Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Lower Lots Of Key Data Points Today & After The Close

In After Hours TradingNegative story on 60 Minutes about Chinese real estate hits those markets hard this morning.

What’s Happening This Morning

US futures: (S&P -1.05, Dow Jones -17, NDX -6.25 with fair value a bit lower) Asia lower ex Japan and Europe lower. Copper lower 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 +.0094. Prices as of 7:45 a.m. EST.

Earnings Expected

Earnings due after the close ASNA ABM QUAD SHFL SNTS TUMI. Due tomorrow morning BNS KRO HEES RIGL BKR OXF.

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

ARNA (-.05) BYD (-.18) CEL (+.30) SSYS (+.02) TECD (-.28).

Data Points

Yesterday saw 1664 stocks rise and 1305 fall on the NYSE. NASDAQ saw 1393 rise and 1051 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.


Bank Stress Tests due out after the close and will impact a myriad of bank shares.


Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with factory orders, Q4 productivity, nonfarm payrolls and the unemployment rate as well as the ADP Jobs Report and the Challenger Gray & Christmas Jobs Cut Report.


President Obama spent the weekend canvassing both parties to get votes for changes to Sequester. Federal Reserve Vice Chairman Yellen speaks at 8:00 a.m. EST. Eurozone Finance Ministers meet to discuss the current state of the economy while the G-20 meets ahead of an April IMF Meeting. The Reserve Bank of Australia will announce any changes to its interest rate policy before the market opens Tuesday.

Conference & Analyst Meetings

Analyst meetings D. Raymond James Conference, Deutsche Bank Media & Telecom Conference, Cowen Health Care Conference, Morgan Stanley Asia Technology, Media, Telcoms and Internet Conference and Citigroup Global Property Conference.

Conference of Note

American Academy of Dermatology Annual Meeting.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan TEF  
Goldman Sachs CLD LHO
Morgan Stanley FTE  
Deutsche Bank    
Merrill Lynch MRK PNK RJET
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Piper Jaffray ONCY  
Raymond James    
Sun Trust Robinson Humphrey    
Cantor Fitzgerald    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham MDVN  
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