Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Flat

February 8, 2013

In After Hours Trading

ATVI (+.06) COLM (+.012) HAS (-.20) LNKD (+.16) MCHP (+.02) NCR (+.02) PRI (-.03) RVBD (.00) XL (+.45).

What’s Happening This Morning

US futures: (S&P +0.50, DJI -5, NDX +4.80 with fair value slightly higher) Asia higher ex Japan and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US ten-year Treasury Yield -.0177. Prices as of 7:55 a.m. EST.

Earnings Expected

Due after the close CCJ MTGE.

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

AOL(+.01) CSL (+.04) ETR(+.01) IVC (+.12) LH (-.08) NBIX (+.22) SIRO (+.09)

Data Points

Yesterday saw 1280 stocks rise and 1698 fall on the NYSE. NASDAQ saw 929 rise and 1520 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.



December Trade Balance is due out at 8:30 a.m. EST and is expected to come in at $-42.5 billion against $-45.4 billion. USDA Crop Report is due at 8:30 a.m. EST.


Federal Reserve Minneapolis President Kocherlakota speaks at 3:45 p.m. EST.

Conference & Analyst Meetings

Analyst meetings QLIK MAT GLW. BMO 210th Annual Infrastructure & Utilties Conference.

Conference of Note

Hempcon 2013.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs
Morgan Stanley
Deutsche Bank
Citigroup BIIB
Merrill Lynch ACM VOD
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Raymond James
Cantor Fitzgerald
Credit Agricole
Dahlman Rose
Keefe Bruyette
Friedman Billings
Robert W. Baird
Needham ESE
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