Superstock Investor
Morning Briefing

Wednesday, December 21, 2022

Morning Matters:

Weekly Chart of S&P 500

The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) of the S&P 500 sees the current price now in its channel as stocks are mixed. As such, bias is neutral on a weekly basis.

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Second, the Erlanger Volume Swing (EVS) is at 17.48 from 10.65 last week. Above 0 is good and below 0 is bad. The current action is now positive.

Third, the Erlanger Crossover Spread (EC) Spread moves to 16.63 from 72.08.

Last, the Erlanger Trend Direction (ETD) moves from uptrend to pullback.

So what is an investor to do here? We would recommend taking partial new positions on longs and look to add some shorts with tight stops if the rally fades.

We are 75% invested in our Morning Matter Portfolio.


Market Matters:

The Christmas Miracle, A Rally That Lasts Two Day On Nike and Fedex Earnings Reports

Overnight Summary: The S&P 500 closed Tuesday up 0.10% at 3821.62 from Monday at 3817.66 (lower by -0.90%).  The overnight high of 3876 was hit at 8:50 p.m. EST. The low was hit at 3857.50 at 3:15 a.m. EST, a range of ~19 points high to low.  At 7:15 a.m. EST, the S&P 500 (mini) was +19.

Earnings Out After The Close: 

Unusual Options Activity:

Daily Screen in Erlanger Chartroom that highlights unusual Call and Put Options activity.  It looks for volume outliers relative to the Open interest in Calls or puts.  Usually, the stock price activity reflects the outlier situation (earnings/buyout/announcement), but once in awhile you can uncover stocks prior to a pop or drop.


Capital Raises:

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

What’s Happening This MorningFutures value reflects the change with fair value.

S&P 500 +24, Dow Jones +281,  NASDAQ +54,  and Russell 2000 +14(as of 7:57 a.m. EST).  Asian markets are lower ex the ASX 200.  Europe markets are trading higher. VIX Futures are at 23.55 from 24.12.  Gold and Silver lower with Copper higher.  WTI Crude Oil and Brent higher with Natural Gas higher as well. $ barely down. US 10-year Treasury sees yields at 3.67% from 3.649% from 3.541%. The U.S. Dollar is flat versus the Euro, lower versus the Pound and higher against the Yen. Bitcoin is at $16,844 from $16,830 lower by -0.26%.

Sector Action – (1/3/6/12/YTD Updated Weekly with Monday release):  

U.S. stock indexes and bond yields rose after the Bank of Japan surprised investors by raising the cap on a benchmark rate, inching away from its ultrarelaxed monetary policies.  The S&P 500 added 3.96 points, or 0.1%, to 3821.62, on Tuesday. The Nasdaq Composite rose 1.08 points, or less than 0.1%, to 10547.11. The Dow Jones Industrial Average gained 92.20 points, or 0.3%, to 32849.74.  The major indexes on Tuesday broke a four-session losing streak. Out of the 11 sectors in the S&P 500, consumer discretionary, consumer staples, healthcare and real estate traded lower. Energy and materials stocks were the biggest gainers. (WSJ)

Click here for a video explanation of Erlanger Value Lines.

Upcoming Earnings Of Note: (sorted by market cap, highest to lowest with most visible names)

Earnings of Note This Morning:


Erlanger Research Advance/Decline Chart: 

Gap Ups & Down In Early Pre-Market:

Insider ActionBCTX sees Insider buying with dumb short selling.  No stock sees Insider buying with smart short sellers.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

Moving Average Update:



Federal Reserve / Treasury Speakers:

M&A Activity:

Meeting & Conferences of Note:

Top Tier Sell-side Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting it to make the reader aware of market moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Today’s Upgrades and Downgrades:

Previous Day’s Upgrades and Downgrades:


Today's Superstock Investor Stock Scorecard:

Chubb Limited (CB)
by Superstock Investor


This stock has been selected as today's example of the Superstock Investor Stock Scorecard.

Company Information

Company: Chubb Limited
Sector: Insurance
Industry: Property & Casualty Insurance
Market Cap:  $70,940,000,000


  Price %Gain  
Current Price $193.56    
Price Target $130.23 -0.1%  
Upper Bound $162.79 0.1%  
Lower Bound $97.67 -0.3%  

Stock data last updated 07/11/2022.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.