Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Flat

In After Hours Trading

CCRN (-.30) OMER (+.05) SSRX (-.03) ZIOP (-.19)

What’s Happening This Morning

US futures: (S&P +1, Dow Jones +4, NDX +1.80 with fair value lower so positive to the open) Asia mixed and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury Yield -0.0174. Prices as of 7:30 a.m. EST.

Earnings Expected

Due after the close ADBE TRQ CTAS WSM AIR. Due tomorrow morning FDX GIS LEN ATU.

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

DSW (-.03) FDS (-.09) RTK (-.04) RNF (-.17) SVNT (+.06) WAG (+.03).

Data Points

Yesterday saw 1169 stocks rise and 1851 fall on the NYSE. NASDAQ saw 799 rise and 1589 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.



February Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 916,000 from 890,000.


Cyrpus Parliament is meeting to vote on levy proposal.

Conference & Analyst Meetings

Analyst meetings KLIC. Roth Annual Conference, Sidoti Emerging Growth Conference, Credit Suisse Asian Investment Conference, NYSSA Annual Insurance Conference, Exane BNP Paribas Basic Materials Seminar, Morgan Stanley European Financials Conference, Citi Annual European & Emerging Markets Telecoms Conference, Barclays Emerging Payments Conference and Bank of America Merrill Lynch Global Industrials & EU Conference.

Conference of Note

Roth Annual Conference

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs   JNPR
Morgan Stanley   KSS
Deutsche Bank    
Merrill Lynch   RSH
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Cowen AUY  
Jefferies ACAD  
KeyBanc Capital KS  
Sun Trust Robinson Humphrey    
Raymond James YHOO  
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