Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Lower

In After Hours Trading

AIRM (+.11) DECK (+.15) GPS (+.02) (+.01) MTZ (+.01) MDR (-.06) OVTI (+.15) PANW (+.01) CRM (+.11) SD (+.06) TESO (+.12). Secondaries announced . Due out today .

What’s Happening This Morning

US futures: (S&P -8.25, Dow Jones -60, NDX -13 with fair value a bit lower) Asia ex Shanghai and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US ten-year Treasury Yield -.0275. Prices as of 7:35 a.m. EST.

Earnings Expected

No earnings due after the close. It’s Miller Time have a good weekend.

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

FWLT(-0.19) NWN (-.05).

Data Points

Yesterday saw 1528 stocks rise and 1453 fall on the NYSE. NASDAQ saw 1201 rise and 1247 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 moved to cash on the Madison Market Timing Indicator last week which can be found on www.superstockinvestor.com.



January Personal Income is due out at 8:30 a.m. EST and is expected to drop to -2.1% versus 2.6%. Then at 10:00 a.m. EST January Construction Spending is due out and expected to fall to 0.4% versus 0.9%. Also, at the same time ISM Manufacturing is due out at expected to fall to 52.5 from 53.10.


March car and truck sales due at 2:00 p.m. EST.


President Obama meets with Congressional leaders as the Sequester kicks into gear at 8:00 a.m. EST. Federal Reserve Chairman Bernanke speaks tonight on low long term interest rates

Conference & Analyst Meetings

Analyst meetings BPOP KEYW. Simmons Energy Conference and Lazard Med Tech & Life Sciences Tools Snowbird Conference.

Conference of Note

American Academy of Dermatology Annual Meeting.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan
Goldman Sachs DB
Morgan Stanley
Deutsche Bank
Merrill Lynch
Wachovia/Wells Fargo
Credit Suisse
Banc of America
Lazard PCLN
Credit Agricole
Jefferies ADSK
Raymond James
Sun Trust Robinson Humphrey
Cantor Fitzgerald ISRG SLXP
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