Monday, February 05, 2024

Bear Radar

Style Underperformer:

  • Small-Cap Value -1.1%
Sector Underperformers:
  • 1) Alt Energy -4.0% 2) Airlines -1.9% 3) Gold & Silver -1.9%
Stocks Falling on Unusual Volume: 
  • CHTR, MCD, ADM, TREX, GFS, DOCU, PLRX, ZS, IRBT, JKS, QLYS, APD and SGML
Stocks With Unusual Put Option Activity:
  • 1) IBB 2) VLY 3) XLRE 4) NAT 5) CAT
Stocks With Most Negative News Mentions:
  • 1) NVTA 2) APD 3) QLYS 4) NAT 5) ZS
Charts:

Bull Radar

Style Outperformer:

  • Large-Cap Growth +.1%
Sector Outperformers:
  • 1) Disk Drives +2.2% 2) Pharma +1.8% 3) Semis +1.3%
Stocks Rising on Unusual Volume:
  • FDMT, MOR, EVBG, BOWL, MSSC, SMCI, EL, GCT, DWAC, SPHR, ON, CTLT, ARGX, SWTX, MGNX, IDXX, ELAN, SLNO, LLY, ATXS, AMG, HPK, BABA, MORF, NVO, HPK and ARM
Stocks With Unusual Call Option Activity:
  • 1) CARR 2) TSLL 3) EL 4) MOR 5) GEN
Stocks With Most Positive News Mentions:
  • 1) NSSC 2) FDMT 3) EL 4) ON 5) CNA

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AGCO)/4.02
  • (ARCB)/2.22
  • (CMI)/4.45
  • (DD)/.85
  • (LLY)/2.30
  • (ENR)/.57
  • (FI)/2.15
  • (IT)/2.83
  • (HTZ)/-.04
  • (J)/1.56
  • (LEA)/3.12
  • (SPR)/-.35
  • (SPOT)/-.37
  • (UBS)/.09
  • (WAT)/3.55
After the Close: 
  • (AB)/.63
  • (DOX)/1.56
  • (AMGN)/4.59
  • (CSL)/3.55
  • (CAVA)/.00
  • (CMG)/9.71
  • (CRUS)/2.01
  • (CTSH)/1.04
  • (ELF)/.57
  • (EW)/.64
  • (F)/.12
  • (FTNT)/.43
  • (GILD)/1.76
  • (HRB)/-1.56
  • (MSTR)/-.64
  • (NBR)/-1.15
  • (PAAS)/.13
  • (PRU)/2.61
  • (QGEN)/.55
  • (SNAP)/-.17
  • (VFC)/.77
  • (WERN)/.44
  • (YUMC)/.16
  • (CARR)/.51
Economic Releases
  • None of note

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Harker speaking, Fed's Collins speaking, Fed's Mester speaking, EIA Short-Term Energy Outlook, API Weekly Crude Oil Stock report, 3Y T-Note auction, weekly US retail sales reports, IBD/TIPP Economic Optimism Index, (BEN) annual meeting, (DLB) annual meeting and the (ROK) annual meeting 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 +8.5% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 9.1 +.8
  • 8 Sectors Declining, 3 Sectors Rising
  • 13.6% of Issues Advancing, 84.9% Declining 
  • TRIN/Arms .97 unch.
  • Non-Block Money Flow -$319.0M
  • 54 New 52-Week Highs, 70 New Lows
  • 56.9%(4.4%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 59.0 -3.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 60.7 +4.7%
  • Bloomberg Cyclicals/Defensives Pair Index 136.9 -.55%
  • Russell 1000: Growth/Value 19,430.9 +.8%
  • CNN Fear & Greed Index 73.0 (Greed) +6.0
  • 1-Day Vix 9.3 -24.4%
  • Vix 13.8 -.4%
  • Total Put/Call .95 -9.5%

Sunday, February 04, 2024

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
 Wall Street Journal:
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -1.0% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 100.25 -1.75 basis points.
  • China Sovereign CDS 64.0 -1.5 basis points.
  • China Iron Ore Spot 127.9 USD/Metric Tonne +1.3%.
  • Bloomberg Emerging Markets Currency Index 40.6 -.15%
  • Bloomberg Global Risk-On/Risk Off Index 59.4 +2.6%.
  • Volatility Index(VIX) futures 15.7 +.7%. 
  • Euro Stoxx 50 futures -.13%.
  • S&P 500 futures -.24%.
  • NASDAQ 100 futures -.27%.

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

Saturday, February 03, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:
Barron's:
  • Had bullish commentary on (TDG), (CHEF) and (FTAI).
  • Had bearish commentary on (BA).

CNBC:

Reuters:

MarketWatch.com:

NewsMax:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com: