Bull Radar

Style Outperformer:

• Large-Cap Value -1.0%

Sector Outperformers:

• 1) Gold & Silver +2.1% 2) Biotech +1.4% 3) Shipping +.3%

Stocks Rising on Unusual Volume:

• MLYS, CYTK, UTHR, IONS, MUX, ARWR, JOYY, DK, IREN, DRD, HMY, ONC, ULTA, QXO, DOOO, INSM, UPB, PTCT, BEKE, AGI, PRCH, LI, CROX, VERA, GMAB, BIIB, AU, LQDA, SKE, GFI and SBH

Stocks With Unusual Call Option Activity:

• 1) BAX 2) MANU 3) VLY 4) CYTK 5) ETHZ

Stocks With Most Positive News Mentions:

• 1) MLYS 2) IONS 3) CYTK 4) KWM 5) HUM

Sector ETFs With Most Positive Money Flow:

• 1) FDN 2) SMH 3) EUAD 4) IYW 5) PSI

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:

• (CPB)/.56
• (DLTR)/.42
• (M)/.19
• (REVG)/.63 
• (PLAY)/.94
• (VRNT)/.26 

After the Close: 

• (AEO)/.20
• (ASAN)/.05
• (AI)/-.21
• (CRDO)/.36
• (DSGX)/.43
• (GTLB)/.16
• (HPE)/.42
• (PD)/.20
• (CRM)/2.78 

Economic Releases 

10:00 am EST

• JOLTS Job Openings for July is estimated to fall to 7392K versus 7437K in June. 
• Factory Orders for July is estimated to fall -1.3% versus a -4.8% decline in June.
• Final Durable Goods Orders readings for July. 

2:00 pm EST

• Fed's Beige Book report release.

Afternoon

• Wards Total Vehicle Sales for Aug. is estimated to fall to 16.1M versus 16.41M in July. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Musalem speaking, Fed's Kashkari speaking, weekly US retail sales reports, weekly MBA mortgage applications report, Cit TMT Conference, Goldman Retailing Conference, Keefe Bruyette Woods Insurance Conference and the UBS Business Services/Leisure/Transport 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 +1.2% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 13.5 -6.7
• 10 Sectors Declining, 1 Sector Rising
• 26.8% of Issues Advancing, 70.9% Declining 
• TRIN/Arms .68 -10.5% 
  
• Non-Block Money Flow -$250.1M
  
• 62 New 52-Week Highs, 15 New Lows
• 59.1% (-2.3%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 56.6 -2.9

Other:

• Bloomberg Global Risk-On/Risk-Off Index 78.3 -2.5%
• Bloomberg Cyclicals/Defensives Index 253.5 -.7%
  
• Morgan Stanley Growth vs Value Index 158.47 -.5%
• CNN Fear & Greed Index 60.0 (GREED) -4.0
• 1-Day Vix 10.9 -5.5%
  
• Vix 18.6 +15.5%
  
• Total Put/Call .94 -58.6%

Tuesday Watch

Around X:

• @Business 

• President Donald Trump said India has offered to cut its tariff rates following the US imposition last week of 50% levies as punishment for its purchases of Russian oil.
• Germany’s highest-ranking general says a sprawling military exercise among NATO allies in the Baltic region will likely overlap with a planned Russian drill as he warned Moscow not to escalate regional tension.
• Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters. 
• Educators across America are bringing AI chatbots into their lesson plans. Will it help kids learn or is it just another doomed ed-tech fad?
• Walmart is bulking up its paid membership plan with a new entertainment option.
• US stocks can rise another 20% by the end of 2026, driven by the excitement around artificial intelligence, according to strategists at Evercore ISI.
• Microsoft Now at the Center of Big Tech’s Worker Protests.
• Get up to speed on what's moving global markets. 
• Here's what you need to know to start your day. 

• @Zerohedge  

• "I Want The Answer": Trump Demands Pfizer Prove mRNA Jabs Work.
• Goldman Sees Global Shipbuilding Entering Multi-Stage Upcycle Through 2032.
• This is JB Pritzker’s trans cousin who funds child transgender clinics. It is pure evil to mutilate children. Prison for life. (pic)
• NEW: Ilhan Omar's net worth skyrocketed to upwards of $30 million in 2024, an increase of at least 3,500% in just one year. Her husband's venture capital firm was no more than $1k in 2023. Now, she says it's worth up to $25 million. It specializes in structuring "legislation."
• Goldman: "NFP is the week’s main event. We are at 60k, below consensus. There is a seasonal August bias to miss: August payrolls have exhibited a consistent negative bias in initial prints over the last decade". 
• AI & The New Frontier Of Torts: ChatGPT Faces Claims Of Suicide, Defamation, & Even Murder.
• Ukraine War To Drag On With No End In Sight: Germany's Merz.
• CTAs maxed out again at 100th percentile and would have to sell >$70bn over the next month in a down-tape.
• Why 'Eating The Rich' Undermines Everyone's Prosperity. 
• The Progressive Pantheon Of Pathetic Heroes.
• "Another Record High": The Best And Worst Performing Assets Of August. (graph) 
• Gorka Steamrolls CNN's Keilar: Exposes Trans-Shooter Epidemic And Anti-Christian Ideology In Fiery Clash.
• AI & 'The End Of Labor' Day.
• Israel And The West Set The Stage For Next Round Of Warfare On Iran.
• 'Systematic Demand Has Dried Up': Goldman's Flows Gurus Expect September To Be "Challenging".
• Trump Declares D.C. "Crime-Free Zone," Urges Leftist Mayors To Join Him On Restoring Law & Order.
• Key Events This Week: Jobs, Jolts, ISM, And Fed Speakers Galore.
• Starmer starting to crack. *STARMER: I GET THE FRUSTRATION AND ANGER OF VOTERS. *STARMER: MIGRATION IS SERIOUS ISSUE; I WANT ASYLUM HOTELS EMPTY. *STARMER: WANT TO GO FURTHER AND FASTER IN TACKLING IMMIGRATION.
• Analysts increasing EPS estimates Q3 for S&P500. That is unusual (and bullish)
  .
• Opioids More Likely To Kill Than Car Crashes Or Suicide
  .
• The Harsh Truth About Life In Canada Today
  . 
   
• DHS's New Election Integrity Czar Has Receipts On Pennsylvania's 2020 Fraud
  . 
• The Pentagon Cracks Down On Big Tech's Coziness With China
  . 

• @CNBC

• Asia markets set to open mixed as investors assess SCO summit amid new tariff concerns.
• A historic change in how Americans buy groceries is underway as SNAP benefit cuts begin. 
• An Iowa nuclear plant is the next contender to restart, spurred by AI data center demand.

• @FoxNews  

• BREAKING: President Trump says he will award former New York City Mayor Rudy Giuliani the Presidential Medal of Freedom. The announcement comes after Giuliani was seriously injured in a car crash over the weekend.

• @chrisbrunet

• EXCLUSIVE: I obtained Lisa Cook’s 85-page Tenure Packet via FOIA. Download link below. It’s heavily redacted, but here are the big takeaways:

• @ElectionWiz

• BREAKING: The family of Robert Mueller, who furthered the Russia Collusion hoax, says he CANNOT testify to Congress due to Parkinson’s.

• @WallStreetApes

• This is a never before seen video of the Pacific Palisades fire. It was given to Spencer Pratt by a resident today who forgot he had it and posted. - Gavin Newsom let Los Angeles burn. - Laundered fire victims aid money to his NGO. - He’s working to steal their land. It’s insane.
• Elon Musk has been making points today that there’s a group of people trying to destroy Western Countries. Tucker Carlson came to the same exact conclusion. “They’re not really globalists,” they’re only targeting Western Countries. “They're not really globalists are they? Because they're not doing this to China and Africa and the Middle East. They're not saying those nations need to invite a lot of people from different parts of the world only one side it's anti western”.

• @jjauthor

• President Trump urges us to tag @LeaderJohnThune and demand the Senate pass: A. Watermarked paper ballots. B. Same-day voting. C. Voter photo ID. D. Proof of citizenship. E. Election Day holiday. F. Hand counting. G. All of the above. Now or we are doomed. Pass it on - until it is law! Why do democrats hate an honest election? No more mail in ballots!!

• @newstart_2024

• Thinking that country can run on breezes is worse than delusional. A two-megawatt windmill is made up of 260 tons of steel that required 300 tons of iron ore and 170 tons of coking coal, all mined, transported and produced by hydrocarbons. They each consume 10'000 liters (more than 2600 gallons) of crude oil based lubricants per year. When outdated, the wind turbines are being buried deep in forests, out of public view, due to the high costs associated with recycling them. A windmill could spin until it falls apart and it will NEVER, EVER generate as much energy as it was used in building it. (video)

• @Inevitablewest

• Holy sh!t… 350,000+ Australian patriots conquered six major cities today demanding an end to mass migration. The silent majority is done being silent. (video)

• @GenFlynn

• Labour in the UK equates to Democrats in the U.S. America needs a clean sweep of many of our politicians as well. Anyone not standing up for children must feel the wrath of the American people at election time. The UK is gone over to the dark side, let’s not allow America to do the same.

• @TaraBull808

• What are your thoughts on this?

• @KobeissiLetter

• The AI Revolution is so massive that electricity prices are moving in a literal straight line higher. Energy is the new limiting factor to AI growth.

• @TheChiefNerd

• President Trump calls on Pfizer and other COVID drug makers to release their data.

• @EricLDaugh

• HOLY CRAP: A scandal is erupting in MICHIGAN after state Republican lawmakers found that 4,277 phantom jobs were created and "funded" by Democrat leaders - "You guys realize what a scandal this is?" $5 BILLION in fraud or abuse found. "People should be prosecuted for taking money that was appropriated to higher employees and using that money for another purpose entirely. There are programs in there that DONT EVEN EXIST, and they're funding them!" (video)

• @toobaffled

• Pfizer’s Experimental Hendra mRNA Vaccine Sparks Wave of Sudden, Agonizing Horse Deaths. Horse owners across Australia are raising the alarm after a disturbing pattern of sudden deaths in animals recently injected with the Hendra vaccine. Despite repeated assurances from regulators and drug giant Zoetis—the former animal health arm of Pfizer—the equine community says the truth can no longer be ignored. Healthy horses are collapsing and dying in agony within days of the shot.

Night Trading

• Asian indices are -.25% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 65.25 -.75 basis point.
  
• China Sovereign CDS 43.75 +.25 basis point.
• China Iron Ore Spot 101.85 USD/Metric Tonne +.2%.
• Swiss Franc/Offshore Chinese Renminbi Cross 8.90 -.1% 
  
• Bloomberg Emerging Markets Currency Index 36.46 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 80.2 -.04%.
• US 10-Year Yield 4.25% +2.0 basis points.
  
• Volatility Index(VIX) futures 19.3 -1.3%. 
• Euro Stoxx 50 futures +.15%.
• S&P 500 futures +.04%.
• NASDAQ 100 futures +.10%.

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 modestly  higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the week.

Today's Headlines

Around X:

• @Business

• Russian President Vladimir Putin landed in the Chinese port city of Tianjin for the two-day Shanghai Cooperation Organization summit on Sunday morning, a day after Indian Prime Minister Narendra Modi. 
• China’s home sales extended their slump in August even as prices declined and the country’s two biggest cities rolled out additional stimulus measures.
• China’s factory activity remained stuck in contraction in August, as a government crackdown on price wars holds back production. 
• The European Union’s new €150 billion ($175 billion) plan to accelerate investment in the bloc’s defense industry will benefit Poland most, Commission President Ursula von der Leyen said.
• Yemen’s Houthis say Israeli strikes killed its prime minister and several ministers this week.
• The legal fight over President Donald Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade.
• The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed. 
• Look for US companies to increase their debt levels to help fund a $1 trillion wave of acquisitions, reversing years of scaled-back borrowing.
• Chicago Mayor Brandon Johnson signed an executive order Saturday aimed at banning federal law-enforcement officers from wearing masks or disguises as he tries to head off a threat from President Donald Trump to expand his crime crackdown to the city. 
• What happened to the global economy this week — in charts.

• @Zerohedge 

• Replacement Of American Truckers With Unvetted, Unqualified Migrant Drivers Must Stop.
• How The US Will Force Yields Lower Across The Curve.
• BREAKING: A woman has been arrested for flying a British flag at Epping council building. Britain is a soviet state. (video)
• BREAKING NEWS. Mayor Rudy Giuliani was involved in a car accident yesterday in New Hampshire. Prior to the accident, Giuliani’s team says he was flagged down by a female victim of a domestic violence incident. Giuliani’s team tells me he’s expected to make a full recovery. He was transported to a trauma center and is recovering from a fractured thoracic vertebrae, multiple lacerations and contusions, and an injury to his left arm and lower leg. This is not believed to be a targeted attack. Pray for the Mayor!
• Meme Markets: Investing Vs Entertainment
  . 
• Chinese Fentanyl Financier Evades U.S. Extradition After Daring Mexico City Tunnel Escape
  . 
• Half Of American Schools Require 'Equitable' Grading And Most Teachers Are Opposed: Survey
  . 
• CNN now agrees about Lisa Cook!
   
  (video)
• Fentanyl Involved In 70% Of US Drug Overdose Deaths.
• China Accelerates Coal Plant Commissioning To 9-Year High.
• A Dark Theory: Russian Strategy In Ukraine.
• During the Covid years, it seemed as if the CDC was being run by sadistic Satantists. It turns out that the CDC was actually being run by sadistic Satanists
  . 
  (pic)
• Democrats Demand "Assault Weapons" Ban After Trans Mass Shooting In Minneapolis.
• America Has A "Transtifa" Problem.
• Judge Blocks Trump Admin's Expansion Of Fast-Track Deportations.
• Democrats "Are Society Destroyers".
• *CHICAGO MAYOR TO SIGN ORDER TO DEFY IMMIGRATION CRACKDOWN: CNN.
• 'Long, With A Cheap Hedge' - Top Goldman Trader Sees Tactical Risk/Reward Getting A Lot Tricker From Here
  .
• Minneapolis Shooter's Mother Not Speaking To Police
  .
• From Blacklist To NIH Director: Jay Bhattacharya On Fauci, Bioweapons, And The Collapse Of Free Speech In Science.

• @MarioNawful

• WOKE ISN’T DEAD: HARVARD STUDY KILLED FOR BEING FACTUAL. A Harvard grad student did what nobody else had... ran the first data-driven study on the rise in gender dysphoria. The response? A top journal rejected it. Not for flawed methods or bad data, but for using the term "natal sex" instead of "sex assigned at birth." Apparently, the language police now outrank peer reviewers. This isn’t just political correctness. It’s science bowing to ideology instead of fixing its own broken culture. Woke isn't dead after all.

• @BarronsOnline

• Had bullish commentary on (VRT) and (APTV).

• @CNBC

• Asia markets set to open mostly lower as investors assess U.S. court ruling on Trump tariffs.
• Trump trade adviser blasts tariff ruling, calling it 'weaponized partisan injustice'.
• Global week ahead: Welcome to September, Wall Street’s least-loved month.
• Walmart’s latest AI innovations represent a shift for big retail.

• @GatewayPundit 

• WATCH: CBS News Caught Deceptively Editing Kristi Noem’s Comments on MS-13 Gang Member Kilmar Abrego Garcia.
• The leader of the CDC who is being held up as the face of science: Covered up and falsified data on myocarditis risk. Encourages to this day COVID shots for every 6 month old. Encouraged orgies as a normal “Friday night” activity. Openly encourages bondage and devil worship. Implied it’s bigoted to use the word “mother” instead of “birthing person.” This man is the leader of the “experts” we are told to trust. Americans have a very clear choice: More of the status quo, or reform.
• Comer on Investigation into Biden’s Mental Fitness During Term in Office – “It’s Becoming Very Apparent That Joe Biden Really Wasn’t the One in Command at the End of His Presidency”. (VIDEO) 
• First Population-Wide Peer-Reviewed Study Finds COVID-19 “Vaccines” Increase Risk of Multiple Cancers — CONFIRMS Fears of “Turbo Cancer” Epidemic.
• Trump Blames Euro-Globalist Leaders for Sabotaging Peace Process Between Russia and Ukraine: REPORT.
• WH Senior MAHA Advisor Calley Means: “There is a Memo Going Around the CDC and Throughout HHS on How to Subvert President Trump and Director Kennedy (VIDEO).

• @WallStreetApes

• This is INSANE!! Bill Gates had secret people he used as plants hidden inside US government pushing his agendas. - Vaccine agenda - Manipulation of mosquitoes - Getting rid of meat so you'll eat his fake meat product - Mass vaccination programs on children - Bill Gates had connected operatives from key federal health agencies including the CDC, HHS and NIH. (video)

• @amuse

• FED: Did Fed Gov Lisa Cook lie to her lawyers or did they lie to Judge Jia Cobb? Cook's lawyers claim her fraud or clerical error doesn't matter because it occured before she joined the Fed. But moments after they made this argument to Judge Cobb Pulte released a third instance of mortgage fraud that occurred AFTER she joined the Fed - a clear pattern of mortgage fraud (or as Cook's lawyers might describe it, a pattern of clerical errors that saved her thousands of dollars). What are the odds Judge Cobb will grant her TRO anyway? 99.98888%?
• NO CONFLICT, NO INTEREST? Is it strange that neither Judge Cobb nor Fed Governor Cook mentioned they were sorority sisters? Cobb and Cook are members of the Delta Sigma Theta sorority...

• @newstart_2024

• This is BiII Gates' "mosquito factory" in Columbia. It's the largest in the world. 30 million genetically modified mosquitos are released every week into 11 countries!! Because BiII knows better than nature. What could possibly go wrong? Everything! And of course it's by design. (video)
• Bill Gates doesn't see a sick person to heal. He sees a system to update. His new vision: needle-free vaccine patches for every disease. A seamless, global deployment system. This isn't just philanthropy. It's the pursuit of ultimate biological governance. (video) 

• @C_3C_3

• Meet Demetre Daskalakis. He pushed vaccines and policy at the CDC. How is this even possible? (pics)

• @FirstSquawk

• FUJITSU AND NVIDIA DEVELOP AI HOSPITAL ADMISSION SYSTEM USING AVATAR TO INTERACT WITH PATIENTS AND HANDLE HEALTH QUESTIONNAIRES: NIKKEI

• @MJTruthUltra

• This is demonic… HOMESCHOOL! Governor JB Pritzker just signed a bill into law, making Illinois the first state to MANDATE universal mental health screenings for public school students in grades 3 through 12. The screenings aim to identify signs of anxiety, depression, or trauma… and they promote something called the BEACON portal, developed with the Google Public Sector to send families to behavioral health services. What will happen, they will scare the hell out of parents, where they will be told their children will commit suicide if they don’t get their anxiety or depression taken care of. It’s not about helping these children, it’s about creating lifelong customers at an early age.. (video)

OpenVAERS:  

• VAERS US COVID Vaccine Adverse Event Reports. 1,026,503 Reports(+728 from prior report) Through July 25th, 2025.

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.