Monday, January 04, 2021

Bull Radar

Style Outperformer:
  • Large-Cap Value -2.1%
Sector Outperformers:
  • 1) Gold & Silver +5.5% 2) Oil Service +.6% 3) Video Gaming -.3%
Stocks Rising on Unusual Volume:
  • BTBT, FLIR, ARCT, CURI, BPYU, MSTR, ACMR, FLGT, OAC, GOCO, ANAB and NGA
Stocks With Unusual Call Option Activity:
  • 1) TRXC 2) AEO 3) CHEF 4) PSTG 5) TJX
Stocks With Most Positive News Mentions:
  • 1) VRAY 2) FLIR 3) HYFM 4) FSR 5) OVV
Charts:

Mid-Day Market Internals

NYSE Composite Index:
  • Volume Running +21.7% Above 100-Day Average 
  • 0 Sectors Rising, 11 Sectors Declining
  • 27.3% of Issues Advancing, 71.0% Declining
  • 157 New 52-Week Highs, 7 New Lows
  • 84.7% of Issues Above 200-day Moving Average
  • Average 14-Day RSI 52.2% 
  • Bloomberg Global Risk-On/Risk-Off Index 1,129.0 -329.0 points
  • Vix 27.0 +18.8%
  • Total Put/Call .78 -4.9%
  • TRIN/Arms .73 -30.4%

Sunday, January 03, 2021

Monday Watch

Today's Headlines
Bloomberg:       
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
NewsMax:     
TheGatewayPundit.com:
The Epoch Times:
Washington Times: 
  • Ossoff's China ties compound Democratic Party's Hunter Biden, Swalwell woes. The Perdue campaign connected the dots in a digital ad with news clips of critics, including Sen. Marsha Blackburn, Tennessee Republican, raising concerns about Mr. Ossoff’s company receiving payments from PCCW Media, which is owned in part by China Unicom, a Chinese state-run telecommunications provider.
Politico:
Daily Caller:
ProtectTheVote.com: 
HereIsTheEvidence.com:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
  • Asian indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 56.0 -.75 basis point.
  • China Sovereign CDS 28.0 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 62.96 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 1,467.0 -12.0 points.
  • Volatility Index(VIX) futures 25.75 +.68%. 
  • Euro Stoxx 50 futures -.28%.
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.31%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Construction Spending MoM for Nov. is estimated to rise +1.0% versus a +1.3% gain in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Manufacturing PMI report, Eurozone PMI report and the new Congress leadership elections could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

Saturday, January 02, 2021

Today's Headlines

Bloomberg:    
Wall Street Journal:
CNBC:
  • Had bullish commentary on (BAC), (KO), (AVGO), (SYY), (DIS), (WSM), (COST), (JWN) and (CVS).
  • Had bearish commentary on .
MarketWatch.com:    
Fox News:
Newsmax: 
Zero Hedge:
TheGatewayPundit.com:
Washington Times: 
  • Ossoff's China ties compound Democratic Party's Hunter Biden, Swalwell woes. The Perdue campaign connected the dots in a digital ad with news clips of critics, including Sen. Marsha Blackburn, Tennessee Republican, raising concerns about Mr. Ossoff’s company receiving payments from PCCW Media, which is owned in part by China Unicom, a Chinese state-run telecommunications provider.
Politico:
Daily Caller:
ProtectTheVote.com: 
HereIsTheEvidence.com:

Friday, January 01, 2021

Today's Headlines

Bloomberg:     
Wall Street Journal: 
CNBC:
IG:
MarketWatch.com:     
Fox News:
Newsmax: 
Zero Hedge:
TheGatewayPundit.com:
The Epoch Times:
Politico:
Daily Caller:
ProtectTheVote.com: 
HereIsTheEvidence.com: