Bear Radar

Style Underperformer:

• Large-Cap Value +.8%

Sector Underperformers:

• 1) Oil Service -.2% 2) Steel -.1% 3) Pharma unch.

Stocks Falling on Unusual Volume: 

• IONS, CTXS, LHX, ARLP and AMPH
  

Stocks With Unusual Put Option Activity:

• 1) EFA 2) UPS 3) INDA 4) TBT 5) EEM
  

Stocks With Most Negative News Mentions:

• 1) APPH 2) K 3) CNOB 4) NICK 5) DNAA
  

Charts:

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

Style Outperformer:

• Small-Cap Growth +3.1%

Sector Outperformers:

• 1) Alt Energy +7.5% 2) Social Media +5.7% 3) Video Gaming +4.1%

Stocks Rising on Unusual Volume:

• TGTX, SEMR, SHLS, ATKR, PLUG, SOFI, YMAB, PACB, NFLX, BILL, AMPL, CCCC, GRPN, OSTK, HOOD, CYRX, OSH, IAC, CLFD, RUN, TXG, QTRX, PODD, WOLF, NVAX, ALGN, KOD, AFRM, BOOT, LZB, ALEC, PAR, NOVA, SAVE, NEE, NVRO, SRG, CUK, FLWS, AHCO, AZEK, CRBU, JBLU, MAXR, HTGC, LXP, HMHC, RTLR, GOF, SAIL, CNXC and JNPR
  

Stocks With Unusual Call Option Activity:

• 1) CTXS 2) ARNA 3) URA 4) GT 5) FLEX

Stocks With Most Positive News Mentions:

• 1) SKKY 2) ATKR 3) GRPN 4) GNRC 5) FTNT
  

Charts:

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

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running +7.2% Above 100-Day Average 
• 11 Sectors Rising, 0 Sectors Declining
• 72.5% of Issues Advancing, 24.4% Declining
• 17 New 52-Week Highs, 96 New Lows
• 34.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 39.9% 
• Bloomberg Global Risk-On/Risk-Off Index 3,058.0 +284.0 points
• Russell 1000: Growth/Value 16,950.0 +1.4%
  
• Vix 25.8 -6.8%
• Total Put/Call 1.03 +.98%
• TRIN/Arms .80 +29.0%

Monday Watch

Today's Headlines

Bloomberg:   

• Pentagon Says Putin Still Adding Russian Troops Around Ukraine.  
• China Manufacturing Loses Steam as Growth Risks Mount.
• Truckers Protesting Vaccine Rule Staying Put in Canada’s Capital.
• Australia Poll Shows Morrison’s Conservatives Face Election Loss.
• Australia to Scrap QE, Revise Up Inflation as Rate Debate Builds.
  
• U.S. and U.K. Work on Russian Sanctions Revamp: Ukraine Update.
  
• Where Military Forces Are Assembling Around Russia and Ukraine.  
• Flight From Risk Drives Biotech Stocks to Worst Start Since 2016.  
• Boston Ties 24-Hour Snow Record With Weekend Blizzard.  
• Collins Faults Biden for ‘Clumsy’ Handling of Breyer Replacement.  
• LVMH’s Hublot to Raise Watch Prices as Inflation Hits Luxury.
• Traders’ Emerging Stocks Dreams Are Dashed by Late January Curse.
• An Army of Faceless Suits Is Taking Over the $4 Trillion Hedge Fund World.

Wall Street Journal:

• Californians Now Willing to Admit Why They Are Leaving. Even Hollywood’s tolerance for bad ideas has a limit.
• Spying. Human Rights. Covid-19. Beijing Olympic Athletes Face the Most Complex Games Ever.
• Decluttered Bed Bath & Beyond Stores Frustrated Shoppers.
• Spotify Publishes Content Policy, Covid Hub Amid Rogan Controversy.
• Cathie Wood’s ARK Faces Loyalty Test After Tech Rout.
• Elliott and Vista Near Deal to Buy Citrix Systems.
• In Eastern Ukraine’s Largest City, Pro-Russia Sympathies Wither.
• Move Over, Meme Stocks: Retail Investors Go Back to Blue Chips.
• Aluminum Prices Can’t Keep Up With Energy Costs, Driving Closures.
• For Chip Industry, Supply Woes Push Next Target to $1 Trillion.
• Drugmakers Raised Prices by 6.6% on Average Early This Year.
• Restaurants Pull Back on Value Menus as Costs Rise.

Fox News:    

• Top Trump defense official says China will negate vital US Russia strategy.
• Canadian province deals major blow to 'freedom' trucker protestors.
• Voting for Biden's hard-left Supreme Court pick could end Manchin's political career, as it should: Ingraham. 

CNBC:

• The 4 vitamins and supplements this doctor takes every day to strengthen her immune system
• Fed’s Bostic tells the FT the central bank could hike rates by a half-point if needed.
• Big swings in the market are more normal than investors might expect, but things could get worse.
• Top Wall Street analysts see safety in these stocks amid market volatility.
• Hollywood agencies are betting big on TikTok talent as they seek to woo Gen Z audiences.
• Inflation at its worst: The cost of a night out is up as much as 100%.

Zero Hedge: 

• Greenwald: Pressure Campaign To Remove Joe Rogan From Spotify Reveals Liberal Religion Of Censorship.
• Atlanta Fed President Pours Gasoline On Fire With 50Bps Hike Comment, But There Are Reasons To Ignore It.
• "Some Unpleasant Math" - The Fed Has Two Options: A Recession,Or Years Of Very High Inflation.
• Here's Why US Truckers Staging Convoy To DC Will Face Soaring Diesel Prices.
• Speech Therapist: 364% Surge In Baby And Toddler Referrals Thanks To Mask Wearing.
• China PMIs Show Economy On Verge Of Contraction Amid Continued Growth Slowdown.
• Stockman Says "This Goes Way Beyond Wag-The-Dog 2.0" As Ukraine Pushes Back Against American Hawks. 
• Spotify Has Officially Become The Battleground For Big Tech's Censorship Civil War.
• Over 80% Of Americans Think They'll Be "Stuck With [COVID] Forever".
• Failure To Launch.
• The Pandemic Has Made Americans Even Lazier.
• Position-Sizing And Drawdowns.
• "They're Trying To Put Me In Jail" - Trump Calls For "Biggest Protests We've Ever Had" If "Racist" Prosecutors "Do Anything Illegal".
• "Peak Rationality" Hit In 1980, And Since Then It's Been All About "Emotion".
• T-Mobile To Fire All Unvaccinated Corporate Staff By April.
• Corporate Media And Big Tech Align Against #FreedomConvoy.
• Denmark Is First EU Country To Scrap All COVID Restrictions.
• North Korea Launches Most Powerful Missile In Years.
• A War Only America & Britain Seem To Want.
• China Will Play Major Role In Russia-Ukraine Conflict: Experts.
• Taiwan Says Its Athletes Will Not Participate In Beijing Olympics Ceremonies.
• Bacon Shortage? US Pork Supplies Tumble To 11-Year Low. 
• Did Powell Just Burst The ESG Megabubble.

NewsMax:

• Trump: Boycott Platforms That Cancel Conservatives.
• Allen West: Progressive Crime Policies Result in ‘Lawlessness’.  
• Trump: Boycott 'Radical Left Lunatics' of AT&T, DirecTV, 'Concast'.

TheGatewayPundit.com:

• General Michael Flynn Says Globalists Created COVID and “One of the Big Reasons Was to Steal an Election.”. 
• ** BREAKING BOMBSHELL** Dinesh D’Souza Releases Movie Trailer for “2000 Mules” Exposing Ballot Traffickers Who Stole the 2020 Election. 
• NEW VIDEO via Laura Loomer: Biden Drops Off Hundreds of Illegal Aliens at Florida Hotel.
• CNN Panel Paints Joe Rogan’s Millions of Listeners as Stupid Rubes (VIDEO).
• “I’m Disgusted with Them Both!” – Democrat Voter Who Was Featured in Biden’s Campaign Video Slams Joe Biden and Kamala Harris (VIDEO).
• Convoy to DC 2022: American Truckers to Form Convoy Protest From California to DC (VIDEO).
• Marxist BLM Leader Patrisse Khan-Cullors Bought Four High-End Homes in US Before Stepping Down — And Is Now Linked to $6 Million Mansion in Canada.
• LAWRENCE SELLIN: China’s Military May Be Making a New Human-Infecting Coronavirus Deadlier than COVID-19.
• More Bald-Faced Lies: Biden Regime Says There’s No Such Thing as Secret Illegal Alien Flights in Dead of Night.
• Crowd Size at Trump Rally in Texas Was Massive – an Estimated 50,000 Show Up to See President Trump in Conroe.
• CNN Tries To Put Jim Acosta In Their Primetime Lineup And He’s A Ratings Dud.
• Father of Two Young Children Denied Heart Transplant for Being Unvaccinated.
• Trump Praises Canadian Truckers – Calls on Congress to Rehire EVERY Soldier or Marine Fired by Joe Biden over Vaccine Mandate (VIDEO).

