Bear Radar

Style Underperformer:

• Large-Cap Value +.1%
  

Sector Underperformers:

• 1) Energy -1.4% 2) Healthcare Providers -1.2% 3) Telecom -.6%

Stocks Falling on Unusual Volume: 

• HEI/A, PBR, DK, LYTS, BMRN, AVTA, ZETA, ALC, SGRY, BNS, EHC, OVV, DAR, TCPC, DISH, ACHC, EBS, UHS, AMRC, NCLH, TASK, NFE, NEWT, EVER, TWI, TPIC, OMI and AHCO
  

Stocks With Unusual Put Option Activity:

• 1) INVH 2) NRG 3) NATI 4) HPQ 5) DISH
  

Stocks With Most Negative News Mentions:

• 1) DISH 2) AHCO 3) NCLH 4) CVEO 5) APTX
  

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +.9%

Sector Outperformers:

• Steel +1.6% 2) Gambling +1.6% 3) Gold & Silver +1.2%

Stocks Rising on Unusual Volume:

• PGNY, KTB, HIMS, CDNA, FOUR, RVMD, SKIN, ACAD, XRAY, RDNT, UVE, SKYT, PRIM, INSW, DUOL, KNTK, RELY, CIEN, TWLO, RETA, AAP, GRBK, ROCC and TGT
  

Stocks With Unusual Call Option Activity:

• 1) MRNS 2) RITM 3) NOV 4) WWE 5) CLNE

Stocks With Most Positive News Mentions:

• 1) CHS 2) VTNR 3) FOUR 4) HIMS 5) HY
  

Charts:

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

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

Earnings of Note 
Company/Estimate 

Before the Open: 

• (ANF)/.86
• (DLTR)/2.00
• (DCI)/.68
• (DY)/.14
• (FSS)/.56
• (HGV)/.77
• (JACK)/1.74
• (KSS)/.97
• (LOW)/2.21
• (RY)/2.93
• (TUP)/.29
• (WB)/.53
• (WEN)/.21
  

After the Close:

• (BOX)/.34
• (JAZZ)/1.12
• (OKTA)/.09
• (PLUG)/-.25
• (MDRX)/.28
• (AAN)/.01
• (SNOW)/.05
  
• (CRM)/1.36
• (SPLK)/1.15

Economic Releases 

10:00 am EST

• Construction Spending MoM for Jan. is estimated to rise +.2% versus a -.4% decline in Dec.
• ISM Manufacturing for Feb. is estimated to rise to 48.0 versus 47.4 in Dec.
• ISM Prices Paid for Feb. is estimated to rise to 45.0 versus 44.5 in Dec.
  

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory  gain of +1,351,570 barrels versus a +7,647,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -207,140 barrels versus a -1,856,000 barrel decline the prior week. Distillate inventories are estimated to fall by -68,140 barrels versus a +2,698,000 barrel gain the prior week.  Finally, Refinery Utilization is estimated to fall by -.14% versus a -.6% decline prior.
  

Afternoon

• Wards Total Vehicle Sales for Feb. is estimated to fall to 14.7M versus 15.74M in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Kashkari speaking, China Services PMI report, weekly MBA mortgage applications report, (TSLA) investor day, Bernstein Tech/Media/Telecom/Consumer Conference, Citi Healthcare Services/Medtech/Tools/HCIT Conference and the BofA Ag/Materials Conference could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

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

Earnings of Note 
Company/Estimate 

Before the Open:

• (SIG)/1.49
• (TTC)/1.52

After the Close: 

• (DOCU)/.56
• (MTN)/8.81
  

Economic Releases  

8:30 am EST

• Initial Jobless Claims for last week are estimated to rise to 235K versus 232K the prior week.
• Continuing Claims are estimated to rise to 1802K versus 1795K prior.
  

10:00 am EST

• Wholesale Trade Sales MoM for April is estimated to rise +.2% versus a +.4% gain in March.

12:00 pm EST

• Household Change in Net Worth for 1Q.
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The Eurozone GDP report, weekly EIA natural gas inventory report, (TD) investor day and the (PYPL) management meeting could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -7.3% Below 100-Day Average 
• 5 Sectors Declining, 6 Sectors Rising
• 61.3% of Issues Advancing, 35.2% Declining
• 53 New 52-Week Highs, 23 New Lows
• 54.3%(+.8%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 41.0 -1.0
  
• Bloomberg Global Risk-On/Risk-Off Index 62.8 +.1%
  
• Russell 1000: Growth/Value 14,894.6 -.02%
  
• Vix 20.4 -2.5%
• Total Put/Call .95 -7.8%
• TRIN/Arms 1.02 -28.2%
  

Tuesday Watch

Night Trading 

• Asian equity indices are unch. to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 115.5 -3.25 basis points. 

• China Sovereign CDS 70.0 -1.75 basis points. 
• China Iron Ore Spot 123.0 USD/Metric Tonne +1.0%.

• Bloomberg Emerging Markets Currency Index 47.5 -.01%.
• Bloomberg Global Risk-On/Risk Off Index  62.9 +.3%. 
• Bloomberg US Financial Conditions Index .17 -2.0 basis points.
  
• Volatility Index(VIX) futures 21.2 -.52%.
• Euro Stoxx 50 futures +.19%.

• S&P 500 futures +.20%.

• NASDAQ 100 futures +.33%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by tech and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.