Monday, February 12, 2024

Bull Radar

Style Outperformer:

  • Small-Cap Value +2.2%
Sector Outperformers:
  • 1) Alt Energy +4.4% 2) Regional Banks +2.8% 3) Networking +2.7%
Stocks Rising on Unusual Volume:
  • CBAY, ARM, IGMS, AMSC, VFC, VIAV, BEAM, CLSK, MARA, MDGL, SBGI, GOOS, FANG, NTGR, MSTR, AI, RIOT, TEVA, OI, FVRR, GCT, NOVA, HPK, UPST, ENPH, MHK, VERV, SNAP, PCTY, IONQ, ABNB, YETI, SBOW, DOCS, SAH, PR, CMRE, SAH, AAOI, CENTA, TWST, HELE, TRMB, TOL, ACMR, EXPE, FSLY, ZI, TTD, FSLR, TOST, PETQ, CPNG, MC, GOLF, ASPN, BHF, HOOD and GNRC
Stocks With Unusual Call Option Activity:
  • 1) LSCC 2) TEVA 3) MAT 4) FROG 5) EXPE
Stocks With Most Positive News Mentions:
  • 1) TTOO 2) VFC 3) VIAV 4) SOL 5) CASS

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AN)/4.89
  • (BIIB)/3.18
  • (KO)/.49
  • (DDOG)/.43
  • (HAS)/.66
  • (HE)/.49
  • (HRI)/3.46
  • (DNUT)/.13
  • (MAR)/2.12
  • (TAP)/1.12
  • (MCO)/2.33
  • (ZTS)/1.32
After the Close: 
  • (ABNB)/.65
  • (AKAM)/1.60
  • (AIG)/1.64
  • (DVA)/1.63
  • (IAC)/-.18
  • (CART)/-.07
  • (LYFT)/.08
  • (MGM)/.71
  • (PAAS)/.11
  • (QDEL)/2.04
  • (HOOD)/-.01
  • (UPST)/-.11
  • (ZG)/.11
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for Jan. is estimated to rise to 92.1 versus 91.9 in Dec.

8:30 am EST

  • The CPI MoM for Jan. is estimated to rise +.2% versus a +.2% gain in Dec.
  • The CPI Ex Food and Energy MoM for Jan. is estimated to rise +.3% versus a +.3% gain in Dec.
  • Real Avg. Weekly Earnings YoY for Jan.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The weekly US retail sales reports, (FICO) annual meeting, (CENT) annual meeting, Wolfe Research Semi Conference, TD Cowen Aerospace Defense Conference, American Academy of Orthopedic Surgeons Conference and the Stifel Transport and Logistics 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 +2.4% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 11.1 -1.7
  • 1 Sector Declining, 10 Sectors Rising
  • 78.4% of Issues Advancing, 19.8% Declining 
  • TRIN/Arms .70 -56.5%
  • Non-Block Money Flow +$165.8M
  • 205 New 52-Week Highs, 8 New Lows
  • 62.6% (+3.9%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 70.0 +6.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 60.4 -2.1%
  • Bloomberg Cyclicals/Defensives Pair Index 140.5 +.5%
  • Russell 1000: Growth/Value 19,633.3 -.51%
  • CNN Fear & Greed Index 79.0 (Extreme Greed) +1.0
  • 1-Day Vix 10.2 -4.1%
  • Vix 13.6 +4.9%
  • Total Put/Call 1.19 +46.9%

Sunday, February 11, 2024

Monday Watch

X:

OpenVAERS: 
SKirsch.com:
Night Trading
  • Asian indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 100.25 unch.
  • China Sovereign CDS 64.75 +.75 basis point.
  • China Iron Ore Spot 127.1 USD/Metric Tonne +.4%.
  • Bloomberg Emerging Markets Currency Index 40.4 +.01%
  • Bloomberg Global Risk-On/Risk Off Index 61.7 -.05%.
  • Volatility Index(VIX) futures 14.7 unch. 
  • Euro Stoxx 50 futures unch.
  • S&P 500 futures -.02%.
  • NASDAQ 100 futures -.04%.

BOTTOM LINE: Asian indices are mostly higher, boosted by financial 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 100% net long heading into the week.

Saturday, February 10, 2024

Today's Headlines

Bloomberg:

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

CNBC:

Reuters:

MarketWatch.com:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com:

Friday, February 09, 2024

Evening Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:

CNBC:.

Reuters:

MarketWatch.com:

NewsMax:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com: