Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook: Futures Lower On Weakness Across The Pond

In After Hours Trading

No major events over the weekend.

What’s Happening This Morning

US futures: (S&P -3.75, Dow Jones -19, NDX -7.00 with fair value a bit higher so a slightly more negative on track) Asia mixed and Europe lower. Copper lower and gold higher with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield -0.0044. Prices as of 7:45 a.m. EST.

Earnings Expected

Due after the close URBN CASY HMIN ALOG STEI SGMS PWRD DMND XPRT and due tomorrow morning before the open COST GLDD EJ CORE BPI TICC LMIA BONT CACH.

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

CSIQ (-.18) DKS (-.03).

Data Points

Yesterday saw 2013 stocks rise and 970 fall on the NYSE. NASDAQ saw 1638 rise and 738 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 positive so our buy has not been concluded yet. We moved to cash on the Madison Market Timing Indicator which can be found on www.superstockinvestor.com.



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


Bank of Japan latest meeting minutes due today. Huse Budget Chairman Paul Ryan will unveil new budget plan on Tuesday.

Conference & Analyst Meetings

Analyst meetings AKAM TREX. Credit Suisse Services Conference.

Conference of Note

Bank of America Merrill Lynch Taiwan, Technology and Beyond Conference.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse AHL  
Banc of America    
Piper Jaffray    
Raymond James    
Sun Trust Robinson Humphrey    
Canaccord Genuity    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird MAIN  
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