Bear Radar

Style Underperformer:

• Small-Cap Value -1.3%

Sector Underperformers:

• 1) Oil Service -3.5% 2) Airlines -3.5% 3) Gaming -2.7%

Stocks Falling on Unusual Volume: 

• NOVA, CHDN, COG, NUVA, JWN, STL, EPRT, GRAF, BCSF, SBNY, KSS, PENN, SPR, MTN, CLR, CZR, GES, EOG, SSP, NKLA, SLB, WLL, SUI, AXSM, FLXN, BEAM, ARCH, EQT and UNFI
  

Stocks With Unusual Put Option Activity:

• 1) ARMK 2) AR 3) ON 4) CZR 5) ALXN
  

Stocks With Most Negative News Mentions:

• 1) IVDN 2) BTU 3) NKLA 4) WPX  5) DVN
  

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth +.2%

Sector Outperformers:

• 1) Gold & Silver +1.7% 2) Alt Energy +1.6% 3) Computer Hardware +1.0%

Stocks Rising on Unusual Volume:

• ANGO, SRNE, IPOB, BYND, AMSC, AXNX, FRG, HGEN and PTON
  

Stocks With Unusual Call Option Activity:

• 1) FIT 2) EMB 3) UNFI 4) TAP 5) PEP

Stocks With Most Positive News Mentions:

• 1) SRNE 2) ANGO 3) AYRO 4) ASC 5) SWM

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running -22.4% Below 100-Day Average
• 38 Sectors Rising, 6 Sectors Declining
• 40.0% of Issues Advancing, 66.4% Declining
• 38 New 52-Week Highs, 6 New Lows
• 42.5% of Issues Above 200-day Moving Average
• Average 14-Day RSI 43.7% 
• Bloomberg Global Risk-On/Risk-Off Index 80.0 -75.0 points
• Vix 26.7 +2.0%
• Total Put/Call .67 -13.0%
• TRIN/Arms 1.13 unch.

 

Tuesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 77.25 + basis points.

• China Sovereign CDS 49.25 + basis points.

• Bloomberg Emerging Markets Currency Index 59.41 .
• Bloomberg Global Risk-On/Risk Off Index -31.0 - points.
• Volatility Index(VIX) futures 31.95 -.%
• FTSE 100 futures +.24%.

• S&P 500 futures +.23%.

• NASDAQ 100 futures +.27%.

Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:

• (ANGO)/-.07
• (INFO)/.69
• (MKC)/1.52
  

After the Close:

• (CMTL)/.06
• (HTZ)/-3.48
• (MU)/.94
• (PRGS)/.77
• (SNX)/2.26
  

Economic Releases

8:30 am EST

• Advance Goods Trade Balance report for August is estimated at -$81.7B versus -$79.2B in July.
• Wholesale Inventories MoM for Aug. is estimated to fall -.1% versus a -.3% decline in July.
• Retail Inventories MoM for Aug. is estimated to rise +1.1% versus a +1.2% gain in July.
  

9:00 am EST

• S&P CoreLogic CS 20-City MoM for July is estimated to rise +.1% versus unch. in June.

10:00 am EST

• The Conference Board Consumer Confidence Index for Sept. is estimated to rise to 90.0 versus 84.8 in Aug.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Quarles speaking, Fed's Clarida speaking, US weekly retail sales reports, Eurozone inflation data report and the China Manufacturing PMI report could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology 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.

 

Morning Market Internals

NYSE Composite Index:

• Volume Running -11.6% Below 100-Day Average
• 11 Sectors Rising, 0 Sectors Declining
• 87.3% of Issues Advancing, 11.0% Declining
• 30 New 52-Week Highs, 5 New Lows
• 38.1% of Issues Above 200-day Moving Average
• Average 14-Day RSI 39.2% 
• Bloomberg Global Risk-On/Risk-Off Index 151.0 +60.0 points
• Vix 26.5 +.5%
• Total Put/Call .63 -27.6%
• TRIN/Arms 1.35 +12.5%

Monday Watch

Night Trading

• Asian indices are unch. to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 77.75 +6.75 basis points.
• China Sovereign CDS 50.5 +1.25 basis points.
• Bloomberg Emerging Markets Currency Index 59.07 -.03%.
• Bloomberg Global Risk-On/Risk Off Index 125.0 +34.0 points.
• Volatility Index(VIX) futures 31.10 -.40%. 
• Euro Stoxx 50 futures +1.28%.
• S&P 500 futures +.30%.
• NASDAQ 100 futures +.26%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (CALM)/-.55
• (SINA)/.50
• (THO)/1.40
• (WB)/.46
  

After the Close:

• (UNFI)/.72

Economic Releases

10:30 am EST

• The Dallas Fed Manufacturing Activity Index for Sept. is estimated at 10.0 versus 8.0 in Aug.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Mexico Trade Balance report and (BABA) investor day could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 50% net long heading into the week.