Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Higher Before Economic Data Due

In After Hours Trading

CBI (+.08) JCP (-1.78) LTD (+.02) MYL (+.01) MNST (-.02). Secondaries announced CCG DFRG NEO CWH TSRO TRS AGNC DPM MPW. Due out today CWH NEO TSRO.

What’s Happening This Morning

US futures: (S&P +2.00, Dow Jones +10, NDX +5.00 with fair value a bit lower) Asia and Europe higher. Copper higher and gold lower with WTI Crude lower and Brent Oil Futures higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield -.0241. Prices as of 7:35 a.m. EST.

Earnings Expected

Due after the close CRM GPS UHS DRC PANW SPLK ENDP BID DECK PDLI and tomorrow MGA FWLT SUP AMRC before the open TD 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

CHS (IN LINE) KSS (+.03) TD (+.07) WNR (+.10) JOY (+.17) STWD (+.06) TGT (IN LINE).

Data Points

Yesterday saw 2303 stocks rise and 702 fall on the NYSE. NASDAQ saw 1648 rise and 809 fall. The S&P 500 is 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.



Q4 GDP is released at 8:30 a.m. EST and is expected to improve to 0.5% from the first release of -0.1%. Weekly Jobless Claims due out at the same time. Chicago PMI at 9:45 a.m. EST with Kansas City Fed Regional Manufacturing Survey at 11:00 a.m. EST.


Thursday sees several Federal Reserve officials speak at the Atlanta Federal Reserve banking forum. The Sequester Deadline hits at midnight.

Conference & Analyst Meetings

Analyst meetings DUK STT VOLVY HBI WLP . Morgan Stanley Tech, Media & Telecom Conference, Simmons Energy Conference and Lazard Med Tech & Life Sciences Tools Snowbird Conference.

Conference of Note

The Mobile World Congress in Barcelona.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs INXN  
Morgan Stanley   SKS
Deutsche Bank    
Citigroup AXLL  
Merrill Lynch   GRPN
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Lazard SGMO  
Credit Agricole    
Raymond James   GRPN
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One comment

  1. Raul3

    So that’s what happened at 11, gave the futures a 3 handles booster.

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