Monday, October 09, 2023

Bear Radar

Style Underperformer:

  • Small-Cap Growth -.3%
Sector Underperformers:
  • 1) Alt Energy -3.1% 2) Airlines -3.0% 3) Disk Drives -1.3%
Stocks Falling on Unusual Volume: 
  • DDOG, HRL, MKC, NICE, INMD, MNDY, DAL, AAL, NUVL, MRTX, CAMT, MBLY, SEDG, TSEM, UAL, ALNY, AEHR, PERI, NEP and XPEV
Stocks With Unusual Put Option Activity:
  • 1) RILY 2) MDLZ 3) VFC 4) PACW 5) RF
Stocks With Most Negative News Mentions:
  • 1) EVA 2) CCL 3) LEVI 4) DDOG 5) LESL
Charts:

Bull Radar

Style Outperformer:

  • Small-Cap Value +.4%
Sector Outperformers:
  • 1) Oil Service +4.0% 2) Defense +3.9% 3) Energy +3.0%
Stocks Rising on Unusual Volume:
  • NOC, WW, LHX, GD, HII, KTOS, LMT, HASI, CNQ, OKTA, VET, MEOH, HNRG, DRS, RTX, ZS, IMO, PLTR, AVAV, DUOL, OXY, CAG, TS, XOM, PBR/A and FRO
Stocks With Unusual Call Option Activity:
  • 1) LMT 2) SHEL 3) XLC 4) CTRA 5) PXD
Stocks With Most Positive News Mentions:
  • 1) PRZO 2) PTEN 3) LMT 4) GD 5) ZS

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (NEOG)/.03
  • (PEP)/2.15
After the Close: 
  • (AZZ)/1.08
Economic Releases  

6:00 am EST:

  • The NFIB Small Business Optimism Index for Sept. is estimated to fall to 91.0 versus 91.3 in Aug.

10:00 am EST

  • Wholesale Trade Sales MoM for Aug. is estimated to rise +.4% versus a +.8% gain in July.

11:00 am EST

  • NY Fed 1-Year Inflation Expectations report.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Waller speaking, China CPI report, 3Y T-note auction, weekly US retail sales reports, Maxim Tech Conference, (HPQ) analyst meeting and the (ADBE) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

  • NYSE Volume Running -16.5% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 8.8 +.3
  • 6 Sectors Declining, 5 Sectors Rising
  • 51.0% of Issues Advancing, 46.7% Declining
  • 15 New 52-Week Highs, 77 New Lows
  • 33.9%(-.8%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 34.0 +8.0
  • Bloomberg Global Risk-On/Risk-Off Index 69.8 -3.1%
  • Russell 1000: Growth/Value 17,992.1 -.87%
  • 1-Day Vix 12.5 -18.9%
  • Vix 18.8 +7.5%
  • Total Put/Call .93 -5.1%
  • TRIN/Arms 1.13 +48.7%

Sunday, October 08, 2023

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal:
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 135.25 +.25 basis point.
  • China Sovereign CDS 87.5 +.5 basis point.
  • China Iron Ore Spot 115.3 USD/Metric Tonne +.4%.
  • Bloomberg Emerging Markets Currency Index 41.2 +.03%.
  • Bloomberg Global Risk-On/Risk Off Index 72.1 +.2%.
  • Bloomberg US Financial Conditions Index .11 -1.0 basis point. 
  • Volatility Index(VIX) futures 19.3 +4.5%. 
  • Euro Stoxx 50 futures -.31%.
  • S&P 500 futures -.70%.
  • NASDAQ 100 futures -.62%.

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

Saturday, October 07, 2023

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:
Barron's:
  • Had bullish commentary on (AGCO) and (BKNG).

CNBC:

Reuters:

MarketWatch.com:

Fox News:

TheGatewayPundit.com:

Twitter:
OpenVAERS:
SKirsch.com: