Monday, January 08, 2024

Bear Radar

Style Underperformer:

  • Large-Cap Value +.1%
Sector Underperformers:
  • 1) Oil Service -3.2% 2) Energy -1.9% 3) Shipping -1.8%
Stocks Falling on Unusual Volume: 
  • SIBN, SBLK, STNG, FIVE, AMPH, EXAS, LBRT, SPR, EXEL, BA, BROS, AIR, DVAX, ZIM, FNA, RGNX and PRTA
Stocks With Unusual Put Option Activity:
  • 1) DLO 2) LUMN 3) DXCM 4) BA 5) ALLY
Stocks With Most Negative News Mentions:
  • 1) DADA 2) AUDA 3) SPR 4) GCO 5) BA
Charts:

Bull Radar

Style Outperformer:

  • Small-Cap Growth +1.7%
Sector Outperformers:
  • 1) Computer Hardware +3.3% 2) Semis +3.1% 3) Airlines +2.4%
Stocks Rising on Unusual Volume:
  • HARP, AMAM, RXST, AXNX, CROX, TREE, EWCZ, SIDU, GCT, CORT, CYTK, STAA, MGNX, ANF, MARA, TWLO, TXG and RXRX
Stocks With Unusual Call Option Activity:
  • 1) DLO 2) SPR 3) ELAN 4) ARDX 5) ONON
Stocks With Most Positive News Mentions:
  • 1) RXST 2) CROX 3) STAA 4) CORT 5) UPWK

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AYI)/3.23
  • (ACI)/.65
  • (NEOG)/.03
  • (SNX)/2.67
  • (TLRY)/-.05
After the Close: 
  • (AZZ)/1.00
  • (PSMT)/1.09
  • (SGH)/.16
  • (WDFC)/1.04
  • (MSM)/1.30
Economic Releases

6:00 am EST

  • The NFIB Small Business Optimism Index for Dec. is estimated to rise to 90.8 versus 90.6 in Nov.

8:30 am EST

  • The Trade Deficit for Nov. is estimated to widen to -$64.9B versus -$64.3B in Oct.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Barr speaking, Atlanta Fed GDPNow 4Q Update, weekly US retail sales reports, 3Y T-Note auction, EIA Short-Term Energy Outlook, API Weekly Crude Oil Stock report, IBD/TIPP Economic Optimism Index, JPMorgan Healthcare Conference, (CMC) annual meeting, (LNN) annual meeting, (DELL) investor meeting and the ISI Retail/Consumer Summit could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

  • Volume Running +1.0% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 12.7 +1.7
  • 4 Sectors Declining, 7 Sectors Rising
  • 65.3% of Issues Advancing, 32.5% Declining 
  • TRIN/Arms 1.62 +149.2% 
  • Non-Block Money Flow +$93.2M
  • 42 New 52-Week Highs, 23 New Lows
  • 62.9%(+1.1%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 63.0 -2.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 56.1 -3.9%
  • Bloomberg Cyclicals/Defensives Pair Index 137.6 -.11%
  • Russell 1000: Growth/Value 18,105.8 +1.1%
  • CNN Fear & Greed Index 71.0 (Greed) -2.0
  • 1-Day Vix 8.8 -11.7%
  • Vix 13.4 +.3%
  • Total Put/Call .89 -26.5%

Sunday, January 07, 2024

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal: 
CNBC:
TheGatewayPundit.com:
X:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 102.5 +2.5 basis points.
  • China Sovereign CDS 65.75 +.75 basis point.
  • China Iron Ore Spot 138.0 USD/Metric Tonne -.42%.
  • Bloomberg Emerging Markets Currency Index 41.40 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 58.3 -.05%.
  • Bloomberg US Financial Conditions Index n/a. 
  • Volatility Index(VIX) futures 15.1 -.12%. 
  • Euro Stoxx 50 futures +.02%.
  • S&P 500 futures +.14%.
  • NASDAQ 100 futures +.19%.

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

Saturday, January 06, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Barron's:
  • Had bullish commentary on (BYON) and (AMKBY).

CNBC:

Reuters:

MarketWatch.com:

NewsMax:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com: