Bear Radar

Style Underperformer:

• Small-Cap Growth -3.7%
  

Sector Underperformers:

• 1) Semis -5.8% 2) Oil Service -5.4% 3) Gambling -4.7%

Stocks Falling on Unusual Volume: 

• SHAK, WDC, VRT, PINS, C, OMF, AXP, CDNS, SGH, MRNA, CCJ, WOLF, CLS, ACLS, LRCX, CLMT, CFLT, BKNG, ASML, BFH, KLAC, ALB, MCHP, APO, RGA, JBL, DKNG, COHR, IRTC, WSC, AMZN, SNPS, CIVI, PRU, SEM, SMFG, MP, BZH, FORM, LNC, NXT, HTGC, ZIMV, BECN, TROX, CC, AL, OLED, TWST, TEAM, PCOR, GTLS, XPOF, OEC, INTC and TPC
  

Stocks With Unusual Put Option Activity:

• 1) AEM 2) IGV 3) CHPT 4) CFG 5) UNP
  

Stocks With Most Negative News Mentions:

• 1) CRWD 2) SNAP 3) INTC 4) AMZN 5) MU
  

Sector ETFs With Most Negative Money Flow:

• 1) XLE 2) KRE 3) AIQ 4) XLI 5) XLY

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value -1.9%
  

Sector Outperformers:

• 1) Restaurants +.4% 2) Foods +.3% 3) Utilities +.1%

Stocks Rising on Unusual Volume:

• TNDM, IAS, RKT, RARE, FDP, BFAM, MELI, TWLO, FLYW, GDYN, SAVA, DASH, RYAN, NET, DJT, CLX, INSP, MMSI, CNK, EZPW, MKTX, OHI, CBOE, BUD, PSA, PFSI, REG, ELS, CPT, AMH, ABR and ALAB
  

Stocks With Unusual Call Option Activity:

• 1) AHCO 2) KVUE 3) BITI 4) OIH 5) GPN

Stocks With Most Positive News Mentions:

• 1) TNDM 2) NET 3) FLYW 4) DASH 5) TWLO
  

Sector ETFs With Most Positive Money Flow:

• 1) XLU 2) XLK 3) XLV 4) SOXX 5) XLC
  

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

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

Earnings of Note 
Company/Estimate 

Before the Open:

• (BNTX)/-2.02
• (CG)/.83
• (FRPT)/-.04
• (KRYS)/.74
• (SAH)/1.38
• (THS)/.13
• (TSN)/.57
  

After the Close: 

• (CAR)/2.49
• (BCC)/2.68
• (CHGG)/.23
• (CSX)/.48
• (FANG)/4.50
• (SPG)/2.95
• (SUM)/.61
• (VNO)/.54
• (WMB)/.38
• (YUMC)/.47
  

Economic Releases

10:00 am EST

• ISM Services Index for July is estimated to rise to 51.0 versus 48.8 in June.
• ISM Prices Paid for July.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Daly speaking, Senior Bank Loan Officer Survey and the KeyBanc Tech Leadership Forum 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 +55.8% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 8.7 -3.1
  
• 11 Sectors Declining, 0 Sectors Rising
• 17.6% of Issues Advancing, 81.2% Declining 
• TRIN/Arms 1.72 +17.8%
  
• Non-Block Money Flow +$528.6M
  
• 134 New 52-Week Highs, 113 New Lows
• 55.0% (-11.2%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 42.0 -13
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 35.5 -25.9%
• Bloomberg Cyclicals/Defensives Index 222.3 -3.0%
  
• Russell 1000: Growth/Value 19,406.8 +.15%
• CNN Fear & Greed Index 26.0 (FEAR) -13.0
  
• 1-Day Vix 27.9 +14.3%
  
• Vix 26.0 +40.0%
  
• Total Put/Call 1.16 +27.5%

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

Earnings of Note 
Company/Estimate 

Before the Open:

• (ARCB)/2.07
• (BERY)/2.07
• (CBOE)2.10
• (CVX)/2.93
• (CHD)/.84
• (XOM).2,02
• (FLR)/.67
• (LYB)/2.23
• (MGA)/1.44
• (PRGO)/.46
• (PPL)/.33
• (AES)/.36
• (SRCL)/.55
  

After the Close: 

• None of note
  

Economic Releases

8:30 am EST

• The Change in Non-Farm Payrolls for July is estimated to fall to 175K versus 206K in June.
• The Unemployment Rate for July is estimated at 4.1% versus 4.1% in June.
• Average Hourly Earnings MoM for July is estimated to rise +.3% versus a +.3% gain in June.
  

10:00 am EST

• Factory Orders for June is estimated to fall -3.2% versus a -.5% decline in May.
• Durable Goods Orders final revisions for June.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The US Baker Hughes Rig Count and weekly CFTC speculative positioning reports could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Thursday Watch

Night Trading 

• Asian equity indices are +.25% to +1.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 95.5 -1.0 basis point.

• China Sovereign CDS 62.75 -2.5 basis points.
  
• China Iron Ore Spot 102.9 USD/Metric Tonne +2.0%

• Bloomberg Emerging Markets Currency Index 39.0 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 51.4 +2.2%.
• Volatility Index(VIX) futures 15.8 -1.6%.
• Euro Stoxx 50 futures +.27%.

• S&P 500 futures +.62%.

• NASDAQ 100 futures +.98%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity 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 day.