, NTG, DGII, NEWR, TGP, VECO, OSTK, GLPG, ASML, CTL, PRO, TLRD, CVRR and NSH
Stocks With Unusual Call Option Activity:
  • 1) SBGI 2) LLY 3) STZ 4) STLD 5) GBT
Stocks With Most Positive News Mentions:
  • 1) BLUE 2) BPMC 3) SPWR 4) BMRN 5) LITE
Charts:
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Morning Market Internals

Posted by Gary .....at 12:00 PM
NYSE Composite Index:
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Sunday, December 10, 2017

Monday Watch

Posted by Gary .....at 9:54 PM
Today's Headlines
Bloomberg:
  • China Audit Finds Provinces Faked Data and Borrowed Illegally. China found some local governments inflated revenue levels and raised debt illegally in a nationwide audit, a setback for Beijing in its bid to boost the credibility of economic data after a run of scandals. Ten cities, counties or districts in the Yunnan, Hunan and Jilin provinces, as well as the southwestern city of Chongqing, inflated fiscal revenues by 1.55 billion yuan ($234 million), the National Audit Office said in a statement on its website dated Dec. 8.
  • Stocks in Asia Nudge Higher on Economy Optimism. Stocks in Asia made modest gains at the open after U.S. labor market figures lifted optimism in global growth, though trading promises to remain subdued as traders wind down going into the holiday season. Equity benchmarks advanced in Tokyo, closing on this year’s highs, and Seoul, while futures on Hong Kong markets signaled a firmer start. Data showed hiring increased by more than forecast in November and the unemployment rate held at a 17-year low paved the way for another U.S. interest-rate increase this week. The S&P 500 Index and Dow Jones Industrial Average closed at all-time highs on Friday in light volume. The dollar held on to last week’s gains as President Donald Trump prepares to give a closing argument for the proposed tax reform on Wednesday. Bitcoin futures began trading in Chicago, while the spot price gyrated. The Topix index added 0.2 percent as of 9:18 a.m. in Tokyo. The Nikkei 225 Stock Average gained 0.2 percent. Australia’s S&P/ASX 200 Index fluctuated. South Korea’s Kospi index rose less than 0.1 percent.
Wall Street Journal: 
Night Trading
  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 72.5 -.25 basis point.
  • Asia Pacific Sovereign CDS Index 14.25 unch.
  • Bloomberg Emerging Markets Currency Index 73.03 +.04%.
  • S&P 500 futures +.05%.
  • NASDAQ 100 futures +.16%.

Earnings of Note
Company/Estimate
  • (CASY)/1.40
  • (NX)/.29
Economic Releases   
10:00 am EST
  • JOLTS Job Openings for October.
Upcoming Splits
  • (NSP) 2-for-1
Other Potential Market Movers
  • The Japan CPI report, $24B 3Y T-Note auction, $20B 10Y T-Note auction and the HSBC Real Estate Conference 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 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 9:00 PM
BOTTOM LINE: I expect US stocks to finish the week modestly higher on tax reform hopes, yen weakness, seasonal strength, 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, December 09, 2017

Today's Headlines

Posted by Gary .....at 7:03 PM
Bloomberg:
  • China Factory Inflation Eases as Consumer Prices Remain Subdued. The producer price index rose 5.8 percent in November from a year earlier, matching the projection in a Bloomberg survey and slowing from 6.9 percent in October. The consumer price index climbed 1.7 percent, the National Bureau of Statistics said on Saturday, less than the median forecast of 1.8 percent.
  • It Could Be a Perfect Year for the Stock Market. Bouncing technology shares are putting a perfect year back within reach of the U.S. stock market. While short of a recovery, the advance in the market’s biggest industry has helped the S&P 500 Index rebound from four days of losses at the start of the month. The FANG group of Facebook Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. gained 1.4 percent over five days, retracing two-fifths of the worst weekly loss in five months.
  • Bitcoin `Looks Remarkably Like A Bubble,’ New Zealand's Central Banker Warns. Bitcoin’s spectacular gains look like a speculative bubble and the cryptocurrency is too unstable to be useful in the future, New Zealand’s central banker said. “It looks remarkably like a bubble forming to me,” Reserve Bank of New Zealand Acting Governor Grant Spencer said in interview with TVNZ broadcast on Sunday. “Over the centuries we’ve seen bubbles, and this appears to be a bit of a classic case. With a bubble, you never know how far it’s going to go before it comes down.”
Wall Street Journal: 
Zero Hedge:
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