Bear Radar

Style Underperformer:

• Large-Cap Growth unch.

Sector Underperformers:

• 1) Coal -2.1% 2) Disk Drives -1.4% 3) REITs -.9%

Stocks Falling on Unusual Volume:

• MRTX, CTMX, TRIL, OFS, SSL, RGR, ZEUS, WUBA, CUDA, EGRX, SIG, SWHC, SAFM, VSTO, SFR, ABBV, LBRDK, TSN, HD, BBY, VNO, YRD, NXPI, EGP and AQMS

Stocks With Unusual Put Option Activity:

• 1) NAV 2) SCHW 3) CTSH 4) COP 5) MS

Stocks With Most Negative News Mentions:

• 1) HOG 2) BBY 3) ABBV 4) BAC 5) C

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +.68%

Sector Outperformers:

• 1) Oil Service +5.3% 2) Banks +1.4% 3) Hospitals +1.1%

Stocks Rising on Unusual Volume:

• TPUB, BITA, HCLP, JUNO, NVCR, RYI, KITE, JUNO, CF and CAR

Stocks With Unusual Call Option Activity:

• 1) HUN 2) COG 3) NSAM 4) PAGP 5) JNUG

Stocks With Most Positive News Mentions:

• 1) WFM 2) CF 3) FCX 4) MYL 5) BMY

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -13.8% Below 100-Day Average
• 8 Sectors Rising, 2 Sectors Declining
• 68.0% of Issues Advancing, 29.0% Declining
• 139 New 52-Week Highs, 8 New Lows
• 57.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 45.1%
• Vix 13.7 +1.9%
• Total Put/Call .75 -14.8%
• TRIN/Arms .73 -42.8%

Monday Watch

Night Trading

• Asian indices are -.50% to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 141.5 -.25 basis point.
• Asia Pacific Sovereign CDS Index 52.75 unch.
• Bloomberg Emerging Markets Currency Index 71.57 +1.33%.
• S&P 500 futures -.05%.
• NASDAQ 100 futures -.01%.

Morning Preview Links

Earnings of Note

Company/Estimate

• (CASY)/1.21
• (LAYN)/1.31
• (THO)/1.43
• (UNFI)/.66

Economic Releases

10:00 am EST

• The Labor Market Conditions Index for May.

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Yellen speaking, Fed's Rosengren speaking, German Factory Orders, Stifel Tech/Internet/Media Conference, Goldman Lodging/Gaming/Restaurant/Leisure Conference, (FAST) May sales and the (MDT) analyst meeting could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity 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 week.

Weekly Outlook

• Week Ahead by Bloomberg.
• Wall St. Week Ahead by Reuters.
• Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week modestly lower on rising European/Emerging Markets/US High-Yield debt angst, global growth concerns, commodity weakness, yen strength, profit-taking and technical selling. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week.

Market Week in Review

• S&P 500 2,100.80 +.33%*

The Weekly Wrap by Briefing.com.

*5-Day Change