Bear Radar

Style Underperformer:

• Large-Cap Value unch.

Sector Underperformers:

• 1) Semis -1.3% 2) Shipping -1.1% 3) Alt Energy -.9%

Stocks Falling on Unusual Volume: 

• NUS, CRTO, GOOS, BE and GBX

Stocks With Unusual Put Option Activity:

• 1) AET 2) SIG 3) WAB 4) MDR 5) TDOC

Stocks With Most Negative News Mentions:

• 1) REPH 2) PCG 3) TRUE 4) NCR 5) AKAM

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +.5%

Sector Outperformers:

• 1) Homebuilding +2.6% 2) Gold & Silver +2.3% 3) Retail +1.4%

Stocks Rising on Unusual Volume:

• AVYA, TIER, YRD, IDTI, PJT, AXSM, WGO, BIIB, VIAB, NXRT, SUZ, TUR, IYT, DSW, RC, GGAL, NVTA, CATS, VIOT, ADES, OLLI, RARE, DIS, BAND, GHL, MITK and EVRI

Stocks With Unusual Call Option Activity:

• 1) BBBY 2) HOG 3) EXPE 4) HYG 5) XHB

Stocks With Most Positive News Mentions:

• 1) VIAB 2) LULU 3) WGO 4) BIIB 5) TMO

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -6.6% Below 100-Day Average
• 1 Sector Rising, 10 Sectors Declining
• 36.8% of Issues Advancing, 59.5% Declining
• 30 New 52-Week Highs, 54 New Lows
• 43.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 47.7%
• Vix 17.8 +7.8%
• Total Put/Call .96 +7.87%
• TRIN/Arms 1.01 -37.7%

Monday Watch

Today's Headlines

Bloomberg:

• Trade War Jaw-Jaw Returns With Fresh Talks: Global Economy Week.  

• China Has a Lot of Financial Opening Up to Do, Says Central Bank.

• Uber to Seal $3.1 Billion Deal to Buy Careem This Week. 

• Stocks to Drop in Asia, Yields Fall on Growth Woes. Stocks in Asia looked set to track heavy losses in U.S. equities as bond yields continued to march lower amid concerns that momentum is slowing in the global economy. The risk-off tone that built on Friday looks set to extend into Asia early Monday, as futures signaled losses for equities in Japan and Hong Kong, while Australian shares opened weaker. Australia’s 10-year bond yield hit an all-time low after the yield on Germany’s 10-year bonds tumbled below zero and a closely watched gauge of Treasuries inverted for the first time since 2007, underscoring the return to globally low long-term rates. U.S. equity futures showed little reaction to Special Counsel Robert Mueller’s decision to forgo an obstruction case against President Donald Trump. Futures on Japan’s Nikkei 225 declined 1.7 percent in Singapore late Friday. Hang Seng Index futures dropped 1.4 percent. Australia’s S&P/ASX 200 Index fell 1 percent. The S&P 500 Index decreased 1.9 percent Friday. Futures were little changed.

• Five Things You Need to Know to Start Your Day.

• Populists Run 68% of GDP, China Stimulus, Trade Jaw-Jaw: Eco Day.

Wall Street Journal:   

• Mueller Doesn’t Find Trump-Russia Conspiracy .

• iPad Mini...Air...Pro? Here’s How to Pick the Right iPad.

• Both Sides Hope for Political Fodder in Mueller Report.

• A First Step Toward Restoring Free Speech on Campus.

• With the iPhone Sputtering, Apple Bets Its Future on TV and News.

• Stock Market Rally Trips on Global Growth Fears.

• China’s Huge Bond Market Is Coming to an ETF Near You Soon.

• Islamic State’s Caliphate Is Gone, but Not Its Violent Extremism.

• Slowing Global Economy Raises Expectations Fed Will Cut Rates This Year.

Fox News:

• Probe finds no proof of Trump campaign collusion with Russia, no conclusion on obstruction: Barr letter.

• MICHAEL GOODWIN: Why Obama and Clinton should now be probed.

• White House claims victory after release of Mueller report summary.

CNBC:

• Read Attorney General William Barr’s summary of special counsel Robert Mueller’s findings.

Zero Hedge:   

• Trump "Totally Exonerated", Calls For Investigation Into "Illegal Takedown That Failed".

• Another Trade-Deal Obstacle Emerges: China Refuses To Budge On Cloud Computing.

• Impeachment Odds Implode As Mueller Report Clears Trump Of Collusion.

• Top Democrat: Mueller Report Doesn't Matter, "We Know There Was Collusion".

• Cancer-Causing Chemical Over Houston Channel Sends Hundreds To Hospital.

• The New Green Deal Is Not New. Not Green. Not A Deal.

• "We're Not In Beijing" - Italian Newspaper Slams Chinese Embassy For Trying To Intimidate Reporter.

• UK Coup Erupts: Theresa May Cabinet In Revolt, Plotting Her Imminent Overthrow.

• Record 4 Million Sign "Cancel Brexit" Petition: It Won't Change a Damn Thing.

• France Is The Socialist Future We Should Dread.

• Italy Defies West As It Officially Joins China's "Neocolonial Project".

