Monday, March 20, 2023

Morning Market Internals

NYSE Composite Index:

  • Volume Running +42.9% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 7.1 +4.4
  • 1 Sector Declining, 10 Sectors Rising
  • 72.7% of Issues Advancing, 24.5% Declining
  • 8 New 52-Week Highs, 57 New Lows
  • 38.1%(+4.8%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 37.0 +8.0
  • Bloomberg Global Risk-On/Risk-Off Index 41.9 -.9%
  • Russell 1000: Growth/Value 15,811.1 -1.16%
  • Vix 25.1 -1.6%
  • Total Put/Call .78 -22.8%
  • TRIN/Arms .94 -50.3%

Sunday, March 19, 2023

Monday Watch

Today's Headlines

Bloomberg:                     
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge:    
MarketWatch.com:  
NewsMax:
TheGatewayPundit.com: 
Twitter:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 137.0 +2.0 basis points.
  • China Sovereign CDS 76.0 unch.
  • China Iron Ore Spot 129.50 USD/Metric Tonne -1.0%
  • Bloomberg Emerging Markets Currency Index 47.2 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 42.2 +.1%.
  • Bloomberg US Financial Conditions Index -1.11 -15.0 basis points. 
  • Volatility Index(VIX) futures 25.3 -3.2%. 
  • Euro Stoxx 50 futures +1.1%.
  • S&P 500 futures +.73%.
  • NASDAQ 100 futures +.59%.

BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and consumer shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 50% net long heading into the week.

Saturday, March 18, 2023

Today's Headlines

Bloomberg:

Barron's:
  • Had bullish commentary on (GEHC), (HBAN), (BAC), (JPM), (FITB), (KEY), (MTB), (PNC), (RF) and (USB).

Fox News:

CNBC:
Zero Hedge:
MarketWatch.com:       
NewsMax:
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com:

Friday, March 17, 2023

Evening Headlines

Bloomberg:
Wall Street Journal: 

Fox News:

CNBC:
Zero Hedge:
MarketWatch.com:       
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com: