Bear Radar

Style Underperformer:

• Small-Cap Value -1.7%
  

Sector Underperformers:

• 1) Alt Energy -3.8% 2) Airlines -3.4% 3) Digital Health -2.4%

Stocks Falling on Unusual Volume: 

• DDOG, FTNT, APTV, ROKU, ABR, PCTY, EQH, PYCR, FND, INFA, OGN, APLS, BMBL, SFWL, APPN, ARLP, LMND, BILL, TH, AGL, ALB, SEDG, AYX, HGV, PARA, THS, TRUP, ALPN, TGLS, AMRC, SPHR, KRYS, OLMA, RILY, MLTX, ZNTL and SATS
  

Stocks With Unusual Put Option Activity:

• 1) HUYA 2) MAR 3) BMBL 4) LAZR 5) DISH
  

Stocks With Most Negative News Mentions:

• 1) DISH 2) SATS 3) MLTX 4) PCT 5) XXII
  

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value unch.
  

Sector Outperformers:

• 1) Electric Vehicles +2.5% 2) Pharma +1.2% 3) Restaurants +.3%

Stocks Rising on Unusual Volume:

• FRPT, CLDX, KNF, NARI and ALKT
  

Stocks With Unusual Call Option Activity:

• 1) NRG 2) PPC 3) CNK 4) FITB 5) VTNR

Stocks With Most Positive News Mentions:

• 1) NSSC 2) SWAG 3) FRPT 4) KNF 5) CLDX
  

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:

• (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%
  

Monday Watch

Today's Headlines

Bloomberg:

• Israel Latest: Military Intensifies Assault, Isolating Gaza City.
• Israel Says Hamas Is Using Hospitals to Conceal Military Activity.
• Bank of Korea May Keep Policy Tight Another Year, Ex-Member Says.
• South Korean Stocks Jump After Regulator Bans Short Selling.
• Pimco, JPMorgan Are Gearing Up for Long Winter in China Markets.
• Canon’s Advanced Chip Machines to Cost a Fraction of ASML’s Best.
• Asia Stocks Gain on Bullish Tailwind From US Rally: Markets Wrap.
• Oil Edges Higher After Saudis and Russians Reaffirm Supply Cuts.
• The Price of Money Is Going Up, and It’s Not Only Because of the Fed.
• Efforts to Bump Trump Off the 2024 Ballot Raise Fears of Election Chaos.
• Ackman Urges Suspensions at Harvard to Tackle Antisemitism.

Zero Hedge:

• "Positioning Has Shifted Dramatically": Goldman PB Stunned By Huge Reversal Below Market Surface.
• Kamala Harris' Stepdaughter Helps Raise $8M For Gaza While Mom's Admin Pushing Billions For Israel.
• Trump Campaign Fights For Place On Michigan Ballot.
• Netanyahu's 'Political Days Are Numbered': White House.
• Appeals Court Freezes Trump Gag Order Issued By Out-Of-Control Woke Judge.
• Tverberg: Today's Energy Bottleneck May Bring Down Major Governments.
• Blinken Tells Abbas He Asked Israel To Use 'Smaller Bombs' On Gaza.
• Democrats Rattled After NYT Poll Shows Trump Beating Biden In Majority Of Swing States.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Police Find No Evidence That Israel Supporter Attack UNC Muslim Student With Knife.
• US Rolls Out 50th Weapons Package For Ukraine.
• What A Fire!
• Gateway Project Rail Tunnel Between NY And NJ Breaks Ground After Decades Of Red Tape.
• FDA Responds After Being Urged To Recall Pfizer's Vaccine Over DNA Fragments.
• Congress Sneaks In Stealth $34,000 Pay Raise; Gaetz, AOC Among More Than 200 Lawmakers To Benefit.
• The Bond Market's Bearish Message For Stocks.
• Turkey Recalls Ambassador To Israel, Holds Netanyahu Personally Responsible For Gaza Atrocities.
• 'Greenies' Are All About The Green.
• Chat GPT, CFA?
• Queers For Palestine: Identity Politics At Its Most Absurd.
• Armed Man Storms Hamburg Airport With 'Possible Explosives' As Hostage Situation On Tarmac Ongoing.
• Majority Support For Muslim Migration Ban As 3 In 4 Germans Say Newcomers Hate Western Society.
• TME Weekend: Duration has no friends until the data dumps.
• The Great Reset, Part 1: The Four Horsemen Of The Apocalypse.
• The World's Largest Biometric Digital ID System, India's Aadhaar, Just Suffered Its Biggest Ever Data Breach.
• "Allahu Akbar, Fu*k Joe Biden!": Enraged Pro-Palestinian Protesters Gather Outside White House.
• Don't Fall For Biden's Latest Talking Point.

Wall Street Journal:

• Why Stanford’s Leaders Tolerate Anti-Semitism. Recall how Marc Tessier-Lavigne was ousted as president after bucking leftist orthodoxies.
• Boycotting the Jews Reaches the West Bank of the Delaware. Philadelphia officials shrink from criticizing a boycott of restaurants owned by ‘Zionists.’
• Escalating Militia Attacks on U.S. Troops Risk Washington-Tehran Confrontation.
• Blinken Rushes to Reassure Arab Allies in Surprise Trips.
• Live Updates: Militants Fire Rockets Across Israel.
• U.S. and Israel Split Over Gaza Goals, Muddying Endgame.
• Breaking Down the Best Earnings Quarter in a Year.
• Tesla Raises Wages for German Workers Amid Union Pressure.
• The Fun Things in Life Are Giving Us Buyer’s Remorse.
• LGBT Issues Galvanize Democrats’ Push for School Board Control.
• Charles Schwab’s Rocky Year.
• Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening.

CNBC:

• Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, others.
• Washington Post appoints William Lewis as CEO; to reduce headcount by 10%.

Reuters:

• Japan service activity posts slowest growth this year - PMI.

MarketWatch.com:

• Saudi Arabia to extend 1 million-barrel-a-day oil production cut through December.
• AI could spark the next financial crisis, SEC Chair Gary Gensler says.
• The Dow ripped higher last week. Why doubters ‘don’t believe in this rebound.’

NewsMax:

• Netanyahu: No Gaza Cease-Fire Until Hostages Returned.
• Obama Links Hamas Attacks with ‘Unbearable’ Israeli Occupation.
• IDF: Hamas Using Kids as 'Human Shields,' Staging in Playgrounds.
• Graham, Blumenthal Pairing for Bipartisan Iran Warning.
• Iran: US 'Will be Hit Hard' If No Cease-Fire in Gaza.

 Fox News:

• Evidence shows how Hamas terrorists exploit hospitals as part of jihadi war machine.
• Americans are sticking weird stuff in weird places, according to the CDC.

TheGatewayPundit.com:

• Bill Ackman’s Brutal Letter to Harvard President “I Have Lost Confidence That You and the University Will Do What is Required”.
• NEW POLICE VIDEO RELEASED from the Slaughter of Innocents at Israeli Nova Dance Party by Hamas – Death Toll at Nova Concert Rises to Nearly 300 (VIDEO).
• “No Major Incidents Reported” – DC Police After Pro-Hamas Mob Attacks White House Gates, Defaces Statues, Damages Police Vehicles – Conservatives Respond.
• Bill Maher’ “Democrats Are Now the Ones Carrying the Tiki Torches” (Video).
• Group of Progressive Teachers in Washington Trying to Ban ‘To Kill a Mockingbird’ in Schools.
• Fetterman Takes Swipe at Newsom, Says He is Running For President But Doesn’t Have the ‘Guts’ To Announce.
• SHOCKING VIDEO: THOUSANDS of Angry Pro-Gaza Muslims Storm Incirlik US Base in Adana, Turkey – VIDEO.
• BRUTAL: ABC Panel Openly Discusses Throwing Biden in the Garbage and Replacing Him with Another Democrat After NYT Poll Shows Trump Landslide (VIDEO).
• APOCALYPTIC! Joe Biden’s Intentional Destruction of America: Cartels Cut Holes Through Border Wall, Hundreds of Illegals from Africa and Syria Rush In (VIDEO).
• Three Years Ago Today America Woke Up to a Stolen 2020 Presidential Election.
• Watch: Pro-Palestinian Protesters Breach US Military Supply Ship They Think Is Heading for Israel.
• Chicago Secretly Renews Contract with Covid Staffing Firm to Staff Migrant Shelters-Some Staff on Track to Make $800K Per Year.
• NYT Poll: Shifting Support Among Black Voters Spurs Trump’s Lead in Key Battleground States Ahead of 2024 Election.
• Killer Jab: Nearly a Quarter of Americans Say They Know Someone Who Died From COVID-19 Shot.
• VIDEO: Radical Pro-Palestinian Protestors Deface and Vandalize Statues in Washington DC – Spray Paint White House Fence.
• Major Shift in Western Propaganda on Ukraine.
• NATIONAL SUICIDE: Inside the Democrats’ Plan to Allow Non-Citizens to Vote. 
• TYPICAL: Obama Says ‘All of Us’ Are to Blame for the Conflict Unfolding in Gaza (VIDEO).
• House Speaker Mike Johnson on Securing the Border: ‘We’re Going to Force the Issue’ (VIDEO).

The Epoch Times:

• House Republican Raises Concerns about China’s Logistics Management Platform.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+1,488 from prior week) Through September 29th, 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.

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.

Morning Preview Links

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.

Today's Headlines

Bloomberg:

• Israel Latest: Arab Envoys Clash With Blinken on Cease-Fire.
• Gaza Evacuation Deal at Risk of Collapsing After Hamas Push-Back. 
• Climate Negotiators Reach Framework to Aid Vulnerable Countries.
• Cooling EV Sales Have Tesla, GM and Ford Rethinking Investments.
• Junk Debt Market Shrinks as Maturity Wall Looms: Credit Weekly.
• US Yields Dive After Jobs Data as Traders Move Up Rate-Cut Bets.
• Denver Migrant Shelters Swell As Cities Plead for More Federal Aid.
• S&P 500’s Rebound Is at Risk From a Souring US Earnings Outlook.
• Asset Rally, Tony Tea, Billionaire Moves: Saturday Asia Briefing.

Zero Hedge:

• New J6 Footage Shows Ray Epps Whispering To 'Baked Alaska': "We're Here To Storm The Capitol".
• Hartnett: "Imagine The Social Disorder When Unemployment Hits 5%; That's Why Policy Panic Comes In Early 2024".
• Election Group Slapped With RICO Says It Can Prove Trump Won Georgia In 2020.
• Musk Reveals New AI Chatbot, Kicks Off 'Counter LLM' Movement Against 'Woke' OpenAI.
• Game Over: US, European Officials Quietly Nudge Ukraine To Seek Peace.
• FBI = Following Biden's Instructions?
• No Country Has A "Right to Exist".
• America's Immigration Daydream Is Coming To An End.
• Mark Meadows Sued By Book Publisher After Testimony "Squarely Contradicts" 2020 Election Fraud Claims.
• Newsom Rewrites Pandemic History.
• Why Biden's Policies Are A Nightmare For Housing Affordability.
• Nearly 2 Billion People In The World Don't See Climate Change As A Threat.
• California Governor Wants To Spend $640,000 Each For 10,000 Mental Health Beds.
• Biden's SPR Election Gimmick Undercut National Security.
• These Are The Top Middle East Exports By Country.
• More Terror Suspects Reaching The US: Here Are 'Known Unknowns' Of The Biden Border Crisis.
• Severe Mental Illness: The Ignored Public Health Crisis.
• Real or fake Santa? 
• NAACP Rails Against Failing Maryland Schools: "African Americans Aren't Being Educated".
• The Meltdown Of The Old Order Foretells A New Crisis. 
• The Most Spoken Language In Every US State (Besides English & Spanish).

Wall Street Journal:

• How Farmers Are Teaching Old Tractors to Think for Themselves.
• U.S. and Israel Split Over Gaza Goals, Muddying Endgame.
• Blinken Presses for Humanitarian Pause.
• Government Jobs Are Doing Fine. Private hiring slows in October, but public hiring keeps on ticking. 
• The Earth Is Warming, but Is CO2 the Cause? Norway’s government commits a no-no by letting statisticians pose the most inconvenient question. 
• Sam Bankman-Fried and Crypto’s Broken Dreams.
• Migrants Are Flocking to the U.S. From All Over.

Barron's:

• Had bullish commentary on (VSTS) and (CVX).

CNBC:

• Sam Bankman-Fried faces 100+ years in prison. Experts weigh in on how much time he’ll actually get.
• Why San Francisco’s robotaxi rollout has been such a mess.

MarketWatch.com:

• Buffett’s Berkshire Hathaway cash pile hits record $157 bln with deals scarce.
• Here are 5 reasons why U.S. stocks will likely rally into the end of 2023, says one Wall Street veteran.
• Apple shows its ‘massive battleship’ is getting tougher to maneuver.

NewsMax: 

• US, Middle East Arab Leaders Disagree Over Calls for Gaza Cease-Fire.
• Erdogan: Post-War Gaza Must be Part of Sovereign Palestinian State.
• 'Significant' Pause Needed to Win Hostages' Release: US.

Fox News:

• Calls for violence against Jews rock DC amid massive pro-Palestinian protest.
• Obama calls for end of 'occupation,' security for Israel, state for Palestinians. 
• Superintendent slams state rules after male student knocks out girl's teeth in playoff game. 
• Depraved nurse arrested for murder of patients makes bone-chilling confession.

TheGatewayPundit.com:

• ‘My Jaw Literally Dropped’ — Young Black Voter STUNS Liberal CNN Hosts After He Reveals His Thoughts on Joe Biden and the 2024 Presidential Election (VIDEO).
• Laura Loomer Publicly Shames Chris Christie For Supporting The ‘Weaponization of Government and Election Interference Against President Trump,’ He Scurries Away [WATCH].
• Tens of Thousands of Pro-Palestinian Protestors March in DC (VIDEO).
• Palestinian Man in US Illegally Arrested in Houston For Plotting Attack on Jewish Community.
• Iranian Regime Launches Recruitment Campaign for Suicide Bomber Volunteers Willing to Hit Targets in Israel.
• One Day After Congress Fails to Censure Rashida Tlaib She Calls for the Elimination of Israel on Twitter.
• Joe Biden In Delaware For Another Vacation – He Has Spent Nearly 400 Days of His Presidency on Vacation without Visitor Logs (VIDEO).
• US State Department Unveils New Sweeping Sanctions Package Targeting Energy Production, Sanctions Evasion, and the Deadly ‘Lancet’ Drone.
• HERE WE GO: California Reinstates Mask Mandates — Bay Area Counties Implement Mandatory Face Coverings Through March.
• From Oregon to the Washington DC Gulag: 65-Year-Old Army Veteran and J6 Political Prisoner Reed Christensen Had Home Raided by FBI After He Was Blinded by Pepper Spray and Bumped into Police Officer on Jan.6 – Please Help Reed Below.
• Biden’s America: Democrat Jewish Congressman Cancels Town Hall Due to Security Concerns.
• Fauci Lied, People Died: French Study Is Latest to Find Hydroxychloroquine Is Associated with Lower COVID-19 Mortality Rates.
• HORROR: Biological Male Player Smacks Female in the Face with Ferocious Shot During High School Girls Field Hockey Match, Reportedly Knocking Her Teeth Out and Sending Her to the Hospital (VIDEO).
• Survivor of Mao’s China Warns America is on the Verge of Becoming a Communist State.
• REPORT: Democrats Quietly Lining Up to Replace Biden in 2024 if Necessary.
• Trump Appointee and Marine Corps Veteran Federico Klein Sentenced to Nearly 6 Years In Prison For Role in Capitol Riot.

Epoch Times:

• Chinese Company Buys Control of US Schools.

X:

• @VigilantFox - “The next pandemic is not a matter of if but when,” says WHO Director-General Tedros Adhanom Ghebreyesus. Not everyone complied — and that’s a problem, according to Tedros. So, he’s working on measures to ENSURE your compliance next time: Matthew Perry is not the only actor to die unexpectedly this year. There are at least 33 more: The COVID Shots Won't Be Talked About for the Next 10 Years but for the Next 100, Says Data Analyst.
• @CollinRugg - REPORT: Republican Speaker Mike Johnson will reportedly be releasing the January 6th surveillance footage that former Speaker Kevin McCarthy failed to do. The footage will reportedly be released to the Blaze. Rep. Anna Paulina confirmed the news. (video)
• @TaraBull808 - BREAKING: Sam Bankman-Fried found guilty on all charges, faces up to 115 years in prison. Should Democrats have to pay back all of SBF's stolen donations? (pic)
  
• @visegrad24 - New footage of the Hamas terrorist attack against the music festival.
  The terrorist were in control of the area for many hours and had time to look for survivors. (video) An Iranian proxy-group in Iraq announces it launched suicide drones toward Israel today. It’s the first air attack against Israel from Iraqi territory since Saddam.
• @C_Barraud - The US #Housing Market Has Become an Impossible Mess - Bloomberg. (graph)
• @RealSamFaddis - Hezbollah operatives are provided with full sets of false identity documents by the government of Venezuela. Every Venezuelan you let in is potentially a member of Hezbollah.
• @rawsalerts -  #BREAKING: Pro-Palestinian protesters are now climbing up the on the White house fence as they throw objects at the Secret Service. (video)
  
• @MrAndyNgo - One of the people who accosted a Jewish student and blocked him from walking freely on campus has been identified as Ibrahim Bharmal, the editor of the Harvard Law Review at @Harvard_Law. Many law programs have been taken over by far-left ideologues. (video)
• @BillMelugin_ - NEW: Border Patrol unknowingly released an African terrorism suspect into the U.S. after he was caught crossing illegally into AZ on 10/3. One week later, on 10/10, HSI notified ICE that he was wanted in Senegal for “terroristic activities”. ICE then arrested him in NYC on 10/17.
• @unusal_whales - BREAKING: Business bankruptcies in the US rose 30% percent, in the twelve-month period ending Sept. 30, 2023, per the US Courts.
• @IGSquawk - Weekend markets update: #DAX 14614 -0.06% #DOW 32355 -0.11% #NASDAQ 14143 -0.30% #FTSE 7269 +0.00% #HANGSENG 17195 0.00% #GBPUSD 12122.2 +0.07% #EURUSD 10564.4 -0.03% #USDJPY 14965.7 +0.05%.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+1,488 from prior week) Through September 29th, 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.