Business Insider:

• This is China's playbook to pit EU countries against each other.

• Apple(AAPL) made 15 surprise announcements this week — here's everything it unveiled.

• Barbra Streisand apologizes after sparking outrage for saying Michael Jackson's accusers were 'thrilled' to be with him and the alleged abuse 'didn't kill them'.

Night Trading

• Asian indices are -1.25% to -.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 72.0 -.25 basis point

• China Sovereign CDS 48.5 +.75 basis point.

• Bloomberg Emerging Markets Currency Index 67.28 +.09%.

• FTSE 100 futures n/a.

• S&P 500 futures -.15%.

• NASDAQ 100 futures -.11%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (WGO)/.60

After the Close:

• (RHT)/1.01

Economic Releases
8:30 am EST

• The Chicago Fed National Activity Index for Feb. is estimated to rise to -.25 versus -.43 in Jan.
  

10:30 am EST

• The Dallas Fed Manufacturing Activity Index for March is estimated to fall to 9.6 versus 13.1 in February.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The German IFO Business Climate Index and the (AAPL) news/video service event could also impact trading today.

BOTTOM LINE: Asian indices are lowe, weighed dow by technology and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

Weekly Outlook

• Wall St. Week Ahead by Reuters. 

• Weekly Market Outlook by Yahoo. (video)

• Stocks to Watch Next Week by Seeking Alpha.

• Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week modestly lower on China trade deal worries, global growth fears, technical selling, yen strength, Brexit concerns and oil weakness. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week.

Today's Headlines

Bloomberg:      

• Theresa May’s Cabinet in Open Revolt, Plotting Overthrow: Times.  

• Amazon(AMZN) Might Face Restrictions, German Antitrust Adviser Says.

• Pelosi Says Democrats to Unveil 'Sweeping' Health Bill March 26.

• Stock Bulls Getting Antsy as Fed's Magic Touch Is No Longer Enough.

• Treasury Market Calls Time on Fed Hikes as Curve Finally Inverts.  

• NCAA to Appeal Ruling Busting Caps on Athlete Compensation.  

• Apple's Reinvention as a Services Company Starts for Real Monday.

• Report Says Most Crypto Trading Volume Is Suspicious.

Wall Street Journal:

• Mueller Delivers Report on Russia Probe to Barr.

• The Investigation: 674 Days, and Other Numbers to Remember.

• ISIS Caliphate Is Defeated as Last Syria Bastion Falls.

• Why Marlboro Maker Bet on Juul, the Vaping Upstart Aiming to Kill Cigarettes.

• Aided by Strong Economy, U.S. Labor Force Beats Forecasts.

• Prosecutors in 737 MAX Probe Focus on Boeing Disclosures.

Barron's:

• Had bullish commentary on (GM), (TSLA), (LEA), (APTV), (BWA) and (PLNT).

Fox News:

• AG Barr wants to release Mueller report 'top-line' conclusions as early as this evening: official.

• DR. NICOLE SAPHIER: CBD oil is the new rage. But here’s what I worry about.

• REP. ANDY BIGGS: Prosecute James Comey for instigating Mueller probe.

CNBC:

• Former US Trade Representative says a China trade deal is probably weeks away, not months.

• The 15 American jobs where salaries are rising the fastest.

Zero Hedge:  

• SPLC Implodes: President And Legal Director Resign Amid Sexual Misconduct Scandal.

• Caitlin Johnstone Rages: "Mock The Russiagaters. Mock Them Ruthlessly".

• French Military Authorized To Use Deadly Force On Yellow Vests If Lives Threatened.  

• Your Volvo Will Soon Call The Cops On You If It Thinks You've Been Drinking.

• Hotel Guests Secretly Filmed For 'Hidden Camera' Voyeur Website.

• Not-So-Superfood? Pesticide Residue Found In 70% Of US Produce & 92% Of Kale.

• Socialism: Be Careful What You Wish For.

• Mike Bloomberg Unloads On "Over-Apologizing" Biden & "Whatever His Name Is" Beto.

• 'Islamist Attack Plot' Foiled By German Police; 11 Arrested For Planning "To Kill As Many Infidels As Possible".

• Numbers Don't Lie: Trump's Free Speech Executive Order Could Cost Colleges Billions.

• The Fed Has Given Up: Get Ready For More QE.

• New Hedge Fund Launches Tumble To Lowest Since 2000.

• Scientists From Around The World Call For Immediate Halt To Gene-Editing Of Humans.

• The Wait Is Over: Mueller Report Delivered To AG Barr; No Further Indictments Planned.

• Australia's Gun Laws And Homicide: Correlation Isn't Causation.

• Illinois' Demographic Collapse Continues: Get Out As Soon As You Can.

• Google Influenced Midterm Elections, May Have Cost Republicans Seats: Study.

• Bank Bloodbath Brings Down 'Bull Market' As Yield Curve Crashes.

Business Insider:

• Apple(AAPL) is holding a big event on Monday — here's everything it's expected to announce.

CNN: 

• Daily or high-potency cannabis increases risk of psychotic disorder, study finds.

The Telegraph:

• Shock German factory slump reignites fears of eurozone recession.