Monday, October 21, 2024

Mid-Day Market Internals

NYSE Composite Index:

  • Volume Running -1.0% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 15.1 +5.4
  • 10 Sectors Declining, 1 Sector Rising
  • 16.5% of Issues Advancing, 81.6% Declining 
  • TRIN/Arms .59 -47.3%
  • Non-Block Money Flow +$275.4M
  • 123 New 52-Week Highs, 21 New Lows
  • 59.5% (-3.4%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 67.0 -4.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 61.4 +.5%
  • Bloomberg Cyclicals/Defensives Index 232.2 +.34%
  • Russell 1000: Growth/Value 19,941.1 +.9%
  • CNN Fear & Greed Index 73.0 (GREED) unch.
  • 1-Day Vix 8.31 -8.6%
  • Vix 19.0 +5.4%
  • Total Put/Call .85 +2.4%

Sunday, October 20, 2024

Monday Watch

Today's Headlines

Bloomberg:   
Zero Hedge: 
CNBC:  
MarketWatch.com:  
NewsMax:
Fox News:
TheGatewayPundit.com:

The Epoch Times:

Around X:
  • @elonmusk
  • @BehizyTweets
  • @HANKonX
  • @nickshirleyy
  • @MichelleRM68
  • @LauraLoomer
  • @MJTruthUltra
  • @IanJaeger29
  • @amuse
  • @MarioNawful
  • @wideawake_media
  • @w_terrence
  • @JamesMelville
  • @ZachApotheker
  • @_johnnymaga
  • @Ultrafrog17
OpenVAERS: 
SKirsch.com:
Night Trading
  • Asian indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 71.75 -.75 basis point.
  • China Sovereign CDS 63.25 unch.
  • China Iron Ore Spot 101.8 USD/Metric Tonne +.12%.
  • Bloomberg Emerging Markets Currency Index 38.43 -.04%.
  • Bloomberg Global Risk-On/Risk Off Index 61.7 +1.0%.
  • Volatility Index(VIX) futures 18.2 -.55%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.11%.
  • NASDAQ 100 futures +.14%.

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

Saturday, October 19, 2024

Today's Headlines

Bloomberg:

Zerohedge:
WSJ.com:  
Barron's:
  • Had bullish commentary on (EXPE), (VZ) and (CVX).

CNBC:

MarketWatch.com:

NewsMax:     

Fox News:

TheGatewayPundit.com: 

Epoch Times:

Around X:
  • @realDonaldTrump
  • @BrandiKruse
  • @DC_Draino
  • @VivekGRamaswamy
  • @BGatesIsaPsycho
  • @LauraLoomer
  • @MarioNawfal
  • BREAKING – CHINA: READY THE TROOPS FOR WAR! China’s President Xi has reportedly ordered his military to “prepare for war.” During a visit to the PLA Rocket Force, the elite unit overseeing China’s nuclear and conventional missiles, Xi gave a commanding speech demanding they “enhance their strategic deterrent and ensure combat readiness at all times.” The PLA Rocket Force controls nukes and long-range missile capabilities crucial for any conflict, including a potential invasion of Taiwan.
  • @alexbruesewitz
  • @BehizyTweets
  • @amuse
  • @ImMeme0
  • @WallStreetSilv
  • @WallStreetApes
  • @BensmanTodd
  • @glennbeck
  • @_BlakeHabyan
  • Watch: Kamala Harris Contradicts Herself On Decriminalizing Illegal Border Crossings: 2024 (Top): “I do not believe in decriminalizing border crossings, and I've not done that as vice president and I will not do that as president.” 2019 (Bottom): “I am in favor of saying that we're not going to treat people who are undocumented across the border as criminals. That's correct.” (video)
  • @Riley_Gaines_
  • @MJTruthUltra
  • @KanekoaTheGreat
  • @IGSquawk