Bull Radar

 Style Outperformer:

• Small-Cap Growth +.5%

Sector Outperformers:

• 1) Alt Energy +3.2% 2) Steel +2.6% 3) Oil Service +1.8%

Stocks Rising on Unusual Volume:

• PTGX, OCUL, SOFI, SPWR, RDUS, AZPN, AMTX, CCXI, PCRX, FSLR, ALLO, NFE, LEGN, HAL, AGR, CWEN and AERI
  

Stocks With Unusual Call Option Activity:

• 1) XXII 2) SRPT 3) CARG 4) NOG 5) TWNK

Stocks With Most Positive News Mentions:

• 1) FLXN 2) SOFI 3) OCUL 4) DQ 5) PAOG
  

Charts:

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

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -18.4% Below 100-Day Average 
• 9 Sectors Rising, 2 Sectors Declining
• 67.8% of Issues Advancing, 27.9% Declining
• 126 New 52-Week Highs, 31 New Lows
• 57.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 46.9%
  
• Bloomberg Global Risk-On/Risk-Off Index 3,471.0 +162.0 points
• Russell 1000: Growth/Value 17,330 +.11%
  
• Vix 18.2 -3.3%
• Total Put/Call .89 -14.4%
• TRIN/Arms .70 -5.45%

Monday Watch

Today's Headlines

Bloomberg:                       

• Lebanon's Main State Power Plants Run Out of Fuel, Shut Down.    
• World’s Energy Chaos Turns Russia Into Top Emerging-Market Pick.  
• ‘Nothing Left But Fear’ Heightens Vietnam’s Factory Crisis.  
• BOE Officials Double Down on Signals of an Imminent Rate Hike.
• China’s Coal Hub Broadens Output Freeze Amid Heavy Rain, Floods.
• Taiwan Pushes Back After Xi Calls for Unification.  
• Iran Plans to Sell Oil in Exchange for Investment or Goods.
• In a World Fighting Climate Change, Fossil Fuels Take Revenge. 
• Stocks Set for Mixed Start Amid Inflation Risks: Markets Wrap .
  
• Oil Trades Near $80 as Global Power Crisis Set to Boost Demand.
• Vaccine Mandates Hit Amid Historic Health-Care Staff Shortage.  
• Hydropower Decline Adds Strain to Power Grids in Drought.  
• Facebook Is Willing to Open Algorithms to Regulators, Clegg Says.  
• Yellen Confident Congress Will Follow Through on Global Tax Deal.

Wall Street Journal:

• Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning.
• Investors Watch for Rising Costs in Earnings This Week.
• Big U.S. Retailers Charter Private Cargo Ships Amid Port Delays.
• Higher Energy Prices Raise Concerns About U.S. Inflation, Economy.
• Soaring Home Prices Are Roiling Appraisals and Upending Sales.
• Severe Drought Endangers Millions as Afghan Economy Collapses.
• Disney Meets Roadblocks to Movie Releases in China.  
• Biden’s Broadband Boondoggle.
• Fully Vaccinated and Had Covid-19? No Rush for a Booster Shot, Experts Say.
• Risky Volatility Funds Set to Make a Comeback.
  

Fox News:

• What 'Watters' World' found after an investigation into Nancy Pelosi's financial dealings in politics. 
• GOP demands Biden stop 'bullying' airlines with vaccine mandate, says taxpayers 'saved' industry.

CNBC:

• Cotton prices just hit a 10-year high. Here’s what that means for retailers and consumers.
• Disney’s shift to streaming puts ESPN in awkward position of clinging to the past. 
• ‘No Time to Die’ snares $56 million in domestic box office debut, tops $300 million globally.

Zero Hedge: 

• COVID-19 Cases, Hospitalizations Plummet In Southern US, Rise In Northern States.
• Sickout? Southwest Airlines Cancels 1,000 More Flights As Disruptions Increase.
• How Stocks Perform During Stagflation, And Why Goldman's Clients Are Worried.
• Here's How Wall Street Defines "Stagflation" And Why "Markets Could Be Massively Mispriced".
• Staggering Number Of US Troops Remain Unvaccinated As Deadlines Approach.
• Goldman Slashes 2021, 2022 GDP Forecasts Again, Blames Fiscal Drag, Slowing Consumer Spending.
• India Faces Rolling Blackouts As Coal Shortage Forces Power Plants To Adopt Emergency Measures.
• Empty Manhattan Storefronts Double Historical Rate.
• Do We Need "F" Grades? More Schools Are Saying No.
• 871 Firefighters File Intent To Sue Over LA's COVID-19 Vaccine Mandate.
• Robinhood Insiders Speed Up Stock Sales Days After New Risk Disclosures Relating To Crypto And Payment For Order Flow.
• Merrick Garland's Problems With His Son-In Law Just Got Worse.
• Bill Maher Shocks Liberal Audience With Trump 2024 Predictions: "I Hope I Scared The Shit Out Of You".
• The 'War On Cash' Endgame Is Here.
• JPMorgan Prime Advises Institutions To Keep Shorting Even As The Bank Hikes Its S&P Price Target.
• Brits May Be Forced To Take COVID Tests On Camera To Prove To "Health Advisers" They're Not Lying.
• Forget Silver, Nevada Is Now The Lithium State.
• Is The Small Business Sector Being Deliberately Targeted For Destruction?
• China's Xi: Taiwan's "Complete Reunification" With The "Motherland" Must Be Fulfilled.

MarketWatch.com:              

• Energy stocks have perked up — here are Wall Street’s favorite sector plays.

Forbes:

• $200-Per-Ton Coal And Soaring Use Of Oil For Power Are Proving ‘The Iron Law Of Electricity’.

Fortune:

• Energy crisis is turning even ‘net zero’ countries back to coal—and prices are hitting record highs.

Medical Xpress:

• Iceland halts Moderna jabs over heart-inflammation fears. This decision owed to "the increased incidence of myocarditis and pericarditis after vaccination with the Moderna vaccine, as well as with vaccination using Pfizer/BioNTech," the chief epidemiologist said in a statement. Since Thursday, Sweden and Finland have also suspended the use of the Moderna vaccine but only for those under 30, because of a risk of inflammation of the myocardium, the heart muscle, and the pericardium, the membrane covering the heart. Denmark and Norway have formally advised against it for those under 18.

Our World in Data:

• Singapore is seeing the number of COVID-19 patients in it's ICUs hit record levels despite the 4th best vaccination rate in the world(80.8% fully vaxxed).

One Mile at a Time:

• Southwest Cancels 1,800+ Flights. It’s my understanding that a lot more pilots than usual have called in sick this weekend, and that just happens to coincide with the union having yesterday taken legal action against the airline over the vaccine mandate. Coincidence? You tell me…If you have a Southwest flight booked in the coming days, don’t expect it’ll necessarily operate as planned.

OANN:

• Sen. Paul: Biden, Fauci Continue To Ignore ‘The Science’ Of Natural Immunity.

NewsMax:

• Trump: Biden 'Has Brought Our Nation to Brink of Ruin'. 
• California Law Requires Gender-Neutral Area for Children's Products.

TheGatewayPundit.com:

• An Epidemic of the Vaccinated: Latest UK Data Shows Rate of Infection Among Vaxxed Exceeds Unvaxxed in Every Age Group Over 30.
• Media Blackout: It’s Not Just Southwest Airlines – Air Traffic Controllers in Jacksonville Reportedly Walked Out Friday Night Protesting Mandatory COVID Vaccinations Too.
• CNN Publishes Explainer About How to Convince Your 5-Year-Old They Need a COVID Vaccine.
• WATCH: 16-Year-Old Wyoming Student Arrested for Not Wearing Mask, Entire School Placed on Lockdown.
• President Trump Lays Out Perfectly Joe Biden and the Democrats’ Record (VIDEO).
• Illegal Immigrant Trafficker Warns Americans: “We’re Leaving from Tapachula – We Are Ready for War” (VIDEO).
• WATCH: MSNBC Airs Tik Toks Of Illegal Immigrants And Human Smugglers Bragging About How They Are Crossing The U.S. Border (VIDEO).
• Seattle PD Braces For Mass Firing of More Than 400 Unvaccinated Officers; City Already Reeling From Understaffed Force Prompting Massive Spike In Crime.
• At Least Five REPRODUCTIONS of Hunter Biden’s ‘Art’ Pieces Sold for $75K Each at His LA Pop-Up Show. 
• THE BIG LIE: In a Blatant Disregard for the Truth, Far-Left and Mainstream Media Claim No Election ‘Irregularities’ in Arizona.
  

The Epoch Times:

• Taiwan Calls on Beijing to Abandon Its Provocations After Xi Vows ‘Reunification’.
• Beset With Crises, China’s Xi Looks to the Masses.

India Today:

• 13 units shut due to coal shortage, consumers must use power sparingly: Maharashtra govt.
  

LBC:

• Energy crisis: Warnings of blackouts in India and China and gas prices soar in Europe.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).

Night Trading

• Asian indices are -.5% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 88.75 +1.75 basis points.
• China Sovereign CDS 52.0 +3.25 basis points.
• Bloomberg Emerging Markets Currency Index 58.62 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 3,303.0 -6.0 points.
• Volatility Index(VIX) futures 22.1 +2.0%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures -.53%.
• NASDAQ 100 futures -.59%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• None of note
  

Economic Releases

• None of note 

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China Money Supply report and the UK Industrial Production report could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly lower, weighed down by healthcare and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

Today's Headlines

Bloomberg:           

• Taliban Say They Won’t Work With U.S. to Contain Islamic State.  
• China’s Xi Renews Appeal to Taiwan Amid Pressure Campaign.
• Energy Crisis Pushes Serbia to Keep Coal Power, President Says.  
• BOE’s Bailey Warns of Potentially Damaging U.K. Inflation.  
• ECB’s Villeroy Says Inflation to Fall Below 2% by End-2022. 
• Central Bankers Are Spooked by Signs That Inflation Is Lingering for Longer.
• Vaccine Mandates Hit Amid Historic Health-Care Staff Shortage.  
• Profit Panacea Is Badly Needed in This Stressed-Out Stock Market.  
• Child-Care Crisis Keeps U.S. Women Out of Workforce for Longer.  
• Charting the Global Economy: Inflation Builds; Jobs Miss in U.S.

Wall Street Journal:  

• Ship Crews Abandoned in Record Numbers.
• Sharp Rise Brings Treasury Yields Near Spring Highs.
• Justice Department Makes Quiet Push on Antitrust Enforcement.
• These Cities (and Small Towns) Are Luring Remote Workers With Perks.
  
• The Entitlements of U.S. Decline.  
• Bill de Blasio’s Parting Gift.  
• Who Wants to Stay on the West Coast?
• Apple Veteran’s Next Act Is Taking Home-Delivery Startup Public.
• How to Move More Goods Through America’s Clogged Infrastructure? Robot Trains.
• Digital Payments Are Convenient. They Also Can Wreak Havoc on Your Finances.
• Mexican Officials Detain 652 Migrants in Trucks Near U.S. Border.  
• Merrick Garland’s Federal Offense.

IG:

• Weekend Markets Trading Live.

Barron's:

• Had bullish commentary on (GOOG), (AMZN), (AAPL), (MSFT), (FB), (GTN) and (PRU).

CNBC:

• China presses U.S. to cancel tariffs in test of bilateral engagement.
• Facebook’s outage has people rethinking how they make money online.
• Stick to broad commodities exposure amid China’s power crunch, market analyst says.
• China proposes adding cryptocurrency mining to ‘negative list’ of industries.
• Natural gas prices are skyrocketing around the world. Here’s why the U.S. may not suffer as much.

MarketWatch.com:                

• Will bank stocks’ wild rally continue? Here are the numbers to watch in next week’s earnings results.
  
• Is the stock market open on Columbus Day? Yes! But the bond market isn’t—Here’s why  
• Weekend reads: Could the IRS monitor your bank account?  
• Opinion: Buying bitcoin or any other crypto is a leap of faith and you don’t want to be the ‘greater fool’.

Forbes:

• $200-Per-Ton Coal And Soaring Use Of Oil For Power Are Proving ‘The Iron Law Of Electricity’.

Fortune:

• Energy crisis is turning even ‘net zero’ countries back to coal—and prices are hitting record highs.

NDTV:

• Blackout Warning For Delhi If Coal Supply Not Restored In 2 Days. Over half of India's 135 coal-fired power plants, which in total supply around 70 per cent of the country's electricity, have fuel stocks of less than three days.

Medical Xpress:

• Iceland halts Moderna jabs over heart-inflammation fears. This decision owed to "the increased incidence of myocarditis and pericarditis after vaccination with the Moderna vaccine, as well as with vaccination using Pfizer/BioNTech," the chief epidemiologist said in a statement. Since Thursday, Sweden and Finland have also suspended the use of the Moderna vaccine but only for those under 30, because of a risk of inflammation of the myocardium, the heart muscle, and the pericardium, the membrane covering the heart. Denmark and Norway have formally advised against it for those under 18.

