Bear Radar

Style Underperformer:

• Small-Cap Growth -2.7%
  

Sector Underperformers:

• 1) Alt Energy -4.0% 2) Retail -4.0% 3) Telecom -3.0%

Stocks Falling on Unusual Volume: 

• EVBG, ADTN, PDI, AMCX, HTGC, ATRC, DOCN, AZEK, PRG, XENE, HCC, RNG, ALLE, ATRC, CEG, ALB, WING, INTC, LOGI, VRT, RYI, UFPI, VVNT, AWI, TNET, DISH, ARHS, PNFP, WLK, HD, LECO, TWLO, ZNTL, TTD, ITCI, VAL, SSL, AN, ROKU, SWAV, HUN, LGIH, CMTG, AI, BAND, SAH, LUNR, HRMY, ALNY, PDD, LPX, FSLY, TRN, MANU, PLAB, ELAN, JD, EBS, SKYT, NDSN, AEL, ISEE, ATNM, DAN and RETA
  

Stocks With Unusual Put Option Activity:

• 1) SRNE 2) OSTK 3) URBN 4) WMT 5) RNG
  

Stocks With Most Negative News Mentions:

• 1) CVRX 2) JD 3) BCRX 4) DOCU 5) HD
  

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value -1.7%

Sector Outperformers:

• Energy +.1% 2) Foods +.1% 3) Education -.2%

Stocks Rising on Unusual Volume:

• TVTX, APLS, MTW, VIR, TPH, GIS, HZO and NRDS
  

Stocks With Unusual Call Option Activity:

• 1) COTY 2) RRC 3) SRNE 4) TAP 5) HD

Stocks With Most Positive News Mentions:

• 1) TVTX 2) TPH 3) VIR 4) MTW 5) TAP
  

Charts:

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

Tomorrow's Earnings/Economic Releases of Note; Potential Market Movers

Earnings of Note 
Company/Estimate 

Before the Open: 

• (BIDU)/14.09
• (CRL)/2.75
• (EVBG)/.31
• (FDP)/-.05
• (GRMN)/1.17
• (HEES)/1.00
• (OSTK)/-.02
• (RGEN)/.58
• (TJX)/.89
• (UTHR)/5.21
• (WING)/.41
• (WWW)/-.15
  

After the Close:

• (BIRD)/-.12
• (APA)/1.33
• (WHD)/.52
• (CAKE)/.59
• (CCRN)/.89
• (EBAY)/1.06
• (ETSY)/1.12
• (LCID)/-.40
• (MOS)/2.20
• (MYRG)/1.05
• (NTAP)/1.31
• (NDLS)/.03
• (NVDA)/.80
• (PXD)/5.76
• (RCII)/.73
• (RGR)/.98
• (TDOC)/-.19
• (VMI)/3.57
  

Economic Releases  

2:00 pm EST

• The Feb. 1 FOMC Meeting Minutes.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Williams speaking, German CPI report, weekly US retail sales reports, weekly MBA Mortgage Applications report, Bloomberg Feb. US Economic Survey, 5Y T-Note auction, Wells Fargo Real Estate Conference, Barclays Industrial Conference and the (DNB) investor day could also impact global trading on Tuesday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Morning Market Internals

NYSE Composite Index:

• Volume Running -2.9% Below 100-Day Average 
• 10 Sectors Declining, 1 Sector Rising
• 14.1% of Issues Advancing, 83.7% Declining
• 26 New 52-Week Highs, 15 New Lows
• 57.1%(-4.2%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 44.0 -5.0
  
• Bloomberg Global Risk-On/Risk-Off Index 61.0 -.07%
  
• Russell 1000: Growth/Value 14,835.2 -.26%
  
• Vix 22.8 +7.2%
• Total Put/Call 1.0 -13.3%
• TRIN/Arms .89 -11.0%
  

Tuesday Watch

Night Trading

• Asian indices are -.5% to unch. on average.
• Asia Ex-Japan Investment Grade CDS Index 116.0 +5.75 basis points.
• China Sovereign CDS 66.5 +3.75 basis points.
• China Iron Ore Spot 131.0 USD/Metric Tonne +2.0%
  
• Bloomberg Emerging Markets Currency Index 47.7 +.06%.
• Bloomberg Global Risk-On/Risk Off Index 61.2 +.2%.
• Bloomberg US Financial Conditions Index .26 -1.0 basis point. 
  
• Volatility Index(VIX) futures 21.8 +2.4%. 
• Euro Stoxx 50 futures -.09%.
• S&P 500 futures -.45%.
• NASDAQ 100 futures -.37%.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly lower, weighed down by financial and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 25% net long heading into the week.

Today's Headlines

Bloomberg:           

• Iran Nuclear Inspectors Find Uranium Enriched to 84% Purity.  
• North Korea Fires More Ballistic Missiles as It Warns US.
• Beijing Wants to Meet EU Leaders as US Ties Fray.  
• China’s Baowu Seeks Deeper Ties with Rio Tinto on Iron Ore Trade.
• China Quietly Pivots From Land Sale Limits to Stem Housing Slump
• US Plans New Russia Export Controls, Sanctions on Key Industries.
• Ukraine’s Allies Are Working Through the Consequences of the Long War Ahead.  
• Iran Attacked Oil Tanker in Persian Gulf, Netanyahu Says.
  
• Adani Credit Facilities Expose Collateral Web Full of Red Flags.
  
• Big Tech Descends on Munich Conference in Support of Ukraine. 
• Dollar Gains, Stocks Face Headwinds From Fed Rates: Markets Wrap.
• Investors in a Bind as Risk Appetite Slams Into a Resolute Fed.
• Don’t Be Bullied by Stock Rally, Warns Wealth Enhancement’s Webb.
• Your Sunday Briefing: Market Doldrums and a Year After the Invasion.  
• Ohio Senator Blames Corporate Greed for Train Crash, Toxic Spill.

Wall Street Journal: 

• Top U.S., China Officials Clash Over Balloon Incident.
• Twitter Is Facing Suits Claiming Over $14 Million in Unpaid Bills.
• Meme Stock Investors Get Burned by Bed Bath & Beyond.
• Walgreens CEO Bets on Doctors Over Drugstores.
• The CDC’s Long-Covid Deception. A recent study exaggerates the incidence of postviral symptoms among young adults and deflects attention from misconceived pandemic policies. 
• Going Private Again Is Popular Among Newly Public Companies.
• U.S. Warns China Could Arm Russia, as Ukraine Seeks to Repel Advances in East.
• Food Stamp Program in Political Crosshairs.
• Videogame Makers Are Hitting Reset.

Fox News:

• Police staffing becomes issue after city that defunded police descends into street race chaos.
• 5 'dirtiest' cities in America run by Democratic mayors, study says.
• Woman kidnapped in border state makes stunning escape after being captive for almost a year
• Middle school teacher claims it's 'white supremacy' to oppose thievery.

CNBC:

• Retail’s reality check: The industry could be in for cost cuts and slower sales this year.
• Top Wall Street analysts are bullish on these 5 stocks. 
• U.S. officials address mounting tensions between U.S. and China during Munich Security Conference.

Zero Hedge: 

• Blinken Warns China Against Providing Aid To Russia, Says Balloon Surveillance Must "Never Again Occur" As Beijing Slams "Excessive Use Of Force", Offers "No Apology".
• Microsoft Neuters AI-Powered Bing Chat.
• A Humble Attempt To Capture The Insanity That We Have Witnessed So Far This Month In Just 14 Videos.
• Discover To Begin Tracking Purchases At Gun Retailers Starting In April.
• Taibbi: The West's Betrayal Of Freedom.
• Taibbi: US Senator Wanted ZeroHedge Banned From Twitter. 
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Michael Wilson: Stocks Have Entered The "Death Zone".
• Environment Police Want To Reduce Car Ownership Because EVs Are Not Enough.
• Debating Demographic Decline.
• Illinois Tries To "Cancel" DeSantis As Pritzker, Chicago Mayoral Contenders Play The De-Platforming Game.
• The 'Woke' Brigade Has Come For Roald Dahl's Books.
• Pentagon Declines To Answer If It Shot Down $12 Balloon With $400,000 Missile.
• Florida Surgeon General Warns Life-Threatening VAERS Reports Up 4,400 Percent Since COVID-19 Vaccine Rollout.
• TME Weekend.
• 13 Numbers That Show How Dramatically We Have Failed America's Children.
• US Becomes World's Second-Largest EV Market.
• The Government Seeks Totalitarian Money.
• Will We Eat Bugs? A French Biotech Firm Thinks So.
• Whitney: A US-Led 'Coalition Of The Willing' Foreshadows The Splintering Of NATO.
• Escobar: Raisi In Beijing - Iran-China Strategic Plans Go Full Throttle.
• Which Countries Pollute The Most Ocean Plastic Waste?
• Inside China's Military Balloon Program.
• The State Of Global Democracy, US Is 'Flawed'.
• War Certainly Is A Racket.
• After School Satan Club Provokes Parent Outrage.
• OnlyFans Creators Asked What They're Thinking About AI-Generated Porn.

MarketWatch.com:           

• Norfolk Southern, which spent $4 billion on stock buybacks last year, creates $1 million fund for Ohio train-derailment victims.
  
• Here’s how some risky bets could destabilize the stock market.   
• Buy the stock-market dip? Why ‘cash’ yielding more than it has since 2007 could be king.   
• Retailer Tuesday Morning to close more than half its stores following bankruptcy.  
• Meta testing new subscription service for verified Facebook and Instagram accounts.

NewsMax:  

• Chair Ronna McDaniel: 'The RNC Is Behind Newsmax'.
• Rep. Barry Moore: DirecTV Part of Big Tech's Censorship.
• Yeonmi Park: Censorship 'Path' to Winding Up Like NKorea. 
• Rep. Burchett: US Response to Balloon Fiasco 'Laughable'.
• Rep. Flood: WH 'Doing Nothing' to Stop Chinese Spying.

TheGatewayPundit.com:  

• UPDATED: Walkthrough In Sacramento After 2020 Election Showed Dominion Boxes Labeled “Made in China”, a Pallet of Ballots Unsealed, Passwords and Flashdrives Laying Around Tabulation Room.
• Senator McConnell Is NOT AMERICA FIRST – He’s Working with Senate Leader Chuck Schumer Pushing Ukraine War While Ignoring the Destruction of America at Home.
• Local Farmer Sounds the Alarm: Why Did East Palestine Launch ‘MyID’ Emergency Service to Surveil Biometrics 1 Week Before Ohio Train Derailment?
• WOW – George Soros Totally Melts Down in Speech on Climate Change at Munich Security Conference.
• Railway Employee Says One Major Factor Made Ohio Derailment So Much Worse.
• Breaking: Pipe Bomb Found on Train Tracks Behind St. Dominic’s Catholic Church in Philadelphia. 
• CHARLIE AND THE CHOCOLATE FACTORY GOES WOKE: “Sensitivity Gurus” Making HUGE CHANGES To Roald Dahl’s Classic Children’s Books To Appease The Cancel Culture Mob.
• HORROR: Young Mom Shot and Killed in Front of Her Children After Dispute in Kroger Parking Lot.
• Secretary of State Blinken Confirms China Spy Balloon Was Engaging in “Active Surveillance” Over “Very Sensitive Military Sites” (VIDEO).
• 15 FACTS on the Dozens of Federal Operatives Who Infiltrated the Trump Crowds on January 6th at the US Capitol.
• Nine Little-Known Facts about Brazil’s President and Convicted Felon Lula da Silva.
• Toxic RINO Lindsey Graham Accused of Fast-Tracking Biden’s Radical Judicial Nominees.
• Democrats in Minnesota Now Pushing for Ban on Gas-Powered Lawnmowers and Chainsaws.
• Biden Gives Power to Susan Rice for Sweeping “Racial Equity” Makeover of the Federal Government: “Agency Equity Teams” to Be Established to Run All Departments, Reeducate Workers.
• House Republicans Launch Investigation of Biden’s Disastrous Withdrawal from Afghanistan.
• Pete Buttigieg Gets Bad News from Congressman Regarding His Handling of Ohio Crisis.
  

The Epoch Times:

• China’s Economy Stepping into a Downward Spiral with Two Major Risks: Analysis.

Twitter:

• @TheMarieOakes - People in Ontario, Canada are posting videos online stating that they believe that the contamination seen in East Palestine, Ohio have spread to Canada. (video) Another video from Northern Ontario, Canada shows more rainbow hues on an outdoor grill that the poster believes could be from East Palestine, Ohio. (video) Another video showing rainbow hues on a car from Cornwall, Ontario, Canada that the poster believes could be from East Palestine, Ohio. (video)
• @Xx17965797N - GREEN - These Trucks are in the Congo, loaded with Cobalt, copper, nickel, tin & manganese, needed for manufacturing EV batteries & electronics. The border queue is 20 miles and takes a week. (video) Central Bank Digital Currency will be programmable… ultimately giving the issuer (government) control over *how it is spent by the recipient*… your freedom to purchase fuel, meat, flights, fertiliser… will be limited to a carbon credit score. (video)
• @rawsalerts - #BREAKING: The city of Oakland is experiencing a massive power outage.
• @BernardKerik - Kavanuagh Rape Accuser Confesses She Lied, Was Never Raped, Never Even Met The Man – The Beltway Report.
• @Mayhem4Markets - Fundamentals will eventually matter, particularly as the earnings recession worsens. (graph)
• @Risemelbourne - Newcastle "Smart Cities" are on the the way... With Cameras on every corner, Digital ID, Digital Dollar and "15 Minute" city perimeters, what could possibly go wrong. You'll own nothing, be watched like a hawk, broke and happy... (video)
• @stkirsch - I predict NFL Players’ Association is NOT going to do this. NOBODY in NFL wants to know that they can’t play.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 936,483 Reports(+1,783 from prior week) Through February 10th, 2023. 

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.