Bear Radar

Style Underperformer:

• Large-Cap Value -.7%

Sector Underperformers:

• 1) Homebuilders -2.4% 2) Banks -2.4% 3) Oil Service -1.7%

Stocks Falling on Unusual Volume: 

• KURA, MRTX, CLVS, OPB, BMY, PHG, NKTR, CSIQ, FLXN, LITE, TTGT, DERM, CGC, SKY, SJI, GTHX and CLVS

Stocks With Unusual Put Option Activity:

• 1) AMLP 2) HOG 3) EWH 4) DISCA 5) RF

Stocks With Most Negative News Mentions:

• 1) TLRY 2) CSIQ 3) ALNY 4) LCI 5)NIO

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth +.4%

Sector Outperformers:

• 1) Steel +3.0% 2) Retail +1.5% 3) Computer Hardware +1.5%

Stocks Rising on Unusual Volume:

• ARII, DVAX, PETS, PII, PX, FDP, SMLP, PLOW, GTN, CVLT, PCAR, USAK, SSP, EDU, FRPT, IGV, ZNH, TEAM, GNTX, LOGI, IQV, ANSS, MSGN and MOMO

Stocks With Unusual Call Option Activity:

• 1) HOG 2) AFL 3) ENT 4) UTX 5) HAS

Stocks With Most Positive News Mentions:

• 1) DVAX 2) AMD 3) DAL 4) CMG 5) INTC

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -1.0% Below 100-Day Average
• 9 Sectors Rising, 2 Sectors Declining
• 38.0% of Issues Advancing, 59.0% Declining
• 11 New 52-Week Highs, 177 New Lows
• 30.1% of Issues Above 200-day Moving Average
• Average 14-Day RSI 37.6%
• Vix 20.7 +4.1%
• Total Put/Call .95 -15.9%
• TRIN/Arms 1.68 +100.0%

Monday Watch

Night Trading

• Asian indices are -.25% to +1.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 88.25 unch.
• Asia Pacific Sovereign CDS Index 9.75 unch.
• Bloomberg Emerging Markets Currency Index 67.05 +.04%.
• FTSE 100 futures unch.
• S&P 500 futures +.04%.
• NASDAQ 100 futures +.25%.

Morning Preview Links

Earnings of Note

Company/Estimate
Before the Open:

• (HAL)/.49
• (HAS)/2.23
• (KMB)/1.63
• (PETS)/.50
• (PII)/1.56

After the Close:

• (BRO)/.34
• (LOGI)/.34
• (AMTD)/.88
• (ZION)/.96

Economic Releases
8:30 am EST

• The Chicago Fed National Activity Index for September is estimated to rise to .25 versus .18 in August.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The RBA's Debelle speaking in Sydney 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 50% net long heading into the week.

Weekly Outlook

• Wall St. Week Ahead by Reuters. 

• Weekly Market Outlook by Yahoo. (video)

• Stocks to Watch Next Week by Seeking Alpha.

• Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week mixed as bargain-hunting, less European/Emerging Markets/US high-yield debt angst and yen weakness offset technical selling, Fed rate-hike fears and trade war worries. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week.

Today's Headlines

Bloomberg:     

• Brexit Deadlock May Make ECB Reticence on Risks Hard to Sustain.

• Italy Cut to One Step Above Junk by Moody's in Wake of Bond Rout. 

• Poland Votes at Ground Zero of European Struggle With Populism.

• Trump Says New Tax-Cut Plan May Come Before November Vote.

• Treasury Yields Hammerlocked as Fed Optimism Meets Global Risks.  

• China Issues Draft Plan to Further Cut Household Tax Burden.

• Goldman Defends Tech Stocks, Says Many Now Look Cheap.

• China's Growth Dragged Down by Construction, Bolstered by Tech.

• Khashoggi Spent Last Years of His Life Looking Over His Shoulder.

Wall Street Journal:

• Lawmakers Push Trump on Saudi Account of Killing.

• Will Tech Leave Detroit in the Dust?

• China Finds Big-Ticket Spending Is a Road to Nowhere.

• Medicaid-Expansion Push Spurs Battle Ahead of Midterms.

• Strong Economy Draws Women Into U.S. Labor Force.

• The Minefield of Talking With Your Children About Sexting.

Barron's:

• Had bullish commentary on (CFG).

MarketWatch.com:

• The 4 luxury retail stocks best suited to fend off a slowdown in China.

• Why investors are growing increasingly anxious about China.

Fox News:

• Angry customers confront McConnell in restaurant, get shouted down by others.

CNBC:   

• GOP political apps create 'safe space' for conservatives who accuse Facebook, Twitter of bias.

• Elon Musk's extreme micromanagement has wasted time and money at Tesla, insiders say.

• Home equity has come 'roaring back' from the recession — and owners are poised to tap it.

• Trump blasts Democrats for weak border security as migrant crisis mounts on the US border.

• Democrats want to repeal Trump's tax cuts and replace them with payouts for the poor.

Zero Hedge:    

• Putin Lays Down The Law At Valdai.

• Global Anger Boils Over Saudi Response: "We Will Never Allow A Cover-Up Of Khashoggi Murder".

• LA Competes For California's Most Disgusting City As "Typhus Zone" Underscores Skid Row Squalor.

• Ned Davis Warns: High Probability Of Global Recession.

• Facebook Sells Disabled Iraq Vet $300,000 In Ads, Then Deletes His Influential Pages.

• Saudis Admit Khashoggi Killed At Consulate "In Fist-Fight", King Salman Fires Top General, Adviser.

• Charting China's Imminent Implosion.

• Car-nage: The Rate Of Change Demands Attention.

• Caravan Chaos Continues: Mexican Riot Cops Calm Migrant Violence With Tear Gas.

• Bolton Pushes Trump To Drop 1987 Treaty After Russia Unveils Advanced Nukes.

• Daily Beast: "Dear God, Hillary Clinton. Please, Just Go.".

• "All-Out War" Coming: Record Number Of Israeli Tanks Amassed On Gaza Border.

• Texas Democrats Caught Mailing Pre-Filled Voter Registrations To Non-Citizens.

• Moody's Cuts Italy's Debt Rating To One Notch Above Junk.

• Weekend Reading: Tax Cuts Saved The Economy?

• China's National Team Rescues Global Stocks As Yuan Tumbles, Gold Gains. 

Business Insider:

• Stephen Hawking warned that machines are getting smarter than ever, and dismissing it could be our worst mistake.

• Students in China are required to learn about the president's communist ideology. Here's what it's like to take a $49 online version of the course.

• DELETE YOUR ACCOUNT: How to wipe your personal information from Facebook, Amazon, Google, and other major websites and apps.