Bear Radar

Style Underperformer:

• Small-Cap Value -.3%

Sector Underperformers:

• 1) Oil Service -1.7% 2) Semis -1.0% 3) Computer Hardware -.7%

Stocks Falling on Unusual Volume: 

• ALV, MANH, NCR, MXIM, GNTX, EGOV, ASB, FIZZ, AMBC, SMCI and AXL

Stocks With Unusual Put Option Activity:

• 1) SKX 2) COG 3) FL 4) MDLZ 5) SLCA

Stocks With Most Negative News Mentions:

• 1) AMSC 2) PBPB 3) FIZZ 4) FRO 5) SON

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth -.1%

Sector Outperformers:

• 1) Homebuilding +1.5% 2) Gaming +1.2% 3) Biotech +.6%

Stocks Rising on Unusual Volume:

• CCI, CHL, CTAS, SRPT, COF, ATHN, MCO, LMRK, RLJ, INDB, ETFC, COBZ, BMI, V, ONCE, RVNC, CAI, OFG, LOW, AAOI, PRSC, SPGI, PODD, LVNTA, SHPG, MCO and FITB

Stocks With Unusual Call Option Activity:

• 1) BURL 2) TER 3) V 4) HON 5) NSC

Stocks With Most Positive News Mentions:

• 1) COF 2) JNPR 3) CTAS 4) V 5) HON

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +2.2% Above 100-Day Average
• 1 Sector Rising, 9 Sectors Declining
• 35.6% of Issues Advancing, 59.9% Declining
• 110 New 52-Week Highs, 11 New Lows
• 49.0% of Issues Above 200-day Moving Average
• Average 14-Day RSI 39.0%
• Vix 9.7 +1.3%
• Total Put/Call .92 +24.32%
• TRIN/Arms 1.66 +25.9%

Friday Watch

Night Trading 

• Asian equity indices are -.50% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 84.50 unch. 
• Asia Pacific Sovereign CDS Index 21.0 -.25 basis point.
• Bloomberg Emerging Markets Currency Index 73.88 unch.
• S&P 500 futures +.01%.
• NASDAQ 100 futures -.15%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (ALV)/1.49
• (CL)/.72
• (ECA)/.03
• (FITB)/.42
• (GE)/.25
• (GNTX)/.32
• (HON)/1.78
• (KSU)/1.28
• (MCO)/1.33
• (NVR)/28.92
• (RF)/.24
• (SLB)/.30
• (STI)/.98

Economic Releases 

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• The Eurozone Manufacturing PMI report and the Canadian inflation data could also impact trading today.

BOTTOM LINE:  Asian indices are mostly lower, weighed down by industrial and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 100% net long heading into the day.

Bear Radar

Style Underperformer:

• Mid-Cap Value +.1%

Sector Underperformers:

• 1) Road & Rail -1.6% 2) Steel -1.5% 3) Oil Service -1.0%

Stocks Falling on Unusual Volume: 

• WES, POOL, PTC, HZO, CHRW, IRWD, SHLM, CHKP, HD, LOW, BC, PPG, ADS, QCOM and LPL

Stocks With Unusual Put Option Activity:

• 1) MYL 2) PM 3) SKX 4) GPC 5) CL

Stocks With Most Negative News Mentions:

• 1) FMSA 2) SND 3) CRZO 4) OCN 5) CMG

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +.2%

Sector Outperformers:

• 1) Hospitals +1.2% 2) Drugs +1.2% 3) Biotech +1.1%

Stocks Rising on Unusual Volume:

• AVA, SRPT, SYNT, AMWD, AMBC, DWCH, AYR, HAWK, PII, ASML, SNY, KMI, KALU, MCRB, HEES, BREW, WBC, MGM, LXFT, TBK, GLPG, RCI, RACE, ABCO, ADTN, MNRO, URI, LLL and KMI

Stocks With Unusual Call Option Activity:

• 1) BHGE 2) SRPT 3) SPLK 4) VRTX 5) HD

Stocks With Most Positive News Mentions:

• 1) SRPT 2) KMI 3) SHLD 4) NKE 5) HPQ

Charts:

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