Bull Radar

Style Outperformer:

• Mid-Cap Growth +1.3%
  

Sector Outperformers:

• Gambling +3.3% 2) Homebuilding +1.8% 3) Education +1.7%

Stocks Rising on Unusual Volume:

• IEP, HELE, CVNA, LYFT, SSYS, DVAX, DDD, COTY, KAR, SPHR, UTHR, RIVN, WRBY and CARS
  

Stocks With Unusual Call Option Activity:

• 1) MAT 2) CLNE 3) SAVE 4) TMC 5) GRAB

Stocks With Most Positive News Mentions:

• 1) NSTG 2) NVAX 3) ALPP 4) HELE 5) IEP
  

Charts:

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

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• None of note
  

After the Close: 

• None of note
  

Economic Releases  

6:00 am EST

• The NFIB Small Business Optimism Index for June is estimated to rise to 89.9 versus 89.4 in May.
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The German CPI report, 3Y T-Note auction, US weekly retail sales reports and the SEMICON West Conference could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Morning Market Internals

NYSE Composite Index:

• NYSE Volume Running -14.8% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 15.6 +8.5
  
• 6 Sectors Declining, 5 Sectors Rising
• 70.8% of Issues Advancing, 25.7% Declining
• 64 New 52-Week Highs, 17 New Lows
• 52.5%(+4.0%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 55.0 +2.0
  
• Bloomberg Global Risk-On/Risk-Off Index 66.2 +.8%
  
• Russell 1000: Growth/Value 17,334.6 -.6%
• 1-Day Vix 8.5 -24.5%
  
• Vix 15.3 +3.1% 
  
• Total Put/Call .71 -13.4%
• TRIN/Arms 1.18 +29.7%
  

Monday Watch

Night Trading

• Asian indices are  -.25% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 119.0 +1.5 basis points.
  
• China Sovereign CDS 64.0 +2.0 basis points.
• China Iron Ore Spot 108.1 USD/Metric Tonne +.32%.
  
• Bloomberg Emerging Markets Currency Index 43.3 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 66.1 +.7%.
• Bloomberg US Financial Conditions Index .33 -2.0 basis points. 
  
• Volatility Index(VIX) futures 17.0 +1.1%. 
• Euro Stoxx 50 futures -.12%.
• S&P 500 futures -.10%.
• NASDAQ 100 futures -.22%.

Morning Preview Links

BOTTOM LINE: Asian indices are slightly higher, boosted by metals&mining and healthcare 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 week.

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (HELE)/1.68
  

After the Close: 

• (PSMT)/.85
• (WDFC)/1.22
  

Economic Releases  

10:00 am EST

• Wholesale Trade Sales MoM for May are estimated to rise +.3% versus a +.2% gain in April.
  

3:00 pm EST

• Consumer Credit for May is estimated to fall to $20.0B versus $23.01B in April.
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The Fed's Bostic Speaking, Fed's Mester speaking, Fed's Daly speaking and the China CPI report could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• None of note
  

After the Close: 

• None of note
  

Economic Releases  

8:30 am EST

• The Change in Non-Farm Payrolls for June is estimated to fall to 225K versus 339K in May.
• The Unemployment Rate for June is estimated to fall to 3.6% versus 3.7% in May.
• Average Hourly Earnings MoM for June is estimated to rise +.3% versus a +.3% gain in May.
• Labor Force Participation for June is estimated at 62.6% versus 62.6% in May.
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The Eurozone Industrial Production report could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST