Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook: Futures Positive

February 12, 2013

In After Hours Trading

Reported Friday after the close CCJ (+.17) MTGE (+.53). GOOG Vice Chairman Eric Schmidt to sell $2.5 billion of stock.

What’s Happening This Morning

US futures: (S&P +3.50, DJI +33, NDX +4.50 with fair value higher) Japan lower and China closed through Thursday, Europe higher. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.0271. Prices as of 7:50 a.m. EST.

Earnings Expected

Due after the close and tomorrow morning.

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

BWP(+.01) CNA (-.25) L(-.46) RDN (-.82)

Data Points

Yesterday saw 2001 stocks rise and 946 fall on the NYSE. NASDAQ saw 1494 rise and 838 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.


Markets are closed in China through Thursday.


Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with retail sales (Wednesday), industrial production and Michigan Sentiment (both Friday).


Federal Reserve Vice Chairman Janet Yellen speaks at 13:00 p.m. EST. EU Finance Ministers meet on Monday as well.

Conference & Analyst Meetings

Analyst meetings SNCR SQI. Barclay Big Data Conference. KBW Cards, Payments & Financial Technology Symposium.

Conference of Note

Molecular Medicine Tri-Conference 2013.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs USAC
Morgan Stanley
Deutsche Bank
Citigroup SCHW
Merrill Lynch TSO
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Lazard AEGR
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