Bull Radar

Style Outperformer:

• Large-Cap Growth +2.3%

Sector Outperformers:

• 1) Gold & Silver +5.0% 2) Video Gaming +3.4% 3) Networking +3.2%

Stocks Rising on Unusual Volume:

• THCB, INO, BCRX, RVP, VXRT, STPK, FLGT, GATO, FUBO, UAVS, NVAX, CDE, GPRO, SRNE, SPCE, CDMO, INAQ, HIMS, XONE, IFF, CVLB, SUM, CREE, IRTC, CODX, CCIV, NKTR, FPI, SWKS, XRX, IPOE, NESR, AMC, PSAC, SPFR, IPOD, PSAC and IBKR
  

Stocks With Unusual Call Option Activity:

• 1) SUM 2) DVAX 3) TPX 4) RVP 5) BCRX

Stocks With Most Positive News Mentions:

• 1) ARQT 2) FIS 3) CMG 4) TMO 5) EXPE
  

Charts:

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

Morning Market Internals

 NYSE Composite Index:

• Volume Running +33.2% Above 100-Day Average 
• 8 Sectors Rising, 3 Sectors Declining
• 59.7% of Issues Advancing, 38.0% Declining
• 50 New 52-Week Highs, 2 New Lows
• 81.7% of Issues Above 200-day Moving Average
• Average 14-Day RSI 43.5% 
• Bloomberg Global Risk-On/Risk-Off Index 1,299.0 +155.0 points
• Vix 31.9 -3.7%
• Total Put/Call .69 -25.8%
• TRIN/Arms 1.14 -5.8%

Monday Watch

Today's Headlines

Bloomberg: 

• Virus Controls Undercut China’s Holidays, Economic Recovery.   
• Australia Central Bank Faces Taper Quandary as Peers Stand Pat. 
• U.K. Businesses Call for Clear Roadmap to Reopening the Economy.
• Governments Exploit Covid Data for Other Uses, Risking Backlash.
• Myanmar’s Suu Kyi Detained, Her Party Says Army Stages ‘Coup’.
  
• Cases Slow Across Globe; Variant Worries Remain: Virus Update.  
  
• U.S. Stock Futures Slide; Silver Contracts Surge: Markets Wrap.
• Dubai Stocks Lead Gulf Selloff Amid Travel Curbs: Inside EM.
• Oil Drops Below $52 as Virus Resurgence Weighs on Demand Outlook. 
• Biden’s First U.S. Jobs Report to Show Challenge Ahead: Eco Week.
• OPEC+ Sees Almost Full Compliance With January Oil-Supply Cuts.
• The Reddit Army Bailout: Desperate Companies Get New Lifelines.
• Biden Health Adviser Warns of Virus Variants, Future Lockdowns.   
• ‘Trillion Dollar’ Mt. Gox Demise as Told by a Bitcoin Insider.  
• Silver Retail Sites Grind to Halt as Reddit Horde Moves to Coins.

Wall Street Journal:

• Behind the Bitcoin Bubble.
• Investors Consider Next Move as Signs of a Bubble Mount.
• Lockdowns Spur Shift to High-End Liquor.

Fox News:

• Biden adviser shrugs off concerns about jamming through massive stimulus package.
• Doctor issues new warning about COVID vaccines and evolving virus.

CNBC: 

• GameStop mayhem hits close to home for co-founder’s son, who’s active on WallStreetBets.
• It’s likely going to take a constant stream of excited buyers to keep the GameStop, AMC rally going.
• Russia arrests over 4,500 at nationwide protests backing jailed Putin critic Navalny.
• Hedge fund billionaire Steve Cohen leaves Twitter after family receives threats amid GameStop backlash.
• Robinhood to continue trading limits on Monday, customers can still only buy one GameStop share.
• Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January.
  

Zero Hedge: 

• Lincoln Project Denounces Co-Founder After Allegations Of Pedophilia, Sexually Provocative Messages To 21 Young Men.
• Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In.
• Make Standard Oil Great Again: Exxon, Chevron Have Discussed A Merger.
• Ray Dalio: Recent Market "Rebellion" Shows Growing "Anger" And "Intolerance" In U.S.
• Why Hasn't The House Held Hearings To Establish "Incitement To Insurrection"?
• This Is The Stunning Way Some Desperate Funds Covered Their Gamestop Shorts.
• Religious Books Seized And Burned In Communist China, 'Believers' Given Jail Terms.
• "Everyone Is Afraid Ahead Of The Open" - Reddit-Raiders Spark Nationwide Physical Silver Shortage.
• GOP Senators Offer $600 Billion Compromise For COVID Relief.
• "So You Just 'Raided' Your First Company" - A Letter To Non-Professional Traders.
• Reddit Outages Reported As r/WallStreetBets Experiences Surge In Web Traffic.
• The Stock Market, Fatally Wounded By The Truth, Will Stumble And Crash.
• "Biggest Storm In 5 Years?!" - More Than A Foot Of Snow Could Blanket Northeast.
• Melvin Capital Lost A Stunning $7 Billion In January, 53% Of Its Capital; Here's How Everyone Else Did.
• Gordon Johnson: Tesla Lost Money Selling Cars For The Fourth Straight Quarter.
• Stimulus Checks Helped Fuel GameStop Stock Surge: Billionaire Gundlach.
• Extremely high fear.
• Only You Can Beat Big Tech Censorship.
• WHO Team 'Tightly Controlled' By CCP During COVID-19 Origins Investigation.
• 'Black Lives Matter' Nominated For The Nobel Peace Prize.
• Caveat Emptor - Are You A WSB 'Useful Idiot'?
• Virginia Task Force Drops Gang Database After Complaints It Has Too Many Minorities In It.

NewsMax: 

• GOP Senators Counter Biden Stimulus With $600 Billion Plan.  
• John Catsimatidis: Biden Moves Hurt Low-Wage Americans.
• Sen. Blackburn: Biden 'Giving Favors to China, Restricting Our Freedoms'.

TheGatewayPundit.com:

• Perfect. Kamala Harris Tells Unemployed Coal Miners That After Biden Kills Their Jobs They Should Work Reclaiming Abandoned “Land Mines” (VIDEO).
• Americans Learn Those Involved in the Russia Collusion Coup Will Walk Confirming The Evolution of the Deep State and the Two Tiered Justice System.
• Unity: Biden White House Fired Trump Officials in Pentagon Who Were Out on Maternity and Paternity Leave (VIDEO).
• Biden KILLS Trump Order Expanding Access To Opioid Abuse Treatment.
• SNL Runs Disgusting Hit Piece on Mike Lindell, Mocks Him for Previous Drug Addiction and His Support for Donald Trump (VIDEO).
• Never Trump Lincoln Project Co-Founder John Weaver Busted For Grooming Underage Teen Boys – Lincoln Project Responds.
• A Miracle! Only 23 Americans Tested Positive for Flu Last Week Compared to 14,657 Cases Reported Last Year at Same Time.
• Bill Gates Surprised Over “Crazy Conspiracy Theories” About Him and Dr. Fauci — Blames Social Media Companies and Not His Creepy Ideas.
• Note to Arizona Senate from a Former International Audit Executive: If Audit Resources are Limited – FOCUS ON THE BALLOTS.
• Rep. Elise Stefanik Calls for Federal Investigation on Criminal Acts Committed by Gov. Cuomo in COVID Nursing Home Scandal (VIDEO).
• Five of Trump’s Impeachment Lawyers Leave Defense Team 9 Days Before Senate Trial.
• Rapper Tom MacDonald’s “Fake Woke” that RIPS Cancel Culture Reaches #1 on Hip-Hop, Rap and All-Genre US iTunes Song Sales.

The Epoch Times:

• US Can Draw Lessons From Taiwan on Fighting China’s Disinformation: Report.
• Popular Fertility App Sued Over Allegedly Sharing Personal Data With Chinese Firms.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Night Trading

• Asian indices are -.5% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 63.5 +2.25 basis points.
• China Sovereign CDS 32.50 +.75 basis point.
• Bloomberg Emerging Markets Currency Index 62.15 +.11%.
• Bloomberg Global Risk-On/Risk Off Index 1,178.0 +34.0 points.
• Volatility Index(VIX) futures 32.55 +.40%. 
• Euro Stoxx 50 futures -.17%.
• S&P 500 futures -56%.
• NASDAQ 100 futures -.71%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (ON)/.28
• (TMO)/3.88
• (OTIS)/.59
  

After the Close:

• (CRUS)/1.86
• (FN)/1.04
• (KMT)/.09
• (NXPI)/2.11
• (VRTX)/2.58
  

Economic Releases

10:00 am EST

• Construction Spending MoM for Dec. is estimated to rise +.8% versus a +.9% gain in Nov.
• ISM Manufacturing for Jan. is estimated to fall to 60.0 versus 60.7 in Dec.
• ISM Prices Paid for Jan. is estimated to fall to 76.0 versus 77.6 in Dec.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone PMI report and the RBA rate decision could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly higher, boosted by metals & mining and technology 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.

