Joined Dec 4, 2012
319 Blog Posts

Daily Playbook

January 9, 2013

In After Hours Trading

AA ( in line), APOL (+.32), GPN (+.06), WDFC (+.13).

What’s Happening This Morning

US futures: (S&P +2.35, DJI +23, NDX +2.80 with fair value a bit lower) Asia and Europe higher. Copper higher and gold lower with WTI Crude & Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield -.0008. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings due after the close TXI RT RELL VOXX DRWI. Due out tomorrow morning MSM SVU.

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

AZZ (+.05), GBX (+.04).

Data Points

Yesterday saw 1372 stocks rise and 1635 fall on the NYSE. NASDAQ saw 1066 rise and 1436 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. We are back to invested on the Madison Market Timing Indicator.



Weekly Crude Inventories due out at 10:30 a.m. EST. Treasury holds a 10 year auction today.


Secretary of State Hillary Clinton will now testify on January 22. CT Senator Richard Blumenthal introduced a bill in the Senate to toughen purchasing requirements for ammunition.

Conference & Analyst Meetings

JP Morgan Healthcare Conference, Goldman Sachs Global Energy Conference, Merrill Lynch Defense Outlook and Dahlman Rose Precious Metals Conference.

Conference of Note

Consumer Electronics Show (CES) continues today in Las Vegas.

M & A News

DISH to buy CLWR for $3.30 a share. Watch to see if S counters as they have a bid for CLWR already and hold a minoroty position in the stock that includes certain rights DISH is asking them to waive.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan SON
Goldman Sachs MA ONE WU
Morgan Stanley SYY
Deutsche Bank
Citigroup ESI
Wachovia/Wells Fargo
Credit Suisse APU
Banc of America
Merrill Lynch
Jefferies CTXS PCG
Cantor Fitzgerlad
Dahlman Rose
Sterne Agee
Stifel Nicolaus
Societe Generale ABB
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  1. PirateSmile

    FWIW, your daily playbook is very helpful. Beaucoup thanks.

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  2. Geoff Garbacz

    No problem just trying to help out my fellow mankind. Thanks.

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