Fox News:  

• WATCH: Suspected cartel thugs fire shots into US as Biden's crisis at the border escalates.
• Hunter's work sells for big bucks at LA art show as ethical questions loom.
• Team Biden, if you want better jobs numbers, stop discouraging work. (video) Encouraging people not to work isn’t just bad for the economy, it’s bad for them.
• Lawmakers sound alarm as Biden raises eyebrows with 'steady progress' remark after ugly jobs report. 
• Maria Bartiromo says new jobs report 'not good' for Biden admin: Creating a 'welfare state'.

Newsmax:   

• Rep.Van Duyne: Dems ‘Spending Like Drunk Sailors’.
• Rep. Cammack: 'Sick' of Weak GOP Leadership as Democrats Run 'Lawless'.
• China's Xi Vows 'Reunification' With Taiwan.   
• Alan Dershowitz: AG Garland 'Over the Line,' Chilling Speech.
• Gov. Ricketts: Administration's Inaction Driving Border Crisis. 

Our World in Data:

• Singapore is seeing the number of COVID-19 patients in it's ICUs hit record levels despite the 4th best vaccination rate in the world(80.8% fully vaxxed).

Zero Hedge:   

• Why The Swiss Electorate Put The Brakes On Climate Policy. 
• "So Deeply, Deeply Wrong" - Lithuanian Without Vaccine Pass Describes Life Under Medical Tyranny.
• Entirety Of Lebanon Goes Dark, Mass Power Outage To Last Several Days.
• Breakfast Inflation Strikes As Oat Prices Hit Record Highs.
• Furious School Parents Will Not Be Silenced - Doesn't AG Garland Have Better Things To Do?
• Southwest Pilots Union Sues To Block Airline's Vaccination Mandate.
• US Heating Oil Supplies Lowest In Decades Ahead Of Winter.
• "Catastrophic" Property Sales Mean China's Worst Case Scenario Is Now In Play.
• Entirety Of Lebanon Goes Dark, Mass Power Outage To Last Several Days.
• Life's A Beach Until The Tsunami Hits: Four Waves Nobody Cares About...Yet.
• The Energy Transition Will Take Decades Not Years.
• Financial Times Says Europeans Should "Prepare For Demographic Replenishment By Arabs And Asians".
• A Message To Fauci: You Are In No Position To Dictate The "Greater Good".
• Aussie Freedom Blogger Arrested At Home For Alleged 'Breach Of Public Health Act'.
• Over 1,000 Crew Members Are Stranded On 'Abandoned' Cargo Ships Globally Without Pay Or Food.

TheGatewayPundit.com:

• COVID-19 Infection Rates Soar in Singapore Despite the Country Having One of Highest Vaccination Rates in the World at 83%. 
• Twitter Censors Thread From Entrepreneur Who Regrets Taking the Vaccine After Serious Side Effects.
• California Becomes the First State that Requires High School Students to Pass a CRT-Based “Ethnic Studies” Course in Order to Graduate; New Law will Also Apply to Charter Schools.
• Google to Ban Ads Containing ‘Climate Change Denial’.
• WOW: 871 Los Angeles Firefighters to File $1.7 Billion Lawsuit Over Vaccine Mandate (VIDEO).
• AG Garland’s Son-In-Law’s Company ‘Panorama’ Also Pushes CRT in Texas and Georgia, and a Deceitful Article Equating MAGA to the KKK.
• Twitter Censors Thread From Entrepreneur Who Regrets Taking the Vaccine After Serious Side Effects.
• Newsom Admits 12-Year-Old Daughter Has Not Yet Been Vaccinated Despite K-12 Vaccine Mandate for Rest of State.
• Just In: Biden’s DHS CANCELS All Remaining Border Wall Contracts in 2 Overwhelmed Sectors; Calls on Congress to Fund “Smarter” Border Security As Unprecedented Numbers of Illegals Continue Pouring Across Areas With NO WALL.
• Biden’s Border Crisis Pops Off: Cartel Fires Machine Gun Over Border Patrol Tower After Days of Threats Against Agents by Armed Gangs in Tac Vests; “We Should Just Shoot You Soldiers” – (Video).

The Epoch Times:

• China Controls the World’s Critical Minerals Supply Chains.
• China Presses US to Cancel Tariffs in Virtual Meeting.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).