Today's Headlines

 Bloomberg:  

• A Reddit Army Descends on Hedge Funds Chained by Risk Models.
• Growing Number of U.K. Firms Face Bankruptcy as Lockdown Drags.
• GameStop Mania Is Delivering a Dangerous Rush to the Reddit Mob.
• Tech Glitches, Swamped Websites Impede U.S. Vaccine Rollout.    
• Africa Variant Found in Maryland; U.S. Cases Slow: Virus Update.  
• India Plans to Introduce Legislation to Ban Cryptocurrencies. 
• Dogecoin Plunges After Rally, Sparking Outcry by Reddit Holdouts.
• Computer-Shy Elderly Are Shouldered Aside in Vaccination Race.  
• Biogen Alzheimer’s Drug Puts FDA’s Judgment in Harsh Spotlight.  
• ‘Like a Drug’: Redditors’ Stock Mania Fueled by Gambling High.
• Social Media Buzz: Redditors Talk SEC Risk, Macron, Nobel Prize.
• Loeb’s Third Point Made Money in January Amid Hedge Fund Turmoil.  
• U.S. Oil Pushes ‘Clean Shale’ as Biden Mounts Climate Attack.
• Why Robinhood and Other Brokerages Restricted Trading This Week.
• Heavy Snow Aims for Chicago, New York as Winter Comes East.

Wall Street Journal:

• Covid-19 Safety Measures, Supply Constraints Crimp Manufacturers.
• TikTok Rival’s $5.4 Billion IPO Draws Big Following.
• Mass Vaccination Sites Will Mean Scaling Up Logistics Coordination.
• The Real Force Behind the GameStop Revolution.
• No App Is Truly Kid-Safe. Here’s What Families Can Do.
• Powell Won’t Pop This Bubble (Yet).

CNBC:

• San Francisco businesses teeter on the brink after a year of lockdowns, fires.
• CDC orders sweeping U.S. transportation mask mandate as Covid rages.
• It’s likely going to take a constant stream of excited buyers to keep the GameStop, AMC rally going.
• Wall Street braces for bumpy trading in the week ahead as the GameStop short squeeze unfolds.
• Robinhood says restrictions on GameStop due to tenfold increase in clearinghouse deposit requirements.
• Social media stocks dip amid GameStop-Reddit frenzy. Why two could fall further.
• Maryland confirms case of South African Covid variant that’s more infectious.

IG:

• Weekend Markets Trading Live.

Barron's:

• Had bullish commentary on (MRNA), (FCX), (XOM), (CVX), (CF), (VRM), (SAM), (INTU), (DE), (AMAT) and (PHM).
• Had bearish commentary on (QS).

MarketWatch.com:                     

• Weekend reads: Robinhood and the merry Reddit self-styled ‘degenerates’.

Fox News:

• ‘People don’t want to hear anything against Trump,' reporter says after venturing outside DC.
• Florida Republicans welcome Trump’s political activity in area: ‘He is our hometown president’.
• Tucker: Dems' rhetoric, actions show they're 'more afraid now that Donald Trump has left office'.
• Gabbard rips Pelosi for ‘enemy is within the House’ remarks.

Newsmax:  

• Biden, Dems Hit Gas on Push for $15 Minimum Wage; GOP Warns of Job Losses.
• Six AGs Threaten Suit Amid Flurry of Biden Orders on Immigration and More.  
• Gitmo Prisoners to Get Vaccine as Early as Next Week.
• Fauci Sees Vaccination for Kids by Late Spring or the Summer. 
• GOP Lawmakers Outraged Over Ex-FBI Lawyer's Sentence in Trump-Russia Probe.

Zero Hedge: 

• 6 Warning Signs From Biden's First Week In Office.
• Antifa Attacks Portland ICE Building, Hurls Mortars And Rocks At Feds .
• Our Tech Minders & The Future Of Public Discourse.
• Has The Robinhood Exodus Begun? 
• Mark Cuban Presents A "Little Trick" For Creating The Mother Of All Short Squeezes.
• COVID Lockdowns Spark Biggest Cigarette Sales Spike In Years.
• EU Tightens Controls On Vaccine Exports, Infuriating London, Canberra: Live Updates.
• It's Not Just Robinhood, Reddit Rebellion Has Clogged Entire Financial System's Plumbing.
• Unintended consequences - will passive tracker funds be the biggest Gamestop losers?
• Steve Cohen Nukes Twitter Account After Getting "Personal Threats" Over GameStop Debacle.
• Would You Be Considered A Domestic Terrorist Under This New Bill?
• Texas Governor Orders Agencies To Sue Biden Admin For Climate Actions That "Kill Jobs".
• Reddit Preparing To Unleash "World's Biggest Short Squeeze" In Silver.
• Conservatives Must Now Draw A Line In The Sand And Stop The "Great Reset".
• 2021 - A Disappointment Of Growth And Disinflation.
• Watch: UK Police Harass And Arrest People For Going To Work, Shops.
• Global Government 'Trust Bubble' Bursts In 2020, Led By China & UK.
• Risk Of A Lost Decade?!
• Manhattan Retail Rents Plunge In "Prime" Shopping Areas.
• Two Years To Stop The Spread? Some Countries Will Close Borders Until At Least 2022.
  

TheGatewayPundit.com:

• My Pillow Announces Delays in Shipments Following “Overwhelming Support” for Company and Its Founder Mike Lindell.
• ‘A President is Not a King’ – Attorneys General Blast Joe Biden For Signing Record Number of Executive Orders in First Week in Office.
• MSNBC SLAMS Violent Rhetoric on the Right – Then Argues President Trump Deserved to Have Been Drone Bombed.
• New Report Finds Hundreds of Twitter Accounts Linked to China Sowed Discord Before and After Election.
• The Whole Biden Family Made Money with Chinese Deals – Hunter Biden Still Has Business in China.
• In Biden’s First Full Week, The S&P 500 Records Its Worst Week Since October – Bringing the Market Into Loss Territory for the Year.
• WOW! FBI Misled America – Pipe Bombs Placed at DNC and GOP Headquarters in DC Were Placed There on Jan. 5th — NOT Jan. 6th.
• Conservative Group Puts $700,000 Behind GOP Senator Josh Hawley.
• Wow! Elizabeth Warren Jumps into the GameStop Controversy and Begs SEC to Investigate Reddit and Social Media.
• Four Islamic Terrorists Connected with the Kidnapping and Beheading of Wall Street Journal Reporter Daniel Pearl Released in Pakistan.
• Sephora Cuts Ties With Beauty Influencer for Being a Conservative, Says Republicans ‘Aren’t Aligned’ With Their Values.

The Epoch Times:

• GOP Senators Urge Commerce Nominee to Commit to Countering Beijing’s 5G Ambitions.
• China Gene Firm Providing Worldwide COVID Tests Worked With Chinese Military.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.
  

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Evening Headlines

Bloomberg:  

• Xiaomi Sues U.S. Seeking to Reverse Investment Ban.
• Short Sellers Face End of an Era as Rookies Rule Wall Street.
• Robinhood Fallout Sweeps Market After Firm's $1 Billion Lifeline.
• SEC Says It’s Investigating Stock Mania for Potential Misconduct.  
• Market Manipulation Is Like Pornography: You Know It When You See It.
• Wall Street Cassandras Don’t Scare WallStreetBets Retail Army.
  
• Historic Week for GameStop Ends With 400% Rally as Shorts Yield.  
• Bitcoin Investors May Lose Everything, Central Banker Warns.
• U.S. Tests More for Variants; NYC to Ease Dining: Virus Update.
• Latest Covid Surge Appears to Flame Out Even in Worst Hot Spots.
• Covid Mutations Undercut Optimism Even as More Vaccines Get Near.  
• Fed’s Daly Pushes Back Against Pulling Policy Aid to Curb Stocks.  
• Fed’s Kaplan Expects ‘Enthusiastic’ Debate on Taper Timing.
  
• Low U.S. Rates Exacerbate Racial Wealth Gap, Paper Shows.  
• Dalio Says GameStop Drama Reflects Growing Intolerance in U.S.   
• Silver Lake Scores $113 Million on AMC Stake Amid Reddit Rally.  
• Charting Global Economy: Vaccines, Stimulus to Fuel 2021 Growth.

Wall Street Journal:

• Hack Extends Far Beyond SolarWinds, Investigators Say.
• Speech and Sedition in 2021.
• The Constitution Can Crack Section 230.
• How Apple’s Privacy Change Will Hit Facebook’s Core Ad Business.

CNBC:

• GameStop short sellers are still not surrendering despite nearly $20 billion in losses this month.
• Dow drops more than 600 points Friday, suffers worst week since October amid GameStop trading frenzy.
• Dr. Gottlieb says J&J Covid vaccine trial yields very good result.
• What to watch in the markets in the week ahead.
• Robinhood is still severely limiting trading, customers can only buy one share of GameStop.
• United Airlines sends furlough notices to 14,000 workers, labor unions seek more federal aid.
• Republican lawmakers press Biden Commerce nominee on Huawei stance.
• American Airlines plans another $1 billion stock sale after big rally.

IG:

• Weekend Markets Trading Live.

MarketWatch.com:                  

• The new South African strain is more infectious, and it’s also making COVID-19 vaccines less effective.  
• SEC vows to punish ‘abusive activity’ amid GameStop, Robinhood drama.
  
• Opinion: What January’s market decline means for stock returns in 2021.
  
• Here are the biggest short squeezes in the stock market, including GameStop and AMC.

Fox News:

• NY governor duped reporters who 'swooned' over COVID 'leadership': columnist.
• YouTube streamer who helped drive surge GameStop shares ID'ed.
  

Newsmax:   

• Oil-State Republican Leaders Say White House Rebuffed Meeting.  
• Biden DOJ Rolling Back Trump Directive to Pursue Toughest Charges, Sentencing​.
• Rep. Keller: Biden Energy Rules Benefit Russia.

Zero Hedge:

• Robinhood Caps Maximum Holdings In 36 Stocks To Just One Share.
• Why Mitch McConnell Backed Away From Trying To Convict Trump.
• Bolsonaro Warns COVID May Last Forever, Isolation "Leads Nowhere".
• "People Are Starting To Scramble": 2020's Newbie Traders Face A Lesson In Capital Gains Taxes.
• Lawmaker Urges NY AG, DOJ To Subpoena Cuomo's Office Over Handling Of Pandemic.
• Biden's Defense Secretary Puts The Brakes On Trump's Germany Troop Draw Down.
• Google Deletes Nearly 100,000 One-Star Robinhood Reviews Amid GME Scandal.
• Could #WallStreetBets Be The Early Innings Of A Financial Arab Spring?
• Powerful Snowstorm Could Impact 100 Million People From Midwest To Northeast.
• Europe Resorts To Travel Bans As Lockdowns Fail; NYC To Restart Indoor Dining, Weddings: Live Updates.
• Facebook Bans "Robinhood Stock Traders Group" With 157,000 Members.
• Texas AG Issues CIDs To Robinhood, Citadel, Others Over "Shocking Coordination" Between Hedge Funds, Trading Platforms To Halt Trading.
• Crypto Jumps In January As Hedgies 'Suffer' Greatest Stock Short-Squeeze In History.
  

TheGatewayPundit.com:

• John Kerry’s Private Jet Emitted 166 Metric Tons of Carbon Over Past Year – Same as 36 Cars Would in One Year.
• DC Officials Announce Plans to Erect Permanent Security Fence Around US Capitol – In Same Week Democrats Ended Construction of Border Security Fence.
• The US Government’s Election Assistance Commission Is Broken – It Claimed Uncertified Auditors Were Certified While Providing No Options to Report on Voter Fraud.
• HUGE NEWS! Arizona State Senate Hires Its Own Independent, Qualified, Forensic, Auditing Firm to Analyze 2020 Results.
• WATCH: Dr. Fauci Announces Biden Admin Will Be Sending Your Tax Dollars Overseas To Fund Abortion (VIDEO).
• Outdoor Dining Reopens in Los Angeles, But Health Department Bans Restaurants From Having Their TVs Turned On For Customers.

The Epoch Times:

• White House Says US-China Trade Deal Among Issues in Broad Review.
• Former Chinese Finance Tycoon Executed.
• Rights Activist Intercepted by Chinese Police at Shanghai Airport and Lost Contact With Outside World.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.
  

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).