Tuesday, November 05, 2019

Bear Radar

Posted by Gary .....at 2:51 PM
Style Underperformer:
  • Mid-Cap Growth -.2%
Sector Underperformers:
  • 1) Gold & Silver -1.5% 2) REITs -1.5% 3) Medical Equipment -1.0%
Stocks Falling on Unusual Volume: 
  • BDX, YETI, OUT, DIOD, OXY, MPW, MYL, REAL, LGIH, TNDM, APTS, FTDR, PAHC, PTON, UBER, WBT, AAN, AVNS, SHAK and MYGN
Stocks With Unusual Put Option Activity:
  • 1) GNW 2) SHAK 3) MYL 4) CTL 5) WW
Stocks With Most Negative News Mentions:
  • 1) MYGN 2) RYAM 3) STIM 4) CHK 5) TIF
Charts:
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Bull Radar

Posted by Gary .....at 2:15 PM
Style Outperformer:
  • Small-Cap Growth +.3%
Sector Outperformers:
  • 1) Education +1.8% 2) Retail +1.5% 3) Networking +1.3%
Stocks Rising on Unusual Volume:
  • EVER, FRTA, INMD, VECO, EVBG, CHGG, EPZM, MAXR, KR, HTZ, FICO, FOSL, ARVN, HALO, VCEL, WLK, UNVR, REGN, KPTI, IFF, FBM, PINC, LASR, JLL, BRY, HIG, WBA, FGEN, UAA, NSTG, WWE, PARR, XRX, BPMC, THC, EXPD, BWXT, ITRI, PI, BGS, BWXT, ITRI, IPGP, USAC, CCK, MD, SANM, MTX, IOVA, ADBE, RNG, BHF, BYND, KMPR, PLMR, RCM, TPTX, MOS, JKHY, MTSI, CBT and GRUB
Stocks With Unusual Call Option Activity:
  • 1) PBI 2) KR 3) REGN 4) RF 5) ADP
Stocks With Most Positive News Mentions:
  • 1) EVER 2) KR 3) RNG 4) TPR 5) REGN
Charts:
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Mid-Day Market Internals

Posted by Gary .....at 11:37 AM
NYSE Composite Index:
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Monday, November 04, 2019

Tuesday Watch

Posted by Gary .....at 8:50 PM
Night Trading 
  • Asian equity indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 64.25 -1.75 basis points.
  • China Sovereign CDS 37.50 -1.5 basis points.
  • Bloomberg Emerging Markets Currency Index  66.40 +.01%.
  • FTSE 100 futures +.08%.
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.10%.

Earnings of Note 
Company/Estimate

 Before the Open:
  • (AGN)/4.20
  • (BDX)/3.31
  • (CHK)/-.09
  • (CHH)/1.29
  • (EMR)/1.07
  • (EXPD)/.91
  • (JLL)/2.68
  • (LGIH)/1.89
  • (MDGL)/-1.42
  • (MYL)/1.14
  • (NEM)/.39
  • (PBI)/.22
  • (REGN)/6.40
  • (TPR)/.37
  • (ZBH)/1.75
After the Close:
  • (Y)/5.57
  • (CZR)/-.03
  • (COHR)/.96
  • (PODD)/.05
  • (JAZZ)/3.58
  • (LGND)/.62
  • (MBI)/-.21
  • (MCHP)/1.44
  • (RRGB)/-.24
Economic Releases
8:30 am EST
  • The Trade Deficit for Sept. is estimated at -$52.4B versus -$54.9B in Aug.
10:00 am EST
  • The JOLTS Job Openings report for Oct. is estimated to rise to 7063 versus 7051 in Aug.
  • ISM Non-Manufacturing for Oct. is estimated to rise to 53.5 versus 52.6 in Sept.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PPI report, BoJ Minutes, US weekly retail sales report, BofA Merrill Financials Conference, Baird Industrial Conference and the (KR) investor conference could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial 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.
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Stocks Rising into Afternoon on China Trade Deal Enthusiasm, Earnings Optimism, Oil Gain, Energy/Transport Sector Strength

Posted by Gary .....at 2:32 PM
 Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Above Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 12.8 +3.8%
  • Euro/Yen Carry Return Index 125.55 +.12%
  • Emerging Markets Currency Volatility(VXY) 7.24 +.7%
  • S&P 500 Implied Correlation 27.7 -3.7%
  • ISE Sentiment Index 112.0 +5.0
  • Total Put/Call .61 -15.3%
  • NYSE Arms .75 +5.6%
Credit Investor Angst:
  • North American Investment Grade CDS Index 53.58 -3.66%
  • America Energy Sector High-Yield CDS Index 501.0 -.36%
  • European Financial Sector CDS Index 55.56 -3.15%
  • Italian/German 10Y Yld Spread 134.75 -2.75 basis points
  • Asia Ex-Japan Investment Grade CDS Index 64.62 -3.35%
  • Emerging Market CDS Index 189.47 -1.57%
  • iBoxx Offshore RMB China Corporate High Yield Index 167.27 +.02%
  • 2-Year Swap Spread 4.25 +1.0 basis point
  • TED Spread 37.75 -.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -14.75 +4.75 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 66.42 -.11%
  • 3-Month T-Bill Yield 1.53% +2.0 basis points
  • Yield Curve .16 unch.
  • China Iron Ore Spot 80.10 USD/Metric Tonne -.15%
  • Citi US Economic Surprise Index 5.0 -1.0 point
  • Citi Eurozone Economic Surprise Index -36.20 -6.3 points
  • Citi Emerging Markets Economic Surprise Index -25.70 -2.3 basis points
  • 10-Year TIPS Spread 1.65 +5.0 basis points
  • 31.9% chance of Fed rate cut at Jan. 29th meeting, 44.1% chance of cut at March 18th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +300 open in Japan 
  • China A50 Futures: Indicating +54 open in China
  • DAX Futures: Indicating -13 open in Germany
Portfolio:
  • Higher: On gains in my tech/industrial/retail sector longs
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long
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Bear Radar

Posted by Gary .....at 1:52 PM
Style Underperformer:
  • Mid-Cap Growth +.1%
Sector Underperformers:
  • 1) Homebuilders -2.9% 2) Restaurants -1.5% 3) Utilities -1.2%
Stocks Falling on Unusual Volume: 
  • LYV, TWLO, SYK, ENPH, CRUS, CDNA, FGEN, OMER, UAA and NSP
Stocks With Unusual Put Option Activity:
  • 1) UAA 2) ARQL 3) MNK 4) KSS 5) AM
Stocks With Most Negative News Mentions:
  • 1) CRNT 2) UAA 3) KBH 4) PHM 5) IBKR
Charts:
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