The Epoch Times:

• China Is Undermining the US Through Elite Capture: Author.
• Chinese-Made COVID-19 Test Kits Are Coming to Millions of American Households via White House Initiative.  
• CCP May Collect Top American Athletes’ DNA at Beijing Olympics, Experts Say. 
• ‘Government Overreach Is Coming to an End’: Massive Truck Convoy Heading to Washington After Ottawa.

Twitter:

• @BeachLife7 - The Truckers have arrived in Ottawa. City in gridlock. Testament to Trudeau’s failed leadership. Symbol of People Power. The NWO/WEF Great Reset plan is failing. No one wants the Transhumanist, AI controlled Digital nightmare Future they are attempting to foist upon us !!! (video) Truckers have full control over downtown Ottawa. The truckers are also getting organized and rotating shifts. (video) "JUSTIN TRUDEAU MUST GO". (video) NUREMBERG, GERMANY RISING UP AGAINST VACCINE PASSPORTS. (video) Thousands protest vaccine passes and COVID tyranny in Mallorca, Spain. (video)
  
• @steve_hanke - In #Paris, thousands gather to protest France's tyrannic COVID-19 restrictions for the 29th week in a row. Take a look: (video)
• @IFENewsAgency - Appears the Europe convoy has started already- and I’m not sure but Brussels feb 7 may have been switched to 14. Woohoo Go Europe!!! (video)
  

GETTR: 

• @DiscloseTV - JUST IN - Health Secretary Sajid Javid set to scrap mandatory Covid jabs for NHS and social care workers, The Telegraph reports. NEW - Dutch truckers drive in a convoy through Friesland, Netherlands, inspired by events in Canada.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 739,999 Reports(+7,117 from prior week) Through January 21, 2021.
  

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

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 -.25% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 91.5 +1.0 basis point.
• China Sovereign CDS 50.5 +1.0 basis point.
• Bloomberg Emerging Markets Currency Index 53.92 +.04%.
• Bloomberg Global Risk-On/Risk Off Index 2,792.0 +18.0 points.
• Volatility Index(VIX) futures 27.3 +1.6%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures -.28%.
• NASDAQ 100 futures -.29%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (OTIS)/.70
• (TT)/1.31
  

After the Close:

• (CRUS)/2.14
• (FN)/1.46
• (HP)/-.47
• (NXPI)/3.01
  

Economic Releases

9:45 am EST

• The MNI Chicago PMI for Jan. is estimated to fall to 61.8 versus 63.1 in Dec.

10:30 am EST

• Dallas Fed Manufacturing Activity for Jan. is estimated to rise to 9.0 versus 8.1 in Dec.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone GDP report, China Non-Manufacturing PMI report and the International Mining/Resources Conference could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

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

Today's Headlines

Bloomberg:          

• German, French Diplomats Plan Feb. 7 Kyiv Visit: Ukraine Update.  
• China Summons AstraZeneca Over Probe in Altered Test Results.
• Taiwan’s VP Holds Call With Pelosi in Bid to Bolster U.S. Ties.  
• India to Boost Spending With Near-Record Debt: Budget Preview.
• Trucker Vaccine Rule Brings Polarizing Protest to Canada’s Capital.  
• Italy’s Economy Probably Expanded 6.5% in 2021, Minister Says.
  
• Surging Fertilizer Prices Set to Exacerbate African Food Crisis.
• Threat of 50 Basis Points Is New World for 21st Century Traders.
  
• Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year.  
• Commodities’ Dizzying Week Amid Fed, Nor’Easter in Five Charts.
  
• Charting Global Economy: Inflation Data Underscore Fed Urgency.
• Crypto Slide Puts Outlook of a Billion Investors by 2023 to Test.  
• Netflix Co-CEO Hastings Buys $20 Million of Shares After Drop.  
• Airlines Anxiously Await Road Warrior Return to Office and Air. 
• Quantitative Tightening Looms For Markets as Fed Turns Hawkish.  
• Bond Market Girds for Bumpy Road as Powell Shreds Fed Playbook.   
• AlphaTrAI Quant Says Risk-Parity Old Guards Are About to Suffer.  
• Europe’s Big Two to Deepen Split on Inflation Response: Eco Week. 
• Walgreens Is Said to Kick Off Boots Sale as Sycamore Joins Fray.

Wall Street Journal:

• What CEOs Are Saying About Inflation.
• Wall Street’s Green Push Exposes New Conflicts of Interest.
• The Trump Boom Lifted Black Americans. Before the pandemic, the economy grew in ways that mostly benefited low-income and middle-class households.
• Who Really Got Rich From the GameStop Revolution?
• Ukraine’s ‘Weekend Army’ Trains as Last Defense Against Russia.
• The FTC’s New Antitrust Argument Against Tech Giants.
• Why 30 Years of Defense Consolidation May Be at an End.
• Amazon, UPS, Exxon Are on Deck to Report Earnings in Coming Week.
• The Mentors Who Helped Ulta Beauty’s Unlikely CEO Make Up for Inexperience.

Barron's:

• Had bullish commentary on (PXD), (VLO), (HUBS), (CRM), (ABT), (JNJ), (MMM), (CAT), (ADP), (MCD), (WCC) and (BAP).
  

Fox News:    

• Leaked video shows agents' heated exchange with Border Patrol leader, as Mayorkas watches.
  
• ICE agents forced to coordinate travel for illegal immigrants, some with criminal records: source.
• LIVE UPDATES: Thousands lose power as winter storm batters East Coast.
• Biden voter sounds off on why he is 'furious' with the president.
• Record-breaking state attorney general dies just hours after hospital admission. 
• Top university's long list of resources for students 'affected' by 'free speech'.

CNBC:

• Are $180 Alaskan red king crab legs worth the money? Here’s what happened when we tried it.

Zero Hedge:  

• With Trudeau In Hiding, CBC Suggests Putin Behind Truckers' Freedom Convoy.
• Less Than Half Of Americans Trust Business "To Do The Right Thing".
• The Wild Card To Watch For Oil Markets In 2022.
• Progressive Dems Distance Themselves As Biden Turns Radioactive.
• "The Elites Don't Care About The Temperature Rising, They Care About Usurping Control": George Gammon. 
• Former CDC Director: Fauci-Shaped Paper On Origins Of COVID-19 'Antithetical To Science'.
• The Virus Stops With Every Vaccinated Person" - Eight Quotes From The 'Experts' That Aged Horribly.
• US Consumers Will Push Back On High Food Prices, Mondelez CEO Says.
• Most Americans Want Diplomacy, Not War With Russia Over Ukraine; New Poll Finds.
• Chinese Ambassador Warns Increasing US Ties With Taiwan Will "Most Likely" Lead To War.
• Thousands Of Flights Canceled As 'Bomb Cyclone' Batters Northeast.
•   "What Have You Guys Been Right About?" Adam Carolla Slams Media Over Joe Rogan Controversy.
• Revisiting The Anatomy Of A Bubble.
• And The Prize For "Worst Journalism Of The Year" Goes To...
• NATO Row Erupts As Latvia Blasts Germany's "Immoral & Hypocritical" Russia, China Ties.
• How People Around The World Feel About Their Economic Prospects.
• Victor Davis Hanson: Why Putin Has Not Been Deterred.
• Visualizing The Russia-Ukraine Military Imbalance.
• Xi Jinping Seeking "Global Domination": Mike Pompeo.
• China Jails 50 Steel Mill Executives As Environmental Crackdown Intensifies.
• Shellenberger: Why San Francisco Is Denying Reality.
• China Rips Off US Military With New "Mechanical Yak" Robot.
• Biden Admin To Regulate Bitcoin 'As A Matter Of National Security'; Report.
• Florida Trucker In Canada Convoy: "We're Here To Join A Movement".
• George Soros Pledges 'Unprecedented' $125 Million To Help Democrats Win In November.

MarketWatch.com:      

• These 11 arguments will define ‘titanic battle’ between stock market bulls and bears as Fed lifts rates.
  
• 24 software stocks, including Microsoft, expected to rise by double digits over the next year.
  
• Exclusive: Jeff Bezos’s $200 million naming-rights deal with the Smithsonian does not include a ‘morals clause’.
  
• Winter storm churns up U.S. East Coast with deep snow, high winds.
  
• ‘Uber for nurses?’: Initiative targets healthcare for a ‘gig work’ law.

NewsMax:

• McCarthy Reportedly Turns to Gingrich for 2022 Midterm Strategy.
  
• Sen. Ron Johnson: US Response to COVID 'a Miserable Failure'.

TheGatewayPundit.com: 

• As Brigade of Trucks Reaches Canada’s Capitol, Spineless PM Trudeau Hides in “Covid Isolation” Despite 2 Negative Tests and Guidelines Saying Fully Vaxxed “Don’t Need to Isolate”.
• BIDEN’S ECONOMY: Another Key Inflation Indicator Highest In 40 Years But Don’t Worry – Biden Says Food Prices Have Barely Gone Up. 
• Grassroots Republicans Warn of Democrat Floridians Using Part Time Florida Residents Votes to Steal the 2022 Election from DeSantis — Using Gateway Pundit Information on ERIC System. 
• Fully Vaccinated Florida Woman Needs Both Legs Amputated Due to ‘Covid-19 Complications’. 
• LIVE COVERAGE: Tens of Thousands Greet Freedom Convoy 2022 as it Arrives in Ottawa, Canada (VIDEO).
• MUST SEE: Leaked Video Shows Border Patrol Agents Eviscerating Biden’s BP Chief Over Failure to Secure The US Border (VIDEO).
• WE WERE RIGHT: Jan-6er Defense Attorney Confirms the US Capitol Magnetic Columbus Doors Were Opened from the Inside.
• COVID Deaths in New York Nursing Homes Were Under Reported by Nearly 50% But Both DOJ and New Manhattan DA Drop Investigations into Cuomo.
• POLL: Over 45 Percent Say Biden Lied To Get Elected And Now Life In America Is Worse.
• EXCLUSIVE: T-Mobile Disregards Supreme Court Ruling on Vaccine Mandate – Will Terminate Unvaccinated Employees.
• “This is Not America Anymore”: Triggered Flight Attendants Force Man Wearing LGB/FJB Mask to Wear a Different Face Covering Because They Were “Offended” (VIDEO).
• INCREDIBLE VIDEO! THOUSANDS of New York Police Officers Salute in Formation as Casket of Fallen Officer Rivera Passes on Street.
• MUST SEE: Wife of Slain NYC Police Officer SLAMS Soros-Linked DA Alvin Bragg at Husband’s Funeral — Gets Standing Ovation.

The Epoch Times:

• Taiwan Says Its Athletes Will Not Participate in Beijing Olympics Ceremonies.

Twitter:

• @LFCNewsMedia - #France Todays Protest in #Paris Against The Vaccine Passports and Mandatory Vaccinations. Lets not also Forget the Hundreds of Cities Which are all Braving the Cold to Protest Against What is Considered in France the Most Liberticide Bill Ever Passed in Our Country. (video) #Canada An Amazing Day of Unity in the Biting Cold of #Ottawa, Truckers and Protesters Hand in Hand Demanding the End of all Vax Mandates and Associated Measures #TruckerConvoy2022 #TruckersForFreedom2022 #TruckerForFreedom2022. (video)
  
• @OSINTEL - Report says #Facebook deleted the Canada Truckers for Freedom group with over 600,000 members. NOW - Thousands of people took to the streets of Vienna to protest against the restrictive measures of the authorities due to the coronavirus pandemic and mandatory vaccination, the law of which comes into force on February 1. (vudei)
• @WithyGrove - VIDEO: Solidarity with the #FreedomConvoy2022 being shown at pro-democracy demonstration in #Paris this afternoon. #giletsjaunes #FrenchResistance #NoVaccineMandates #NoVaccinePassports #Macron #manifs29janvier.

GETTR:

• @DiscloseTV - NEW - Brit footballer, 35, dies suddenly in Dubai after ‘heart attack on the pitch’ as friends pay tribute. JUST IN - UK MPs launch investigation after psychologists criticize totalitarian and "grossly unethical" tactics of "deploying fear, shame and scapegoating" during the pandemic. NEW - Protest outside #Pfizer building in Paris. (video) NOW - Large protest in #Ottawa against vaccine mandates and Covid restrictions as the trucker convoy has arrived in the capital of Canada. (video)
  

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 739,999 Reports(+7,117 from prior week) Through January 21, 2021. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

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).