Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook: And On The Eighth Day Bernanke Rested

In After Hours Trading

ALOG (+15)( CASY (-.08) DMND (-.03) PWRD (-.01) SGMS (-.34)URBN (-.01).

What’s Happening This Morning

US futures: (S&P -2.50, Dow Jones -26, NDX -5.80 with fair value a bit lower so slightly helpful to the open) Asia mixed and Europe lower. Copper and gold higher with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury Yield -0.0228. Prices as of 7:45 a.m. EST.

We note the S&P 500 has risen for 7 days in a row.

Earnings Expected

Due after the close DOLE IRET IPAR GCA KTOS PPHM GERN and due tomorrow morning before the open KRO EXPR AH AMRC ES TA PERI.

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

COST (+.05) EJ (-.01) RDNT (-.16) SSI (+.17).

Data Points

Yesterday saw 1600 stocks rise and 1376 fall on the NYSE. NASDAQ saw 1253 rise and 1191 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. No releases of note today. The flow starts tomorrow.


Treasury holds a 3 year $32 billion auction.


The latest Treasury Budget for the U.S. is due out at 2:00 p.m. EDT.

Conference & Analyst Meetings

Analyst meetings TASR VDSI. Credit Suisse Services Conference,Bank of America Merrill Lynch Taiwan, Technology and Beyond Conference, Piper Jaffray Technology, Media and Telecom Conference, Barclays Healthcare Conference and Bank of America Merrill Lynch 2013 Consumer & Retail Conference.

Conference of Note

South By Southwest Tech Conference in Austin, Texas through Thursday.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs VSI RSH
Morgan Stanley    
Deutsche Bank    
Citigroup AXLL  
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