Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Up But So Is Fair Value = Flat Open

In After Hours TradingAWK (-.01) AVGO (+.05) FSLR (+.30) PZZA (-.02) PCLN (+.27) RRC(+.18)


What’s Happening This Morning

US futures: (S&P +3.75, Dow Jones +34, NDX +6.80 with fair value higher) Asia MIXED and Europe HIGHERer. Copper and gold lower with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US ten-year Treasury Yield -.0206. Prices as of 7:55 a.m. EST.

Earnings Expected

Due after the close and CLR LTD NYL MNST PLL MWE WES CBI JCP tomorrow before the open TD VRX SDRL KSS BBY SHLD RDC CVC CHS DPZ among others.

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

AES (+.01) CRI (+.04) DLTR (+.02) JOY (+.17) STWD (+.06) TGT (IN LINE).

Data Points

Yesterday saw 1981 stocks rise and 997 fall on the NYSE. NASDAQ saw 1487 rise and 968 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 now negative but our buy has not been concluded yet. We just moved to cash on the Madison Market Timing Indicator last week which can be found on www.superstockinvestor.com.



January Durable Goods is due out at 8:30 a.m. EST and is expected to come in at-4.0% against 4.3%. Weekly Mortgage Applications and Crude Inventories are due out at 7:00 a.m. and 10:30 a.m.


Federal Reserve Dallas President Fisher will speak in New York on Wednesday. Federal Reserve Chairman Bernanke testifies before Congress at 10:00 a.m. EDT.

Conference & Analyst Meetings

Analyst meetings ECL CR CSTR AAPL. Morgan Stanley Tech, Media & Telecom Conference, JP Morgan Global High Yield & Leverage Finance Conference, RBC Global Healthcare Conference and Citi Global Healthcare Conference.

Conference of Note

The Mobile World Congress runs through Thursday in Barcelona.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs   GTI
Morgan Stanley    
Deutsche Bank    
Citigroup BMO  
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Credit Agricole    
Raymond James    
Sun Trust Robinson Humphrey EIX  
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