Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -2.8% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 11.5 +.2
  
• 0 Sectors Declining, 11 Sectors Rising
• 86.6% of Issues Advancing, 11.8% Declining 
• TRIN/Arms .94 -27.7%
  
• Non-Block Money Flow +$292.8M
  
• 298 New 52-Week Highs, 8 New Lows
• 57.4% (+5.0%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 64.0 +9.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 51.1 +2.0%
• Bloomberg Cyclicals/Defensives Index 221.2 +.15%
  
• Russell 1000: Growth/Value 19,705.5 -.35%
• CNN Fear & Greed Index 50.0 (NEUTRAL) +7.0
  
• 1-Day Vix 11.0 -15.2%
  
• Vix 16.4 -3.9%
  
• Total Put/Call .89 -5.3%

Friday Watch

Around X:

• @Kylenabecker

• JUST IN: A former Clinton adviser is calling for a formal internal investigation into ABC News’ rigged presidential debate. Mark Penn called Thursday for ABC to probe if there was some effort at "rigging the outcome of this debate." Kamala Harris’ scripted answers calls into question whether she knew the questions in advance. There are unconfirmed reports an ABC News-employed whistleblower is willing to sign an affidavit that the network gave the Harris team advance notice of the questions. The ABC News moderators Linsey Davis and David Muir “fact-checked” Trump at least five times, while never fact-checking Harris, despite her telling lies and half-truths that have been widely fact-checked as being false. The debate moderator Linsey Davis had previously boasted on air about literally being Kamala Harris’ sorority sister. Harris is also good friends with Dana Walden, who is Disney’s co-chairman and oversees ABC News. She is the boss of the debate moderators. ABC News ran a three-on-one presidential debate and thereby committed election interference. This is a huge scandal. ABC News must be investigated!
• THERE YOU HAVE IT: ABC News debate "moderator" Linsey Davis boasts on air about literally being Kamala Harris' sorority sister. WTF. (video)
• WHOA: CNN just HAMMERED ABC News for its biased presidential debate moderation. ABC News constantly "fact checked" Trump and let Kamala off the hook for lying and dodging questions. Even CNN sees the double standard. Wow. (video)
  

• @ImMeme0

• WOW, this happened in Shanksville, PA. Under NO circumstances should you share this video, as it may trigger Democrats upon witnessing the stark contrast in who the American people regard with respect as a leader. (video)

• @LauraLoomer

• FACT CHECK: During the Presidential debate tonight, @KamalaHarris and ABC @ABC said there “were no credible reports” of Haitian immigrants eating people’s pets and local geese… That is a lie. Here’s a copy of the official police communications from Springfield, Ohio which proves police did in fact encounter Haitian illegals who each killed a goose. Read the highlighted sections: (pic)

• @nicksortor
  

• JUST IN: Over a DOZEN busses are rolling up to the Kamala Harris “rally” in North Carolina, dumping HUNDREDS of people out front. Why does this ALWAYS happen at Kamala events but NEVER at Trump events? Her ENTIRE campaign is FAKE! Why won’t mainstream media call her out?! (video)

• @EndWokeness 

• "Everyone is talking about cats and ducks in this town. But I want to talk about one very special lady. My mother-in-law." Springfield, Ohio resident whose beloved mother-in-law was recently kiIIed by an immigrant from Haiti speaks out. Stop what you're doing and watch this. (video)

• @libsoftiktok

• Time just quietly updated their article where they accused Trump of lying about Kamala’s support for s*x change surgery for detained illegals. They backtracked on it and are now admitting that Kamala supports tax funded s*x change surgery for illegal aliens in prison. (video)

• @WallStreetApes

• This American Is From The Same Island As The Ohio Haitian Illegal Migrants. “The Haitian immigrants are indeed eating animals. Let me tell you something about these people. Not only are they harvesting cats for food, but also for witchcraft purposes, voodoo purposes. Understand this, if you don't wanna take my word for it, go out there. Meet a Haitian, talk to them about it. this is not something they aren't proud of. It’s their culture. they eat these animals and they use the blood and bones of these animals for voodoo and witchcraft purposes. (video)

• @ShadowofEzra

• In the debate against Kamala Harris, Trump referenced this undercover video featuring Nancy Pelosi's daughter, where she admits that January 6 was a hoax and a staged insurrection. (video)
  

• @VigilantFox

• Wow. This independent voter completely tore Kamala Harris apart. This is brilliant. She was hoping Kamala would actually give her some answers, but Kamala left her with more doubts and concerns. “What is an opportunity economy? What does that mean? Who's paying for the tax cuts that she's proposing? ... Who's paying for all of these child tax credits? That's just the taxpayers coming out of pocket and hurting the middle class again.” “And we know from Donald Trump's presidency before he can fix the economy. So I was really looking for her to make an impact on my thought process tonight, and she didn't deliver that.” (video)

• @BehizyTweets
  

• Trump's closing statement video on ABC News' TikTok has soared to almost 12 million views, one million likes, and thousands of comments supporting him. Kamala's video has a quarter of the views Trump got and thousands of comments AGAINST her. TikTok is a super leftist platform, but even they can't hide the fact that people resonated with Trump's boldness and authenticity way more than the lies that came out of Kamala's mouth. (pic)
• BREAKING: A new CNN poll shows that Kamala Harris has LOST support of voters on who they trust to handle the economy, and Trump has gained. (pic)

• @charliekirk11

• BREAKING: Ohio Governor Mike DeWine is now sending State Troopers into Springfield, OH along with millions in funding to address the Haitian migrant crisis there, saying: "The federal government has not demonstrated that they have any kind of plan to deal with the issue." What's happened to the residents of Springfield is criminal. A town of 50,000 Americans does not deserve to be inundated by 20,000 foreigners, ever. Heads need to roll. (pic)

• @Breaking911

• IT NEVER ENDS: Biden admin. announces new $700M in aid for Ukraine's energy grid, healthcare, education, and other programs. (pic)

• @DC_Draino

• Wow - Florida Dept of Health says nobody should get the new mRNA Covid vaccines this winter. Urges people to use therapeutic alternatives. Pfizer isn’t going to like this!

• @KanekoaTheGreat

• BREAKING: A Springfield, Ohio man claims he saw Haitian migrants in a van catching cats, and they later admitted to the police that they were eating them. "We've lost a whole bunch of cats." "A van pulled over, and it had over 100 cats in it with the Haitians." "They said they was eating them." "I watched them get pulled over with the cats and admit to the police that they was eating them." (video)

• @thevivafrei

• Everyone trying to claim Trump was wrong on late term abortions… The truth is even worse. Watch this video to the end. This is the level of depravity, incompetence, and casual evil that we are dealing with in government. (video)

• @ChuckCallesto

• SHOCK VIDEO: Woman calls clinic in Maryland asking for an ab*rtion at 34 months. Clinic AGREES and explains how they stop the babies heartbeat. This is SICK and once again proves Kamala lied, and ABC ran cover. (video)

Night Trading 

• Asian equity indices are -.25% to +.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 98.75 -1.25 basis points.

• China Sovereign CDS 59.5 -2.5 basis points.
  
• China Iron Ore Spot 94.7 USD/Metric Tonne -.06%

• Bloomberg Emerging Markets Currency Index 38.9 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 51.6 +3.1%.
• Volatility Index(VIX) futures 18.5 -.3%.
• Euro Stoxx 50 futures n/a.

• S&P 500 futures +.09%.

• NASDAQ 100 futures +.08%.  

Morning Preview Links

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

Bear Radar

Style Underperformer:

• Large-Cap Value +.4%
  

Sector Underperformers:

• 1) Banks -.3% 2) Road & Rail -.2% 3) Alt Energy +.1%

Stocks Falling on Unusual Volume: 

• VNOM, ASTS, GCT, RBRK, BGNE, SIRI, MRNA and CAL
  

Stocks With Unusual Put Option Activity:

• 1) KBE 2) FULC 3) PLCE 4) OMEX 5) SIG
  

Stocks With Most Negative News Mentions:

• 1) MRNA 2) AVNW 3) FULC 4) CNEY 5) ASTS
  

Sector ETFs With Most Negative Money Flow:

• 1) XLK 2) IYF 3) XLY 4) VIS 5) XBI

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.8%
  

Sector Outperformers:

• 1) Gold & Silver +6.0% 2) Networking +4.0% 3) Telecom +2.5%

Stocks Rising on Unusual Volume:

• NTGR, LOVE, SMMT, BYRN, SIG, NNE, GATO, JANX, VRDN, EOLS, FNKO, CLMT, U, AAOI, WGS, MAG, APP, AMR, EWTX, AGI, AI, ASTH, IMTX, ROKU, ODD, VNO, ONON, VRT, KR, KRUS, TMDX, HCC, AMRK, AXON, VKTX, SA, RDFN, MLTX, DBRG, CLW, EXP, TPG, TGLS, ITOS, GOLD, BVN, CNTA, CHCT, EXAS, GOGL, ZS, MELI, BIRK, PCOR, BBW, PSLV, AEM, NVGS, PRVA, PHAT, ICLR, EBAY, DAVA, DHT, GEV, HASI, NVDA, CVGW, DVA and GFI
  

Stocks With Unusual Call Option Activity:

• 1) ZI 2) SIG 3) PLCE 4) VIPS 5) WOOF

Stocks With Most Positive News Mentions:

• 1) NTGR 2) LOVE 3) CDE 4) SMMT 5) SIG
  

Sector ETFs With Most Positive Money Flow:

• 1) VGT 2) XLE 3) IGV 4) SOXX 5) PAVE
  

Charts:

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

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

Earnings of Note 
Company/Estimate 

Before the Open:

• None of note
  

After the Close: 

• None of note
  

Economic Releases

8:30 am EST

• The Import Price Index MoM for Aug. is estimated to fall -.2% versus a +.1% gain in July.
• The Export Price Index MoM for Aug. is estimated to fall -.2% versus a +.7% gain in July.
  

10:00 am EST

• The Univ. of Mich. Consumer Sentiment Index for Sept. is estimated to rise to 68.5 versus 67.9 in Aug.
• The Univ. of Mich. 1Y Inflation Expectations Index for Sept. is estimated at +2.8% versus expectations of a +2.8% gain in Aug.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The US Baker Hughes Rig count, weekly CFTC speculative net positioning reports and the European Society for Medical Oncology 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 -2.0% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 11.3 -1.5
  
• 1 Sector Declining, 10 Sectors Rising
• 73.4% of Issues Advancing, 23.9% Declining 
• TRIN/Arms 1.06 +2.9%
  
• Non-Block Money Flow +$80.1M
  
• 220 New 52-Week Highs, 23 New Lows
• 53.8% (+1.2%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 55.0 +5.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 50.4 +4.9%
• Bloomberg Cyclicals/Defensives Index 220.75 +.47%
  
• Russell 1000: Growth/Value 19,755.7 +.56%
• CNN Fear & Greed Index 43.0 (FEAR) +3.0
  
• 1-Day Vix 14.1 -6.2%
  
• Vix 17.2 -2.7%
  
• Total Put/Call .85 +1.2%