Bull Radar

Style Outperformer:

• Small-Cap Growth +1.2%

Sector Outperformers:

• 1) Oil Service +3.6% 2) Computer Hardware +2.3% 3) Road & Rail +2.2%

Stocks Rising on Unusual Volume:

• PETS, APRE, SGEN, COTY, FSCT, COMM, RYTM, HAL, ACAD, SPWR, SNAP, MTOR, NMRK, DNLI, HPE, NMIH, ACA, IGT, PINS, SPB, ONB, RVNC, SLB, JBLU, AEO, AMD, IAA, KEYS, MGNX, EHTH, GEO, SKT, ALK, PTC, MAN, NTRA, SUM and FAST

Stocks With Unusual Call Option Activity:

• 1) IGT 2) JCI 3) RTN 4) PHM 5) ZEN

Stocks With Most Positive News Mentions:

• 1) SBHO 2) PETS 3) COUP 4) DAL 5) AMD

Charts:

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

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -2.8% Below 100-Day Average
• 8 Sectors Rising, 3 Sectors Declining
• 68.5% of Issues Advancing, 29.2% Declining
• 159 New 52-Week Highs, 24 New Lows
• 53.9% of Issues Above 200-day Moving Average
• Average 14-Day RSI 48.1%
• Vix 14.3 +.5%
• Total Put/Call .87 -11.2%
• TRIN/Arms 1.12 +15.5%

Monday Watch

Today's Headlines

Bloomberg:

• Back Johnson or Risk No-Deal Brexit, Minister Warns Parliament.  

• Johnson to Renew Push to Get Brexit Deal Through Parliament.

• Erdogan Vows to Crush Kurd Group if It Doesn’t Leave Syria.

• Pervasive Violence in 20th Week of Protests: Hong Kong Update     

• Japan’s Exports Continue to Drop as Global Slowdown Weighs.

• China’s Pig Crisis Is Pushing Up Bacon Prices Worldwide.    

• Private-Jet Deliveries Surge Just as Global Economy Cools Off.

• Stocks in Asia Trade Mixed. Stocks in Asia got off to a mixed start to the week as traders digested the latest trade developments and waited for a slew of earnings reports. The pound dropped as Boris Johnson’s Brexit deal hangs in the balance. Japanese shares rose modestly, while those in South Korea were flat and equities in Sydney retreated. The S&P 500 Index dipped Friday despite a batch of mainly positive earnings results as American stocks remained near to a fresh all-time high. The dollar traded near the lowest level since July and Treasury yields edged lower. Japan’s Topix index added 0.3% as of 9:08 a.m. in Tokyo. Futures on the S&P 500 Index rose 0.1%. The underlying index lost 0.4% on Friday. Australia’s S&P/ASX 200 Index fell 0.2%. South Korea’s Kospi index was flat.

• Saudi Stocks Lead Gulf Gains After Aramco IPO Delayed: Inside EM.  

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

• Trump’s Allies Craft List of Potential Mulvaney Replacements.

• Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan.

Wall Street Journal:

• Johnson Prepares to Put Brexit Deal to Vote After Foiled First Try.

• Hillary Clinton Finds More to Deplore.

• Grubhub’s Struggles Could Chill Food Delivery Hype.

• Ratings Firms Give Companies More Breathing Room.

• Oil Prices Set to Climb? Investors Aren’t Betting On It.

• Hong Kong Protests Rage Despite New Effort to Calm Unrest.

• Congress Ramps Up Scrutiny of Boeing Executives, Board.

• Online Influencers Tell You What to Buy, Advertisers Wonder Who’s Listening.

MarketWatch.com:

• Opinion: How big a year-end stock-market rally to expect this time.

• Opinion: Today’s stock market pessimism is a reliable sign of a pending rebound.

• World finance officials pledge to combat global economic slowdown due to trade war. 

• Opinion: Johnson lost again. But his Brexit deal is likely to succeed.

Fox News:

• JIM BRESLO: To help the homeless, California turns to bad plan loved by left.

• Gabbard reveals why she thinks Clinton, DNC are pummeling her with 'smears'.

CNBC:

• Amazon(AMZN) is shipping expired baby formula and granola, putting customers and food brands at risk.

• Brexit vote postponed: Here’s what could happen now.

• Millions of people are running out of water – how desalination plants are trying to fix that.

• Stocks will likely hit new records in the week ahead if earnings keep topping expectations.

• Robert Shiller: Recession likely years away due to bullish Trump effect.

Zero Hedge:       

• "Toe The Line Or Be Destroyed": Tulsi Gabbard Dismantles Establishment 'Hit-Job' In Viral Video.

• Pound Opens 0.4% Lower With EU Set To Grant 3-Month Brexit Extension; Goldman Says BTFD.

• Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party...

• Democrats Have No Answer For Trump's Anti-War Posture.

• Dramatic Footage Shows National Spanish Police In Brutal Catalonia Protest Crackdown.

• Navy Patents UFO-Like Compact Nuclear Fusion Reactor And Hybrid Space/Sea Crafts.

• Trump Scraps Plan To Hold 2020 G-7 Summit At His Doral Golf Resort After "Irrational Hostility".

• Major Blaze At Iran Oil Refinery Raises Suspicions Of Saudi Revenge Attack.

Night Trading

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

• Asia Ex-Japan Investment Grade CDS Index 70.5 -1.0 basis point.

• China Sovereign CDS 41.0 unch.

• Bloomberg Emerging Markets Currency Index 66.03 -.04%.

• FTSE 100 futures -.08%.

• S&P 500 futures +.14%.

• NASDAQ 100 futures +.19%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (HAL)/.34

• (PETS)/.26

• (SAP)/1.30

After the Close:

• (BXS)/.61

• (CDNS)/.51

• (CE)/2.51

• (LOGI)/.39

• (AMTD)/.96

• (ZION)/1.08

Economic Releases

• None of note

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The (SLB) investor roundtable could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.

Weekly Outlook

• Wall St. Week Ahead by Reuters.
• Global Economy Week by Bloomberg. 
• The Week Ahead 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 mixed as China trade deal hopes, fewer global growth concerns and earnings optimism offsets technical selling, Brexit concerns and profit-taking. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 75% net long heading into the week.

Today's Headlines

Bloomberg:    

• China’s Liu Confirms Phase One of U.S. Trade Deal is in Progress.   

• PBOC Governor Yi Says Yuan Level ‘Appropriate’ After Weakening.

• Johnson Asks EU for Brexit Delay, But Hopes He Won’t Need It.

• Johnson Says He'll Press on After Commons Defeat: Brexit Update.      

• Brexit’s Impact on World Economy to Be Minimal, Mervyn King Says.

• Global Finance Chiefs Pledge to Use All Tools to Aid Growth.

• Kurdish-Led Forces Say Turkey Is Not Abiding by Syria Truce.  

• Fed Leaves October Cut on Table, And Questions About What’s Next.  

• Nestor Is Set to Storm Into Florida Panhandle With Needed Rain.

• Brexit Countdown, Canada Votes, Erdogan’s Gamble: Weekend Reads.

• Your Weekend Reading: Walking a Tightrope.

• Goldman Banker Arrested Over U.S. Insider Trading Allegations.  

• Bitcoin’s Latest Swoon Raises the Risk of Key Technical Breach.

Wall Street Journal:

• The NBA’s China Problem Is Deeper Than a Tweet.

• Carl Icahn Is Nearing Another Landmark Deal. This Time It’s With His Son.

• U.S. Government Still Uses Suspect Chinese Cameras.

• PG&E Says It Could Impose Blackouts in California for a Decade.

Barron's:

• Had bullish commentary on (DIS), (CI), (CMG), (PM), (CVS), (LUV), (COP) and (CMCSA).

• Had bearish commentary on (EYE) and (MSFT).

MarketWatch.com:

• Beyond Meat(BYND) initiated at sell as large competitors make gains in plant-based food.

Fox News:

• Biden son was paid $83G per month for Ukraine ‘consulting services’ gig: report.

• Dem 2020 contenders stand behind Tulsi amid Clinton ‘Russian asset’ row.

CNBC:

• FAA says Boeing withheld ‘concerning’ pilot messages about the safety of 737 Max.

• Boeing’s stock worth buying on pullback from new 737 Max developments, analyst says.

• UK lawmakers delay Brexit vote and force Boris Johnson to ask for deadline extension.
• It’s the bulls’ game to lose as the stock market heads for its final act of 2019.

• The US and China made ‘substantial progress’ at trade talks, Chinese vice premier says.

• Stocks will likely hit new records in the week ahead if earnings keep topping expectations.

• Electric car start-ups — once seen as threat — now struggle to survive.

• Scientists debate if lab-grown meat production could exacerbate climate change.

Zero Hedge:

• "I Stand Against Everything She Represents" - Gabbard Hammers Tired, Sick, Fragile Hillary.

• CME Slams "Patently False" Vanity Fair Trump-Frontrunning-Trades Allegations.

• CIA Analysts Lawyer Up As Brennan, Clapper Ensnared In Expanding Russiagate Probe.

• China's Top Trade Negotiator Sides With Trump: We "Have Made Substantial Progress" In Trade Deal.

• Trudeau Approval Hits All Time Low As Canadians Prepare To Vote.

• Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry.

• France Foils "Sept. 11-Style" Terrorist Attack.

• Impeachment Becomes A Psychodrama Of The Press.

• PG&E May Sporadically Cut Power To Californians For A Decade.

• NBA Spectators Stage Anti-China Protest During Nets-Raptors Game.

• Fisher Investments Pension Losses Spike To $1.3 Billion As Iowa Pulls Out.

• Times Square Billboard Shows Trump Being Hogtied & Tortured.

• Office Vacancies In China Hit Decade High Amid Economic Turmoil.

• Why Is The Elitist Establishment So Obsessed With Meat? For at least the past ten years the United Nations has been aggressively promoting the concept of a meat free world, based on claims that accelerated land use and greenhouse gas emissions are killing the Earth. The problem with this dietary revolution is that it is based primarily on junk science and cherry-picked data, along with outright lies and propaganda.

• China Bans Exports Of Black Clothing To Hong Kong Amid Escalating Social Unrest.

• Twitter War Breaks Out Between "Russian Asset" Tulsi Gabbard And "Warmongering Queen" Hillary Clinton.

• Why Has There Been A 56% Increase In Suicide Among Young Americans In Just 10 Years?

• Economists: Greta Thunberg's Ideal World Would Result In A "Human Tragedy Of Disastrous Proportions".

• Ex-Goldman Billionaire Backs Warren Redistribution Plan, Tells 'Rich' To "Lighten Up".

• The Chaos Of Baltimore Explained, How The Descent Into Hell Continues.

• America's Road Map To $40 Trillion National Debt By 2028.

• Complicated Web Of Payments Behind Hunter Biden's $700K Ukraine, China Dealings Untangled.

• Welcome To The USSR: The United States Of Suppression And Repression.

• Dow Dumps On Talc-Turmoil, Boeing-Bust, & Pence-Panic.