Bear Radar

Style Underperformer:

• Large-Cap Value unch.
  

Sector Underperformers:

• 1) Healthcare Providers -2.2% 2) Road & Rail -1.9% 3) Homebuilding -1.3%

Stocks Falling on Unusual Volume: 

• HSY, SBLK, SAIC, FRO, TEM, UNH, DUOL, NAMS, IONQ, NMM, CI, MTCH, METC, UBER, LYFT, AI, ARVN, ZIM, SOUN, SERV, BLCO, PLAY and ANAB
  

Stocks With Unusual Put Option Activity:

• 1) ACI 2) RGTI 3) BHC 4) MTCH 5) SFIX
  

Stocks With Most Negative News Mentions:

• 1) PLAY 2) VRA 3) QTTB 4) WBA 5) MTCH
  

Sector ETFs With Most Negative Money Flow:

• 1) XLV 2) SMH 3) VGT 4) KIE 5) XBI

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Growth +1.8%
  

Sector Outperformers:

• 1) Airlines +3.0% 2) Semis +2.7% 3) Oil Service +2.1%

Stocks Rising on Unusual Volume:

• PDCO, REVG, BYRN, PLAB, SEI, GME, CRK, GKOS, QDEL, MSTR, RBLX, SMWB, BKV, GEV, WWW, AOSL, FOUR, AVGO, QURE, PEN, ATXS, KGS, DBX, ASO, PPTA, GOOG, OWL, BMA, RIOT, NARI, PENN, MDB, TDW, CIEN, BTDR, TSLA, LOMA, TPG, ALK, SUPV, APP, CASY, PSO, TGS, OKTA, PWR, CRESY, CRM, SIRI and CRDO
  

Stocks With Unusual Call Option Activity:

• 1) SFIX 2) DASH 3) IP 4) ANAB 5) FBTC

Stocks With Most Positive News Mentions:

• 1) SFIX 2) TSLA 3) RDDT 4) ASII 5) REVG
  

Sector ETFs With Most Positive Money Flow:

• 1) XLY 2) KRE 3) XLE 4) XLF 5) XRT
  

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:

• (CIEN)/.65
• (LOVE)/-.35
  

After the Close: 

• (AVGO)/1.39
• (COST)/3.79
• (RH)/2.65
  

Economic Releases

8:30 am EST

• The PPI Final Demand MoM for Nov. is estimated to rise +.2% versus a +.2% gain in Oct.
• PPI Ex Food and Energy MoM for Nov. is estimated to rise +.2% versus a +.3% gain in Oct.
• Initial Jobless Claims for last week is estimated to fall to 220K versus 224K the prior week.
• Continuing Claims is estimated to rise to 1878K versus 1871K prior.
  

12:00 pm EST

• Household Change in New Worth for 3Q.
  

Upcoming Splits

• (ETR) 2-for-1
  

Other Potential Market Movers

• The ECB meeting, 30Y T-Bond auction, IEA Monthly report, Fed's weekly balance sheet report, weekly EIA natural gas inventory report, Barclays Tech Conference, San Antonio Breast Cancer Symposium, (FN) annual meeting, (FRO) annual meeting, (PZZA) investor meeting, (CHRW) investor day, (OLN) investor day, (MET) investor day, (UAA) investor meeting and the (WDFC) 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 +4.5% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 14.2 +.5
  
• 5 Sectors Declining, 6 Sectors Rising
• 58.3% of Issues Advancing, 39.4% Declining 
• TRIN/Arms 1.83 +62.0%
  
• Non-Block Money Flow +$123.3M
  
• 76 New 52-Week Highs, 40 New Lows
• 62.7% (+.6%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 48.0 -2.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 66.9 +.3%
• Bloomberg Cyclicals/Defensives Index 252.0 +.7%
  
• Russell 1000: Growth/Value 21,484.5 +1.8%
• CNN Fear & Greed Index 51.0 (NEUTRAL) +2
  
• 1-Day Vix 6.5 -35.4%
  
• Vix 13.6 -4.2%
  
• Total Put/Call .79 -6.0%

Wednesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 69.0 -.25 basis point.

• China Sovereign CDS 61.25 -1.0 basis point.
  
• China Iron Ore Spot 105.0 USD/Metric Tonne -.4%

• Bloomberg Emerging Markets Currency Index 37.t5 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 67.5 +.5%.
• Volatility Index(VIX) futures 16.3 -.1%.
• Euro Stoxx 50 futures -.20%

• S&P 500 futures +.07%.

• NASDAQ 100 futures +.11%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

Afternoon Market Internals

NYSE Composite Index:

• Volume Running +4.8% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 13.8 -.2
  
• 5 Sectors Declining, 6 Sectors Rising
• 46.3% of Issues Advancing, 51.2% Declining 
• TRIN/Arms .86 +19.4%
  
• Non-Block Money Flow -$128.0M
  
• 54 New 52-Week Highs, 23 New Lows
• 62.6% (-.8%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 50.0 -9.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 67.1 +1.4%
• Bloomberg Cyclicals/Defensives Index 251.1 +.8%
  
• Russell 1000: Growth/Value 21,097.6 +.2%
• CNN Fear & Greed Index 49.0 (NEUTRAL) -2
  
• 1-Day Vix 8.3 +6.8%
  
• Vix 14.1 -1.0%
  
• Total Put/Call .76 -1.3%