Tuesday, January 16, 2024

Bear Radar

Style Underperformer:

  • Small-Cap Value -1.6%
Sector Underperformers:
  • 1) Alt Energy -4.4% 2) Gold & Silver -3.7% 3) Energy -2.3%
Stocks Falling on Unusual Volume: 
  • HA, DAL, ANSS, HRZN, MED, BA, CPNG, LEG, BIDU, HDB, YUMC, MS, CHK, LI, SPR, ZTO, JCI, VET, ACMR, MARA, BKE, AA and GOLD
Stocks With Unusual Put Option Activity:
  • 1) GRAB 2) IAU 3) BKLN 4) NTR 5) APLD
Stocks With Most Negative News Mentions:
  • 1) SAVE 2) NKE 3) BA 4) BNTX 5) SPR
Charts:

Bull Radar

Style Outperformer:

  • Large-Cap Growth -.5%
Sector Outperformers:
  • 1) Semis +.7% 2) Disk Drives +.3% 3) Software -.2%
Stocks Rising on Unusual Volume:
  • MOR, SATS, COHR, CORT, AMD, HALO, CAMT, RMBS, ACLS, WDC, VERX, ORLY, VECO, IEP and WING
Stocks With Unusual Call Option Activity:
  • 1) GRAB 2) DWAC 3) ACN 4) SAVE 5) DISH
Stocks With Most Positive News Mentions:
  • 1) DWAC 2) AMD 3) VERX 4) WDC 5) SOTK

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (SCHW)/.64
  • (CFG)/.60
  • (PLD)/1.26
  • (USB)/.71
After the Close: 
  • (AA)/-.89
  • (DFS)/2.51
  • (FUL)/1.27
  • (KMI)/.30
  • (SNV)/.95
  • (WTFC)/2.42
Economic Releases

8:30 am EST 

  • Retail Sales Advance MoM for Dec. is estimated to rise +.4% versus a +.3% gain in Nov.
  • Retail Sales Ex Autos MoM for Dec. is estimated to rise +.2% versus a +.2% gain in Nov.
  • Retail Sales Ex Autos and Gas for Dec. is estimated to rise +.3% versus a +.6% gain in Nov.
  • The Import Price Index MoM for Dec. is estimated to fall -.5% versus a -.4% decline in Nov.
  • The Export Price Index MoM for Dec. is estimated to fall -.7% versus a -.9% decline in Nov.
  • The NY Fed Services Business Activity Index for Jan. 

9:15 am EST

  • Industrial Production MoM for Dec. is estimated to fall -.1% versus a -.1% decline in Nov.
  • Capacity Utilization for Dec. is estimated to fall to 78.7% versus 78.8% in Nov.
  • Manufacturing Production for Dec. is estimated unch. versus a +.3% gain in Nov.

10:00 am EST

  • Business Inventories for Nov. is estimated to fall -.1% versus a -.1% decline in Oct.
  • The NAHB Housing Market Index for Jan. is estimated to rise to 39.0 versus 37.0 in Dec.

2:00 pm EST

  • Fed's Beige Book release.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Williams speaking, Fed's Barr speaking, Fed's Bowman speaking, Atlanta Fed Q4 GDPNow update, 20Y T-Bond auction, OPEC Monthly report, API Weekly Crude Oil Stock report, weekly MBA Mortgage Applications report, weekly US retail sales reports, (SCHW) business update, (RHP) investor day and the (DHI) annual meeting 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 +17.4% Above 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 10.9 -.2
  • 10 Sectors Declining, 1 Sector Rising
  • 21.7% of Issues Advancing, 76.3% Declining 
  • TRIN/Arms 1.57 +3.97% 
  • Non-Block Money Flow -$260.4M
  • 43 New 52-Week Highs, 48 New Lows
  • 59.9%(-3.5%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 53.0 -7.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 58.4 +.9%
  • Bloomberg Cyclicals/Defensives Pair Index 136.52 -.18%
  • Russell 1000: Growth/Value 18,716.4 +.52%
  • CNN Fear & Greed Index 71.0 (Greed) unch.
  • 1-Day Vix 9.65 -17.3%
  • Vix 13.9 +5.1%
  • Total Put/Call .97 +7.8%

Monday, January 15, 2024

Tuesday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal:
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 98.0 +1.0 basis point.
  • China Sovereign CDS 64.0 +2.75 basis points.
  • China Iron Ore Spot 127.5 USD/Metric Tonne +.03%.
  • Bloomberg Emerging Markets Currency Index 41.2 -.12%.
  • Bloomberg Global Risk-On/Risk Off Index 57.4 -.9%.
  • Bloomberg US Financial Conditions Index .96 unch. 
  • Volatility Index(VIX) futures 14.9 +2.8%. 
  • Euro Stoxx 50 futures -.31%.
  • S&P 500 futures -.28%.
  • NASDAQ 100 futures -.37%.

BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

Sunday, January 14, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:

CNBC:

Reuters:

MarketWatch.com:

NewsMax:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com: