Monday, January 06, 2020

Bear Radar

Style Underperformer:
  • Mid-Cap Growth -.2%
Sector Underperformers:
  • 1) Shipping -1.2% 2) Semis -1.1% 3) Road & Rail -1.0%
Stocks Falling on Unusual Volume: 
  • FIVE, UAA, AAXN, CURO, YETI, CALM and VRTU
Stocks With Unusual Put Option Activity:
  • 1) APLS 2) UAA 3) TPR 4) MGM 5) YETI
Stocks With Most Negative News Mentions:
  • 1) VRTU 2) CALM 3) AZO 4) FSLR 5) UMBF
Charts:

Bull Radar

Style Outperformer:
  • Large-Cap Growth +.1%
Sector Outperformers:
  • 1) Homebuilding +1.2% 2) Energy +.9% 3) Internet +.7%
Stocks Rising on Unusual Volume:
  • CRWD, OI, DT, JELD, BBIO, DDOG, GPS, ABMD, PUMP, WORK, BIG, ROKU, ACAD, EXAS, TVTY,  BBBY, WW, M, GNTX, TLRA, BOOT, CMC, ECC, EOG, TWST, PZZA, ZM, BCEI, FEYE, JWN, MPLX, TLRA, IRWD and WES
Stocks With Unusual Call Option Activity:
  • 1) KTOS 2) NUAN 3) RSX 4) EWW 5) APC
Stocks With Most Positive News Mentions:
  • 1) SDC 2) JWN 3) SYNA 4) PLUG 5) GOOG
Charts:

Morning Market Internals

NYSE Composite Index:

Sunday, January 05, 2020

Monday Watch

Today's Headlines
Bloomberg:
  • Yen Rises, Stock Futures Drop on Mideast Tensions. Stock futures declined and the yen and gold advanced in the wake of escalating Middle East tensions as Asian financial markets return to full strength following New Year holidays. Japan’s currency matched a three-month high in the wake of fallout from the U.S. killing of a top Iranian military commander in Iraq. Gold surged to the highest in more than six years. U.S. and Japanese equity futures slid, while Australian shares opened lower. The S&P 500 Index posted its biggest loss in a month Friday in the wake of the killing, which threatened to spur escalating violence across the Middle East. Nikkei 225 futures fell 0.2% in Singapore. Australia’s S&P/ASX 200 Index fell 0.9%. Hong Kong’s Hang Seng Index fell 0.1% earlier. S&P 500 futures fell 0.6%. The S&P 500 Index fell 0.7% Friday.
Wall Street Journal:
CNBC:
Zero Hedge:       
Night Trading
  • Asian indices are -1.0% to -.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 56.95 +3.75 basis points.
  • China Sovereign CDS 34.25 +3.5 basis points.
  • Bloomberg Emerging Markets Currency Index 66.58 -.06%.
  • FTSE 100 futures -.48%.
  • S&P 500 futures -.47%.
  • NASDAQ 100 futures -.52%.

Earnings of Note
Company/Estimate
Before the Open:
  • (CALM)/.09
  • (CMC)/.54
After the Close:
  • None of note
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report and CES 2020 could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by industrial and technology shares in the region. I expect US stocks to open modestly lower and to maintain losses into  the afternoon.  The Portfolio is 75% net long heading into the week.

Weekly Outlook

BOTTOM LINE: I expect US stocks to finish the week mixed as global growth optimism, earnings outlooks and oil gains offset rising Mideast tensions, yen strength and profit-taking. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 75% net long heading into the week.

Saturday, January 04, 2020

Today's Headlines

Bloomberg:
Wall Street Journal:
CNBC:
Barron's:
  • Had bullish commentary on (USO), (DAL), (AMZN), (SAVE), (ALK) and (LYFT).
MarketWatch.com:
Zero Hedge: