Monday, April 01, 2024

Bear Radar

Style Underperformer:

  • Small-Cap Value -1.1%
Sector Underperformers:
  • 1) Regional Banks -1.9% 2) Telecom -1.6% 3) Digital Health -1.6%
Stocks Falling on Unusual Volume: 
  • BNS, NAMS, TH, MODV, TM, CSAN, DOCS, INO, ONB, OLLI, ANAB, IMNM, GME, WSC, NCNO, IDCC, TBBB, WBA, DJT and IRON
Stocks With Unusual Put Option Activity:
  • 1) ITB 2) ANVS 3) ARQT 4) MTTR 5) EH
Stocks With Most Negative News Mentions:
  • 1) EBIXQ 2) TRVN 3) NOVA 4) DOCS 5) BLUE
Sector ETFs With Most Negative Money Flow:
  • 1) SOXX 2) XLV 3) XLE 4) PTF 5) XLI

Bull Radar

Style Outperformer:

  • Large-Cap Growth -.3%
Sector Outperformers:
  • 1) Gambling +1.4% 2) Computer Hardware +1.3% 3) Oil Service +1.2%
Stocks Rising on Unusual Volume:
  • SMXT, VYGR, GCT, ZIMV, SGML, TCOM, CCJ, CC, SMTC, MU, LPG, WDC, AVBP, GES, MMM, MP, MUX, WYNN, NNOX, DELL, BOOT, VST, TSM, SA, ATAT, DRQ, EAT and HRTG
Stocks With Unusual Call Option Activity:
  • 1) MCHI 2) GLYC 3) EVLV 4) GES 5) ITB
Stocks With Most Positive News Mentions:
  • 1) MU 2) SMTC 3) DOMO 4) JFBR 5) GES
Sector ETFs With Most Positive Money Flow:
  • 1) XLC 2) VGT 3) FENY 4) XME 5)FCOM
Charts:

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (PAYX)/1.37
After the Close: 
  • (CALM)/2.45
  • (PLAY)/1.10
Economic Releases
10:00 am EST
  • JOLTS Job Openings for Feb. is estimated to fall to 8770K versus 8863K in Jan. 
  • Factory Orders for Feb. is estimated to rise +1.0% versus a -3.6% decline in Jan.
  • Final Durable Goods readings for Feb.

Afternoon

  • Wards Total Vehicle Sales for March is estimated to rise to 15.9M versus 15.81M in Feb.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Bowman speaking, Fed's Williams speaking, Fed's Mester speaking, Fed's Daly speaking, weekly US retail sales reports, API weekly crude oil stock report, JPMorgan Retail Round Up Conference, (INTC) business udpate and the (VSH) investor day 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 -14.6% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 10.6 -.1
  • 9 Sectors Declining, 2 Sectors Rising
  • 31.6% of Issues Advancing, 66.8% Declining 
  • TRIN/Arms .76 -3.8%
  • Non-Block Money Flow -$173.7M
  • 151 New 52-Week Highs, 19 New Lows
  • 64.3% (-1.8%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 65.0 -6.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 66.9 -.8%
  • Bloomberg Cyclicals/Defensives Pair Index 143.8 +.5%
  • Russell 1000: Growth/Value 18,854.9 +.2%
  • CNN Fear & Greed Index 72.0 (Greed) +1.0
  • 1-Day Vix 8.0 -23.2%
  • Vix 14.0 +7.5%
  • Total Put/Call .93 -23.8%

Sunday, March 31, 2024

Monday Watch

Today's Headlines

Bloomberg:  
Zero Hedge:

Wall Street Journal:

TheGatewayPundit.com:
The Epoch Times:
X:
  • @WideAwakeMedia
  • "There will be control." European Central Bank president, Christine Lagarde, admits the EU's new CBDC—the digital euro—will be used to exert control. EU citizens already face imprisonment or fines for engaging in cash transactions above €1000, but the introduction of the digital euro will enable financial totalitarianism on an industrial scale. (video)
  • @SpeakerPelosi
  • @KobeissiLetter
  • @WallStreetApes
  • @BRICSinfo
  • @rawsalerts
  • @SaltyGoat17
  • @MarioNawfal
  • @LibsofTiktok
  • @againstgrmrs
  • There is no need for Transgender Day of Visibility. We think the “LGBTQIA+” community has just about enough days as it is… and quite frankly, those aren’t needed either. What happened to wanting to integrate into society? This isn’t how you do it. (video)
  • @TheQuartering
  • @PeterSweden7
  • @JamesMelville
OpenVAERS: 
SKirsch.com:
Night Trading
  • Asian indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 102.5 -.25 basis point.
  • China Sovereign CDS 71.0 unch.
  • China Iron Ore Spot 99.3 USD/Metric Tonne -.8%.
  • Bloomberg Emerging Markets Currency Index 39.6 +.03%
  • Bloomberg Global Risk-On/Risk Off Index 67.8 +.6%.
  • Volatility Index(VIX) futures 15.4 -.44%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.40%.
  • NASDAQ 100 futures +.70%.

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 100% net long heading into the week.

Saturday, March 30, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:  
Barron's:
  • Had bullish commentary on (HSY), (VST), (TLNE) and (CEG).

CNBC:

Fox News:

TheGatewayPundit.com:

  • @BGatesIsaPsycho
  • @TheChiefNerd
  • @ConceptualJames
  • @DonaldJTrumpJr
  • @StillGray
  • @MarioNawfal
  • BIDEN RENAMES EASTER SUNDAY “TRANSGENDER DAY OF VISIBILITY”. “NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim March 31, 2024, as Transgender Day of Visibility.” (pic)
  • @wideawake_media
  • @WallStreetApes
  • @WallStreetSilv
  • @VigilantFox
  • @LaraLogan
  • @TonyClimate
  • @IGSquawk 
OpenVAERS:
SKirsch.com: