Daily Playbook

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In After Hours Trading

MCP fell in after hours after its CEO Mark Smith resigned.

What’s Happening This Morning

US futures: (S&P +3.70, DJI +24, NDX +6.50 with fair value lower) Asia and Europe higher. Copper and gold higher with WTI Crude Futures higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.01. Prices as of 8:00 a.m. EST.

Earnings Expected

RSTO AVNR due after the close. Due Thursday morning before the open none of note.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

COST (+.02), JOY (+.01).

Data Points

Yesterday saw 2045 stocks rise and 971 fall on the NYSE. NASDAQ saw 1762 rise and 713 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive and is now back to a buy signal. We are back to invested on the Madison Market Timing Indicator.

 

Economics

None of note.

Politico

The Federal Reserve is expected to announce its follow-up action to Operation Twist. Decision due at 12:30 p.m. EST. Federal Reserve Chairman Bernanke to speak at 2:15 p.m. EST.

Conference & Analyst Meetings

Analyst Meetings AKAM TSO ENR AET EMN BFO. Conferences of note Dell World, Wedbush Securities Consumer Conference, Macquarie Global Metals & Mining Conference and the Annual Alzheimers Drug Development Summit.

Conference of Note

Power-Gen International Conference.

M & A News

No deals of note overnight.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan DDD STX
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup
Barclays
Wachovia/Wells Fargo SF
Credit Suisse
Banc of America
UBS
Lazard
Merrill Lynch CPLP
Jefferies
Oppenheimer
RBC
Bernstein
Stifel Nicolaus
CLSA
Keefe Bruyette
Friedman Billings
Robert W. Baird TW PB
Needham
Cowen
PiperJaffray ALNY TTWO
Dahlman Rose
RBS
Raymond James
CIBC
Dresnder
Key Banc ABM
Comments are closed.
Previous Posts by ggarbacz

Daily Playbook

22 views

In After Hours Trading

MCP fell in after hours after its CEO Mark Smith resigned.

What’s Happening This Morning

US futures: (S&P +3.70, DJI +24, NDX +6.50 with fair value lower) Asia and Europe higher. Copper and gold higher with WTI Crude Futures higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.01. Prices as of 8:00 a.m. EST.

Earnings Expected

RSTO AVNR due after the close. Due Thursday morning before the open none of note.

Rags & Mags: Inside Wall Street

We are big fans of www.247wallst.com summary of the newspapers each day. Going forward we will link to their website so you can read their summary, Media Digest

Reported Earnings This Morning

COST (+.02), JOY (+.01).

Data Points

Yesterday saw 2045 stocks rise and 971 fall on the NYSE. NASDAQ saw 1762 rise and 713 fall. The S&P 500 now back above its 50 day moving average and above the 200 day moving average. The 10 day spread moving average of breadth is positive and is now back to a buy signal. We are back to invested on the Madison Market Timing Indicator.

 

Economics

None of note.

Politico

The Federal Reserve is expected to announce its follow-up action to Operation Twist. Decision due at 12:30 p.m. EST. Federal Reserve Chairman Bernanke to speak at 2:15 p.m. EST.

Conference & Analyst Meetings

Analyst Meetings AKAM TSO ENR AET EMN BFO. Conferences of note Dell World, Wedbush Securities Consumer Conference, Macquarie Global Metals & Mining Conference and the Annual Alzheimers Drug Development Summit.

Conference of Note

Power-Gen International Conference.

M & A News

No deals of note overnight.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan DDD STX
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup
Barclays
Wachovia/Wells Fargo SF
Credit Suisse
Banc of America
UBS
Lazard
Merrill Lynch CPLP
Jefferies
Oppenheimer
RBC
Bernstein
Stifel Nicolaus
CLSA
Keefe Bruyette
Friedman Billings
Robert W. Baird TW PB
Needham
Cowen
PiperJaffray ALNY TTWO
Dahlman Rose
RBS
Raymond James
CIBC
Dresnder
Key Banc ABM
Comments are closed.