Monday, August 29, 2022

Bear Radar

Style Underperformer:

  • Large-Cap Growth -.6%
Sector Underperformers:
  • 1) Semis -1.5% 2) Electric Vehicles -1.4% 3) Digital Health -1.3%
Stocks Falling on Unusual Volume: 
  • LUMN, CELH, LTH, OKTA, AVAV, SAVA, SITM, CF, SMTC, EXFY, OLPX, AEHR, AEHR, HT, GTES, SNOW, BMY, ASAN, NARI, MDB, DWAC, NAVI, CTLT, GDYN and CLAR
Stocks With Unusual Put Option Activity:
  • 1) VNQ 2) AMRS 3) XME 4) BMY 5) BBY
Stocks With Most Negative News Mentions:
  • 1) SLQT 2) HGEN 3) DWAC 4) DOW 5) MMM
Charts:

Bull Radar

Style Outperformer:

  • Large-Cap Value -.1%
Sector Outperformers:
  • 1) Energy +2.1% 2) Oil Service +1.2% 3) Utilities +.6%
Stocks Rising on Unusual Volume:
  • BBBY, CFVI, BRG, EE, STR and SMR
Stocks With Unusual Call Option Activity:
  • 1) FXY 2) GSAT 3) CMRX 4) ZEN 5) AREC
Stocks With Most Positive News Mentions:
  • 1) PDD 2) NSSC 3) AREC 4) OLB 5) SNTG

Morning Market Internals

NYSE Composite Index:

  • Volume Running -21.2% Below 100-Day Average 
  • 10 Sectors Declining, 1 Sector Rising
  • 26.2% of Issues Advancing, 69.3% Declining
  • 16 New 52-Week Highs, 105 New Lows
  • 31.7% of Issues Above 200-day Moving Average
  • Average 14-Day RSI 43.0% 
  • Bloomberg Global Risk-On/Risk-Off Index 41.9 +1.3%
  • Russell 1000: Growth/Value 15,628.73 -.32%
  • Vix 26.7 +4.6%
  • Total Put/Call 1.22 +14.0%
  • TRIN/Arms .78 -56.4%

Sunday, August 28, 2022

Monday Watch

Today's Headlines

Bloomberg:         
Wall Street Journal: 
Fox News:
CNBC:
Zero Hedge:
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -2.0% to -1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 131.0 +2.5 basis points.
  • China Sovereign CDS 70.25 +4.25 basis points.
  • Bloomberg Emerging Markets Currency Index 48.75 -.14%.
  • Bloomberg Global Risk-On/Risk Off Index 42.0 +1.6%.
  • Bloomberg US Financial Conditions Index -.44 -14.0 basis points 
  • Volatility Index(VIX) futures 27.0 +3.1%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -1.2%.
  • NASDAQ 100 futures -1.6%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (HEI)/.66
Economic Releases
10:30 am EST
  • Dallas Fed Manufacturing Activity for August is estimated to rise to -12.2 versus -22.6 in July.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Brainard speaking, Australia Retail Sales report, Jefferies Semi/IT Hardware/Communications Infra Summit could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by industrial and technology shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon.  The Portfolio is 25% net long heading into the week.

Saturday, August 27, 2022

Today's Headlines

Bloomberg:
Wall Street Journal:

Fox News: 

CNBC:
Zero Hedge:
MarketWatch.com:              
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):

Friday, August 26, 2022

Evening Headlines

Bloomberg:

Fox News: 

CNBC:
Zero Hedge:
MarketWatch.com:            
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):