Monday, November 13, 2023

Bear Radar

Style Underperformer:

  • Mid-Cap Value -.2%
Sector Underperformers:
  • 1) Utilities -1.1% 2) REITs -.8% 3) Disk Drives -.8%
Stocks Falling on Unusual Volume: 
  • TSN, AX, LTHM, NABL and RILY
Stocks With Unusual Put Option Activity:
  • 1) APLD 2) BAX 3) TAN 4) ARMK 5) RILY
Stocks With Most Negative News Mentions:
  • 1) FTCH 2) PCT 3) MPW 4) TSN 5) GCT
Charts:

Bull Radar

Style Outperformer:

  • Mid-Cap Growth +.2%
Sector Outperformers:
  • 1) Medical Equipment +2.6% 2) Defense +1.5% 3) Digital Health +1.4%
Stocks Rising on Unusual Volume:
  • PEN, METC, FTRE, STNE, MNDY, ARVN, DVA, HSIC, SQM, SWAV, NARI, FLYW, BA, U, WRBY, SIBN, BAX, EWCZ, CWAN and COLL
Stocks With Unusual Call Option Activity:
  • 1) BAX 2) RILY 3) IHI 4) BBWI 5) ARMK
Stocks With Most Positive News Mentions:
  • 1) PEN 2) MNDY 3) STNE 4) SNDL 5) RLX

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ARMK)/.64
  • (CSIQ)/.82
  • (ENR)/1.13
  • (HD)/3.75
  • (ONON)/.14
  • (SBH)/.46
  • (SE)/.12
  • (VIPS)/2.87
After the Close: 
  • (ALC)/.66
Economic Releases

6:00 am EST

  • The NFIB Small Business Optimism Index for Oct. is estimated to fall to 90.5 versus 90.8 in Sept.

8:30 am EST

  • The CPI MoM for Oct. is estimated to rise +.1% versus a +.4% gain in Sept.
  • The CPI Ex Food and Energy MoM for Oct. is estimated to rise +.3% versus a +.3% gain in Sept.
  • Real Average Weekly Earnings YoY for Oct.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Jefferson speaking, Fed's Goolsbee speaking, Fed's Williams speaking, Fed's Barr speaking, IEA Monthly report, weekly US retail sales reports, API weekly crude oil inventory report, Stephens Investment Conference, Needham Security/Networking/Communications Conference, (BJRI) investor day, (DKNG) investor day and the RBC Capital Markets Tech/Internet/Media/Telecom Conference, Roth Capital Tech Conference, Wolfe Healthcare Conference and the Jefferies 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:

  • Volume Running -13.9% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 9.6 +.1
  • 4 Sectors Declining, 7 Sectors Rising
  • 49.6% of Issues Advancing, 47.4% Declining 
  • TRIN/Arms .97 -5.8% 
  • Non-Block Money Flow -$98.3M
  • 40 New 52-Week Highs, 58 New Lows
  • 34.3%(+1.6%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 55.0 +5.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 66.3 +.1%
  • Russell 1000: Growth/Value 18,745.0 -.05%
  • 1-Day Vix 12.0 -1.2%
  • Vix 14.7 +4.0%
  • Total Put/Call 1.07 +2.9%

Sunday, November 12, 2023

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal:
CNBC:
TheGatewayPundit.com:
X:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 115.5 -1.0 basis point.
  • China Sovereign CDS 71.5 -1.75 basis points.
  • China Iron Ore Spot 127.9 USD/Metric Tonne +.8%.
  • Bloomberg Emerging Markets Currency Index 41.5 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 68.8 +4.1%.
  • Bloomberg US Financial Conditions Index .18 -1.0 basis point. 
  • Volatility Index(VIX) futures 16.3 +1.7%. 
  • Euro Stoxx 50 futures +.31%.
  • S&P 500 futures -.31%.
  • NASDAQ 100 futures -.33%.

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

Saturday, November 11, 2023

Today's Headlines

Bloomberg:

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

CNBC:

Reuters:

MarketWatch.com:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com: