Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook

In After Hours Trading

ALIM (+.06) MU (-.09) NKE (+.06) NWY (+.02) RUE (+.02). Secondaries filed GPK FRGI LNCO ABR. Secondaries to be priced PYMX FRGI GPK. IPOS to be priced Five Oaks Investment (OAKS) HF2 Financial Mgmt (HTWO) West Corp (WSTC) Marin Software (MRIN) . Coourtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +4.50, Dow Jones +43, NDX +7.80 with fair value a tad higher) Asia mixed and Europe mixed. Copper and gold lower with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury Yield +0.0086. Prices as of 7:45 a.m. EST.

Earnings Expected

No reports due after the close. Its Miller Time. Enjoy the 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

DRI (+.01) TIF (+.04)

Data Points

Yesterday saw 1052 stocks rise and 1942 fall on the NYSE. NASDAQ saw 779 rise and 1650 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 as -200 has yet to be breached. We moved to cash on the Madison Market Timing Indicator which can be found on www.superstockinvestor.com.



Dead day for economic reports.


Cyrpus Government continues discussions to shore up its finances and the ECB has given a deadline of Monday to reach agreement or the ECB will step away.

Conference & Analyst Meetings

Analyst meetings HW TRI ECYT. Credit Suisse Asian Investor Conference and Nomura Global Chemical Industry Leaders Conference.

Conference of Note

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    
Banc of America    
KeyBanc Capital    
Sun Trust Robinson Humphrey USG  
Raymond James R  
Credit Agricole   LULU
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