Monday, November 06, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (APD)/3.11
  • (BLUE)/-.67
  • (BCO)/1.79
  • (CHH)/1.85
  • (CNHI)/.43
  • (DHI)/3.94
  • (DDOG)/.34
  • (EMR)/1.31
  • (EXPD)/1.28
  • (HAIN)/-.06
  • (PLNT)/.55
  • (SAGE)/-2.68
  • (UBER)/.07
  • (WAT)/2.55
  • (ZBH)/1.60
After the Close: 
  • (AKAM)/1.50
  • (ANDE)/.62
  • (CARG)/.26
  • (CAVA)/-.01
  • (DVA)/2.01
  • (DVN)/1.56
  • (EBAY)/1.00
  • (GILD)/1.92
  • (HRB)/-1.12
  • (IAC)/-.64
  • (JKHY)/1.32
  • (MOS)/.75
  • (OXY)/.88
  • (PETQ)/.02
  • (HOOD)/-.10
  • (TOST)/.04
Economic Releases

8:30 am EST

  • The Trade Balance for Sept. is estimated to widen to $59.8B versus -$58.3B in Aug.

3:00 pm EST

  • Consumer Credit for Sept. is estimated at $9.5B versus -$15.62B in Aug.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Williams speaking, Fed's Weller speaking, Fed's Barr speaking, Fed's Logan speaking, 3Y T-Note auction, weekly US retail sales reports, API Weekly Crude Oil Stock, IBD/TIPP Economic Optimism Index, EIA Short-Term Energy Outlook, Baird Industrials Conference, (STRA) investor day, (LRCX) annual meeting and the Truist Healthcare Conference 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 -7.6% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 8.2 +.7
  • 8 Sectors Declining, 3 Sectors Rising
  • 22.7% of Issues Advancing, 75.0% Declining
  • 32 New 52-Week Highs, 17 New Lows
  • 35.8%(-3.8%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 56.0 -2.0
  • Bloomberg Global Risk-On/Risk-Off Index 65.5 +1.0%
  • Russell 1000: Growth/Value 18,152.2 +.7%
  • 1-Day Vix 10.3 -22.7%
  • Vix 15.2 +2.2%
  • Total Put/Call 1.04 +14.3%
  • TRIN/Arms 1.31 +7.4%

Sunday, November 05, 2023

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal:
CNBC:
MarketWatch.com:
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are +.75% to +1.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 124.25 -3.5 basis points.
  • China Sovereign CDS 82.5 -3.0 basis points.
  • China Iron Ore Spot 123.7 USD/Metric Tonne +.6%.
  • Bloomberg Emerging Markets Currency Index 41.77 +.15%.
  • Bloomberg Global Risk-On/Risk Off Index 65.5 +.9%.
  • Bloomberg US Financial Conditions Index .03 +1.0 basis point. 
  • Volatility Index(VIX) futures 16.9 -.07%. 
  • Euro Stoxx 50 futures -.07%.
  • S&P 500 futures +.01%.
  • NASDAQ 100 futures unch.

BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology 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.

Saturday, November 04, 2023

Today's Headlines

Bloomberg:

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

CNBC:

MarketWatch.com:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com:

Friday, November 03, 2023

Evening Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:

CNBC:

MarketWatch.com:

Fox News:

TheGatewayPundit.com:

Epoch Times:

OpenVAERS:
SKirsch.com: