Bear Radar

Style Underperformer:

• Large-Cap Growth -2.1%
  

Sector Underperformers:

• 1) Software -3.7% 2) Electric Vehicles -2.9% 3) Cyber Security -2.9%

Stocks Falling on Unusual Volume: 

• BL, HIMS, MKTX, XEL, ALKT, XMTR, TBBK, INTA, ACIC, ELF, COIN, HLNE, ZS, DELL, SNOW, TWLO, NARI, CRWD, CLSK, DUOL, MP, IOT, BBIO, POWL, ROOT, ACMR, TNDM, ALB, MSTR, SEMR and GTLB
  

Stocks With Unusual Put Option Activity:

• 1) GTLB 2) JETS 3) JWN 4) TGT 5) INDA
  

Stocks With Most Negative News Mentions:

• 1) ALB 2) AS 3) NOVA 4) JOAN 5) CART
  

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +.3%
  

Sector Outperformers:

• 1) Regional Banks +4.3% 2) Banks +1.7% 3) Energy +1.0%

Stocks Rising on Unusual Volume:

• APGE, AVAV, RGNX, TGT, PHUN, FMS, VIAV, SYRE, HOG, KRYS, CRGY, DVA, NFE, CHH, MGEE, NRG, HPE, IMNM, EGO, BHVN, TS, SAIA, VST, JANX, CCOI, AL and FA
  

Stocks With Unusual Call Option Activity:

• 1) ELAN 2) SOVO 3) AXP 4) TGT 5) OCEA

Stocks With Most Positive News Mentions:

• 1) AISP 2) DAVE 3) APGE 4) DTSS 5) AVAV
  

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:

• (ANF)/2.83
• (BF/B)/.56
• (CPB)/.77
• (FL)/.32
• (JD)/4.81
• (KFY)/.99
• (THO)/.67
• (UNFI)/-.02
  

After the Close: 

• (VSCO)/2.46
  

Economic Releases

8:15 am EST

• The ADP Employment Change for Feb. is estimated to rise to 150K versus 107K in Jan.
  

10:00 am EST

• The JOLTS Job Openings for Jan. is estimated to fall to 8850K versus 9026K in Dec.
• Wholesale Trade Sales MoM for Jan. is estimated to rise +.3% versus a +.7% gain in Dec.
  

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory gain of +1,720,250 barrels versus a +4,199,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -1,059,750 barrels versus a -2,832,000 barrel decline the prior week. Distillate inventories are estimated to fall by -331,500 barrels versus a -510,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +1.0% versus a +.9% gain prior.
  

2:00 pm EST

• The Fed's Beige Book report.

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The Fed's Daly speaking, Fed's Powell speaking, weekly MBA Mortgage Applications report, BofA Power/Utilities/Clean Energy Conference, Cowen Health Care Conference, KeyBanc Emerging Tech Summit, RBC Financial Institutions Conference, (TDG) annual meeting and the Morgan Stanley Tech/Media/Telecom Conference 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 +20.4% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 11.3 +3.2
  
• 6 Sectors Declining, 5 Sectors Rising
• 51.9% of Issues Advancing, 46.1% Declining 
• TRIN/Arms .99 +12.5%
  
• Non-Block Money Flow -$174.9M
  
• 129 New 52-Week Highs, 28 New Lows
• 60.3% (-.3%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 68.0 -2.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 68.4 -2.8%
• Bloomberg Cyclicals/Defensives Pair Index 143.0 +.2%
  
• Russell 1000: Growth/Value 19,031.3 -1.5%
• CNN Fear & Greed Index 75.0 (Extreme Greed) -1.0
• 1-Day Vix 10.4 +22.3%
  
• Vix 14.3 +5.6%
  
• Total Put/Call 1.05 +23.5%

Tuesday Watch

Night Trading 

• Asian equity indices are -.5% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 100.25 +2.5 basis points.

• China Sovereign CDS 65.75 +.5 basis point.
  
• China Iron Ore Spot 115.0 USD/Metric Tonne -.5%.

• Bloomberg Emerging Markets Currency Index 40.04 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 70.9 +.8%.
• Volatility Index(VIX) futures 15.1 +.33%.
• Euro Stoxx 50 futures -.14%

• S&P 500 futures -.15%.

• NASDAQ 100 futures -.27%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and commodity 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 day.

Friday Watch

Night Trading 

• Asian equity indices are -.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 97.75 -.75 basis point.

• China Sovereign CDS 65.25 -1.0 basis point.
  
• China Iron Ore Spot 117.7 USD/Metric Tonne +1.0%.

• Bloomberg Emerging Markets Currency Index 40.1 -.12%.
• Bloomberg Global Risk-On/Risk Off Index 71.7 -.18%.
• Volatility Index(VIX) futures 15.1 unch.
• Euro Stoxx 50 futures +.39%

• S&P 500 futures +.05%.

• NASDAQ 100 futures +.09%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.