Sunday, June 19, 2022

Today's Headlines

Bloomberg:

Wall Street Journal:
Barron's:
  • Had bullish commentary on (HAS), (FDX), (CHRW), (ABMD), (ORCL), (AB), (IVZ), (TROW), (BLK), (BEN) and (C).
  • Had bearish commentary on (NFLX), (BA), (DIS), (ETSY) and (GSK).

Fox News:

CNBC:
Zero Hedge:
MarketWatch.com:        
NewsMax:  
TheGatewayPundit.com: 
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):

Friday, June 17, 2022

Morning Market Internals

NYSE Composite Index:

  • Volume Running +34.2% Above 100-Day Average 
  • 9 Sectors Declining, 2 Sectors Rising
  • 47.5% of Issues Advancing, 49.4% Declining
  • 0 New 52-Week Highs, 367 New Lows
  • 19.1% of Issues Above 200-day Moving Average
  • Average 14-Day RSI 36.0% 
  • Bloomberg Global Risk-On/Risk-Off Index 4,282.0 +78.0 points
  • Russell 1000: Growth/Value 14,943.47 +.73%
  • Vix 32.8 -.6%
  • Total Put/Call .83 -33.1%
  • TRIN/Arms 1.77 -16.5%

Thursday, June 16, 2022

Friday Watch

Evening Headlines

Bloomberg:                 
Wall Street Journal:
Fox News:
Zero Hedge
Newsmax:  
TheGatewayPundit.com: 
The Epoch Times: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -2.25% to -1.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 140.75 +13.25 basis points. 
  • China Sovereign CDS 90.25 +11.5 basis points.
  • Bloomberg Emerging Markets Currency Index 50.74 -.13%.  
  • Bloomberg Global Risk-On/Risk Off Index 4,430.0 +228.0 points.
  • Volatility Index(VIX) futures 32.10 +.6%.
  • Euro Stoxx 50 futures -.32%.
  • S&P 500 futures +.12%.
  • NASDAQ 100 futures +.29%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • None of note
After the Close:
  • None of note
Economic Releases
9:15 am EST
  • Industrial Production MoM for May is estimated to rise +.4% versus a +1.1% gain in April.
  • Capacity Utilization for May is estimated to rise to 79.2% versus 79.0% in April.
  • Manufacturing Production for May is estimated to rise +.3% versus a +.8% gain in April.
10:00 am EST
  • The Leading Index for May is estimated to fall -.4% versus a -.3% decline in April.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Powell speaking, EU Economic Finance Ministers Meeting and the (CNC) investor day could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by commodity 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 25% net long heading into the day.

Wednesday, June 15, 2022

Thursday Watch

Night Trading 

  • Asian equity indices are +.5% to +1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 127.5 -6.5 basis points. 
  • China Sovereign CDS 78.75 -6.25 basis points.
  • Bloomberg Emerging Markets Currency Index 50.94 -.04%.  
  • Bloomberg Global Risk-On/Risk Off Index 4,720.0 +108.0 points.
  • Volatility Index(VIX) futures 29.4 -2.1%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.71%.
  • NASDAQ 100 futures +.83%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (CMC)/1.85
  • (JBL)/1.62
  • (KR)/1.28
After the Close:
  • (ADBE)/3.31
Economic Releases
8:30 am EST
  • Housing Starts for May is estimated to fall to 1696K versus 1724K in April.
  • Building Permits for May is estimated to fall to 1780K versus 1819K in April.
  • The Philly Fed Business Outlook Index for June is estimated to rise to 5.0 versus 2.6 in May.
  • Initial Jobless Claims for last week is estimated to fall to 217K versus 229K the prior week. 
  • Continuing Claims is estimated to fall to 1304K versus 1306K prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Australia Employment Change report, Bank of England Decision, weekly EIA natural gas inventory report, (ETR) analyst day and the (KLAC) investor day could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly 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 50% net long heading into the day.