Monday, January 29, 2024

Bull Radar

Style Outperformer:

  • Small-Cap Growth +.9%
Sector Outperformers:
  • 1) Alt Energy +1.5% 2) Internet +1.1% 3) Biotech +1.1%
Stocks Rising on Unusual Volume:
  • TARS, VKTX, CGEM, PWP, EOLS, IMNM, VERA, REVG, COIN, ATXS, HMN, ZIM, INOD, YMAB, AAOI, AVDL, PTGX, S, KALV, GTLS, RPD, WEAV, CMPS, BOOM, OPRA, PATH, ADM, CCL, MARA, CUK, LEVI, PINS, APP, BPMC and EXP
Stocks With Unusual Call Option Activity:
  • 1) KKR 2) DLTR 3) SOFI 4) EA 5) EWW
Stocks With Most Positive News Mentions:
  • 1) SOFI 2) LCID 3) PWP 4) AITX 5) ZI

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CCJ)/.03
  • (AOS)/.96
  • (GLW)/.39
  • (DHR)/1.89
  • (GM)/1.16
  • (HCA)/5.05
  • (JBLU)/-.27
  • (JCI)/.78
  • (MAN)/1.19
  • (MDC)/1.50
  • (PFE)/-.18
  • (PII)/2.57
  • (PHM)/3.21
  • (SYY)/.88
  • (UPS)/2.46
After the Close: 
  • (AMD)/.77
  • (GOOG)/1.59
  • (BXP)/1.81
  • (CB)/5.12
  • (EA)/2.93
  • (EQR)/1.00
  • (JNPR)/.63
  • (MANH)/.80
  • (MTCH)/.50
  • (MSFT)/2.77
  • (MDLZ)/.78
  • (RHI)/.82
  • (SKWS)/1.95
  • (SBUX)/.93
  • (SYK)/3.97
  • (TER)/.72
  • (MPC)/2.21
Economic Releases

9:00 am EST

  • The FHFA House Price Index MoM for Nov. is estimated to rise +.3% versus a +.3% gain in Oct.
  • The CoreLogic CS 20-City MoM SA for Nov. is estimated to rise +.5% versus a +.64% gain in Oct.

10:00 am EST

  • The Conference Board Consumer Confidence Index for Jan. is estimated to rise to 114.3 versus 110.7 in Dec. 
  • The JOLTS Job Openings Index for Dec. is estimated to fall to 8750K versus 8790K in Nov.
10:30 am EST
  • The Dallas Fed Services Activity Index for Jan.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The IMF meetings, Dallas Fed PCE for Dec., API Weekly Crude Oil Stock report, Texas Services Sector Outlook for Jan., weekly US retail sales reports, (HRL) annual meeting and the (DGII) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

Morning Market Internals

NYSE Composite Index:

  • Volume Running -14.7% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 12.1 +.7
  • 4 Sectors Declining, 7 Sectors Rising
  • 50.9% of Issues Advancing, 46.4% Declining 
  • TRIN/Arms 1.44 +65.5% 
  • Non-Block Money Flow -$89.5M
  • 88 New 52-Week Highs, 16 New Lows
  • 62.2%(+.03%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 62.0 -2.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 61.1 -.5%
  • Bloomberg Cyclicals/Defensives Pair Index 138.1 -.26%
  • Russell 1000: Growth/Value 19,082.2 +.35%
  • CNN Fear & Greed Index 76.0 (Extreme Greed) -1.0
  • 1-Day Vix 8.0 -15.5%
  • Vix 13.8 +4.3%
  • Total Put/Call .92 +2.2%

Sunday, January 28, 2024

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal:
MarketWatch.com:
TheGatewayPundit.com:
X:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 100.75 +2.0 basis points.
  • China Sovereign CDS 65.25 +1.25 basis points.
  • China Iron Ore Spot 136.0 USD/Metric Tonne +.7%.
  • Bloomberg Emerging Markets Currency Index 40.8 unch.
  • Bloomberg Global Risk-On/Risk Off Index 61.5 +.1%.
  • Volatility Index(VIX) futures 14.2 +.6%. 
  • Euro Stoxx 50 futures -.17%.
  • S&P 500 futures -.08%.
  • NASDAQ 100 futures +.04%.

BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.

Saturday, January 27, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:
Barron's:
  • Had bullish commentary on (CHK), (NVDA), (LVS) and (BFAM).

CNBC:

Reuters:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
OpenVAERS:
SKirsch.com:

Friday, January 26, 2024

Evening Headlines

Bloomberg:
Zero Hedge:
Wall Street Journal:

CNBC:

Reuters:

MarketWatch.com:

Fox News:

TheGatewayPundit.com:

Epoch Times:

OpenVAERS:
SKirsch.com: