Bull Radar

Style Outperformer:

• Small-Cap Value +.3%
  

Sector Outperformers:

• 1) Gold & Silver +3.8% 2) Alt Energy +3.5% 3) Steel +2.4%

Stocks Rising on Unusual Volume:

• BILI, FUTU, PTVE, ZK, BEKE, YMM, HSY, PDD, ASAN, JD, RIVN, ATAT, NWL, NTES, CELH, HTHT, WHR, BABA, EH, SILV, WB, BIDU, CAMT, LI, ACAD, CLPT, SERV, SQM, TRNO, TAL, WDAY, RBRK, FOXF, CERT, ODD, IPG, ASTS, BP, WDS, RIO, RGNX, AMBA, FSLY, AI, SKY, SWBI, RDDTM REXR, CRESY, TEO and MDB
  

Stocks With Unusual Call Option Activity:

• 1) XLI 2) FRSH 3) BRZE 4) TIGR 5) UAMY

Stocks With Most Positive News Mentions:

• 1) REAL 2) KOD 3) NXPL 4) ANGO 5) NIO
  

Sector ETFs With Most Positive Money Flow:

• 1) XLF 2) XLK 3) VGT 4) IYC 5) MAGS
  

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:

• (ASO)/1.28
• (AZO)/33.56
• (GIII)/3.28
• (OLLI)/.57
• (UNFI)/-.02
  

After the Close: 

• (PLAY)/-.40
• (GME)/-.03
• (SFIX)/-.14
  

Economic Releases

6:00 am EST

• The NFIB Small Business Optimism Index for Nov. is estimated to rise to 95.3 versus 93.7 in Oct.

8:30 am EST

• Final 3Q Non-Farm Productivity/Unit Labor Cost readings.
  

Upcoming Splits

• (WIT) 2-for-1
• (ETR) 2-for-1
  

Other Potential Market Movers

• The 3Y T-note auction, OPEC meeting, weekly US retail sales reports, WASDE report, weekly API crude oil stock report, Barclays Tech Conference, Raymond James TMT/Consumer Conference, Scotiabank Tech Conference, American Society of Hematology Meeting, Goldman Sachs Financial Services Conference, (GEV) investor meeting, (MSFT) annual meeting, (PANW) general meeting and the Oppenheimer Midwest 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 +35.1% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 14.0 -.6
  
• 7 Sectors Declining, 4 Sectors Rising
• 53.0% of Issues Advancing, 45.4% Declining 
• TRIN/Arms .55 -50.5%
  
• Non-Block Money Flow -$25.2M
  
• 117 New 52-Week Highs, 10 New Lows
• 63.7% (+2.9%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 59.0 +1.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 66.7 +.2%
• Bloomberg Cyclicals/Defensives Index 249.9 +.19%
  
• Russell 1000: Growth/Value 21,044.2 -.26%
• CNN Fear & Greed Index 51.0 (NEUTRAL) -2
  
• 1-Day Vix 6.6 -9.4%
  
• Vix 13.7 +7.4%
  
• Total Put/Call .83 -1.2%

Monday Watch

Today's Headlines

Bloomberg:   

• Assad’s Fall After 24-Year Rule in Syria Risks More Middle East Chaos.
• China’s Consumer Inflation Slows Even After Stimulus Efforts.
• China’s Solar Industry Looks to OPEC for Guide to Survival.
• Japan’s Economy Shows More Resilience as BOJ Mulls Hike Timing.
• South Korean Stocks Slide, Won Dips as Political Crisis Deepens.
• Asian Stocks Slip With Korea, Middle East in Focus.
• Oil Steadies as Traders Weigh Saudi Price Cuts, Syrian Upheaval.
• Gold Advances as China’s Central Bank Resumes Buying After Pause.
• ‘Eat the Rich’ Isn’t a Recipe for Better Health Care
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• Damascus Now Ruled By 'Al Qaeda In Suits' As Assad Emerges In Moscow.
• Introducing The New ZeroHedge Store!
• The Neocons Have Created A Vacuum So Big Not Even Trump Would Want To Fill It.
• 2025 – Do Economic Indicators Support Bullish Outlooks?
• Lead In Gasoline May Have Caused Over 150 Million Excess Cases Of Mental Health Disorders, New Study Shows.
• Democrats Look Like "A Bunch Of Thieves & Crooks" - Martin Armstrong Warns "This Is Now A War With The Deep State".
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Former Secret Service Agent Warns Trump Likely To Be Attacked Before Inauguration.
• California Reaffirms An Open Arms Invitation To Illegal Immigrants.
• RFK Jr. Effect: "Rotation Out Of Healthcare Stocks Shows No Signs Of Abating".
• December Is A Tough Month In Which To Turn Bearish.
• Biden 'Worst President' In Modern History; Devastating New Poll Finds.
• Morgan Stanley: These Are Trump's Four Main Policy Channels That Matter Most For Investors.
• "Sharp Polar Blast" & Eastern Tracking Storm Could Bring More Lake-Effect Snow For Northeast.
• House Overwhelmingly Passes 'Crucial Communism Teaching Act'.
• Watch: Trump To Pardon J6ers, End 'Birthright Citizenship' On Day One.
• LA Times Owner May Add Bias Meter To Site Next Year.
• Bird Flu: The "Next Pandemic" Is Right On Schedule.
• Damascus Has Fallen: Assad Has Reportedly Left The Capital.
• Lowers Mortality Risk: 11 Key Health Benefits From Drinking Coffee The Right Way.
• Rumors Swirl About The West Planning To 'Exile' Zelenskyy.
  

Wall Street Journal:

• The 11-Day Blitz That Ended 50 Years of Assad Rule in Syria.
• UnitedHealthcare and the ObamaCare Con.  
• Pennsylvania Almost Saw a Stolen Election.
• End of Dictatorship Threatens Power Vacuum in Syria.
• President’s Downfall Marks a New Realignment in the Middle East.
• Biden Is Ceding Presidential Influence to Trump, and Some Democrats Are Furious.
• He Investigates the Internet’s Most Vicious Hackers—From a Secret Location.
• Ad Firms Omnicom and Interpublic Nearing Merger That Would Reshape Industry.
• Can Stocks Pull Off a Third Consecutive Year of Big Gains?
• Manhunt for UnitedHealthcare CEO Killer Meets Unexpected Obstacle: Sympathy for the Gunman.
• A Sidelined Sitting President: South Korea’s Leader Won’t Run the Country.
• Young Men Are Making Risky Bets on Crypto and Politics—and Raking It In Right Now.
• Meet the Small AI Chip Maker Now More Valuable Than Intel.
• Why Disney Is Plowing Cash Into a Cruise Line Expansion.

CNBC:  

• Global political uncertainty intensifies over the weekend.
• Trump says he won’t try to remove Fed chief Jerome Powell.
• China consumer prices climb less than expected as economy slows amid trade war worries.
• The Fed is on course to cut interest rates in December, but what happens next is anyone’s guess.
• AI’s growth is just getting started, BlackRock’s thematic ETF head says.

MarketWatch.com:  

• Stocks and crypto could rally through year-end — but watch for this last wild card.
• TikTok vows to take U.S. ban case to Supreme Court. Meta and Google could see user gains in meantime. 
• Tesla’s stock closed at its highest price in nearly 3 years. Here’s why it can keep going. 
• Costco’s results will show us how important bargains still are for shoppers.

NewsMax:

• McCarthy: Congress Undermining Trump's Agenda.

Fox News:

• Music mogul Jay-Z vows to fight after disturbing Diddy allegations.
• US strikes dozens of ISIS camps and operatives in Syria amid downfall of brutal dictator.
• Americans in one state on edge as mysterious drone sightings increase without explanation.

TheGatewayPundit.com:

• Trump Gives Savage Answer When Asked About Separating Families During Mass Deportations of Illegal Aliens (VIDEO).
• JUST IN: Trump Announces Several New White House Additions, Including Attorney Alina Habba as Counselor to The President and Nomination of Christopher Landau for Deputy Secretary of State.
• Civil Lawsuit: Jay-Z Accused of Raping 13-Year-Old Girl With Sean ‘Diddy’ Combs at Drug-Fueled Afterparty.
• Trump Says “Everybody on That Committee for What They Did, Honestly, They Should Go to Jail!” as Biden Reportedly Considers Preemptive Pardon’s for J6 Committee (VIDEO).
• HUGE Ballot Discrepancies Uncovered in Orange County, CA that Could Affect the Results in Multiple US House Seats.
• Rep. Byron Donalds Spars with ABC’s Martha Raddatz Over Trump Appointees and How They Will Secure the Nation (VIDEO).
• OUTRAGEOUS: Biden Regime’s EPA Announces First-Ever Arrest Related to ‘Climate Change’.
• Your Smart Phone is now the battleground as China seeks cyber dominance.
• WATCH: In First Post-Election NBC Interview Trump Shuts Down Biased Leftwing Hack Kristen Welker in Fiery Exchange Over Stolen 2020 Election, Says 2024 Was “TOO BIG TO RIG” – Discusses Tariffs and More.
• Candace Owens Destroys Woke Transgender Arguments, Schools Nick Cannon With Epiphany on His “Counsel Culture” Show: “That is a Hell of a Point” (VIDEO).
• Brown University Increases DEI Efforts.
• Criminality and Financial Incentives Concerning Hospital COVID Deaths: Why a Presidential Pardon Can’t Shield Fauci from State Prosecution.

The Epoch Times:

• China’s Digital Strategy: Cyber-Espionage and Biometric Surveillance in Global Technological Expansion.
• Chinese Warships Double Ahead of Expected Wargames, Taiwan Says.

Around X:

• @elonmusk

• What’s wrong with Germany? (pic)
• Best two minutes you’ll watch all weekend. Based. (video)
• Perfectly articulated by @SpeakerJohnson! (video)
  

• @bennyjohnson
  

• BREAKING: President Biden reveals U.S. support for the Syria rebellion, focused on empowering the people to create a new regime. He also suggests sending aid to the country. (video)

• @BGatesIsaPsycho

• “I think the crisis has been co-opted by Bill Gates & The WEF. RFK Jnr exposing the Climate Scam & how the ‘elites’ are manipulating it for both power, control & money. (video)
  

• @TheChiefNerd
  

• “US life expectancy is projected to sink to 66th in the world in the coming decades, according to a major new study. Despite being one of the wealthiest nations, Americans already die younger than their equivalents in almost 50 countries. Dr Stein Emil Vollset, who led the new study, said: ‘The rapid decline of the US in global rankings from 2022 to 2050 rings the alarm for immediate action.’”

• @amuse
  

• NDAA: Congress slipped a provision into the 2025 NDAA that prohibits Trump from negotiating any peace deal that doesn't return all occupied territory to Ukraine stripping him of all negotiating power.
  

• @EricLDaugh
  

• JUST IN: Trump announces RFK Jr. will investigate the link between vaccines and autism as the head of the HHS. NBC's Kristen Welker asks if Trump wants childhood vaccines to be eliminated. TRUMP: "If they're dangerous for the children." "If you take a look at autism, you go back 25 years. Autism was almost nonexistent. It was, you know, one out of 100,000 and now it's close to one out of 100." "Something is going on. I don't know if it's vaccines. Maybe it's maybe it's chlorine in the water, right? People are looking at a lot of different things. I want them to look at everything." Trump issued a nuanced take - saying some vaccines are great, but he still wants them looked into. "Maybe some aren't. If they aren't, we have to find out." (video)
• REPORT: President Trump prepared to “go to war” if GOP senators start stonewalling two nominees - Tulsi Gabbard and RFK Jr. TRUMP ADVISER: “If Tulsi or Bobby face real trouble, that’s when Trump will really start to fight. They represent the challenging of the status quo of the bureaucracy.” “If they try to touch Tulsi and Kennedy, then it’s war,” another said.

• @WallStreetApes

• The net worth of Nancy Pelosi is just $10 million shy of a quarter of a BILLION dollars. That’s $240,000,000. Here are some of the residential and commercial properties Nancy Pelosi owns. - San Francisco, Pacific Heights Residence, Estimated between $8 million and $25 million. - Napa Valley Vineyard, St. Helena, Estimated between $5 million and $25 million. Commercial Properties in San Francisco: - 45 Belden Place, Assessed value of $1.78 million. - 1301 Sansome Street, Assessed value of $7.3 million. - 945 Battery Street, Assessed value of $12.7 million. - 222 Kearny Street, Assessed value of $29.3 million. But that’s not all:
  

• @WallStreetMav

• Since the election a month ago, the Biden administration has sent another $10 billion to Ukraine. They also approved using US missiles to strike inside Russian territory. Trump is going to force a ceasefire and peace talks. But the neocons in DC are still trying to start WW3.

• @calleymeans
  

• The Biden administration is rushing to ban indefensible and neurodegenerative food colorings before the term ends. All credit should be going to
  @realDonaldTrump and @RobertKennedyJr for bringing these no-brainer health issues to top of national agenda. In addition to warriors who have been pushing on this issue for over a decade like @thefoodbabe and @drmarkhyman.
• When President Trump is attacked for saying we should be conducting science on pharmaceutical products and fearlessly investigate any potential causes making us the sickest country in the world, it shines a light on the deep rot among scientists and the media (not Trump and RFK).

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,016,047 Reports(+2,606 from prior report) Through October 25, 2024.
  

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Night Trading

• Asian indices are -.5% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 69.5 -.75 basis point.
  
• China Sovereign CDS 62.5 -.25 basis point.
• China Iron Ore Spot 103.8 USD/Metric Tonne +.4%.
  
• Bloomberg Emerging Markets Currency Index 37.5 -.05%.
• Bloomberg Global Risk-On/Risk Off Index 66.9 +.6%.
• Volatility Index(VIX) futures 16.0 +.1%. 
• Euro Stoxx 50 futures -.20%.
• S&P 500 futures -.02%.
• NASDAQ 100 futures -.02%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and healthcare 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 week.

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

Earnings of Note 
Company/Estimate 

Before the Open:

• None of note
  

After the Close: 

• (AI)/-.16
• (CASY)/4.29
• (MDB)/.67
• (ORCL)/1.48
• (TOL)/4.34
• (MTN)/-4.99
  

Economic Releases

10:00 am EST

• Wholesale Trade Sales MoM for Oct.
  

11:00 am EST

• The NY Fed 1Y Inflation Expectations Index for Nov.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The CB Employment Trends Index for Nov., Raymond James TMT/Consumer Conference, American Society of Hematology Meeting, BofA Home Care Conference, American Epilepsy Meeting, (ALK) investor day, (CSCO) annual meeting and the UBS Media/Communications Conference could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Afternoon Market Internals

NYSE Composite Index:

• Volume Running +5.1% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 14.6 -.6
  
• 8 Sectors Declining, 3 Sectors Rising
• 40.7% of Issues Advancing, 56.9% Declining 
• TRIN/Arms 1.10 +14.6%
  
• Non-Block Money Flow -$17.4M
  
• 117 New 52-Week Highs, 58 New Lows
• 61.6% (+.2%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 58.0 -7.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 66.6 -.2%
• Bloomberg Cyclicals/Defensives Index 248.6 +.87%
  
• Russell 1000: Growth/Value 21,044.2 +.98%
• CNN Fear & Greed Index 53.0 (NEUTRAL) -3
  
• 1-Day Vix 7.0 -36.8%
  
• Vix 13.1 -3.6%
  
• Total Put/Call .84 +3.7%