Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Slightly Higher

In After Hours Trading

IPOS to be priced this week include Cancer Genetics and Independent Bank Group. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +0.75, Dow Jones +14, NDX +4.50 with fair value a bit higher, futures were lower earlier in the morning so an improvement to the pre-market session) Asia lower and Europe higher. Copper and gold lower with WTI Crude and Brent Oil Futures higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury Yield +0.0259. Prices as of 7:40 a.m. EST.

Earnings Expected

Reports due after the close VECO SCVL MBND. Due tomorrow morning MKC HNR.

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

CALM (+.01) OXF (-.16).

Data Points

Yesterday saw 1904 stocks rise and 1090 fall on the NYSE. NASDAQ saw 1373 rise and 1079 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 back to positive. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.



February Construction Spending is due out at 10:00 a.m. EDT and is expected to improve to 1.0% from -2.1%. At the same time, March ISM Manufacturing is due out and expected to drop to 54% from 54.2%.


The Reserve Bank of Australia (RBA) will announce its latest rate decision at 10:30 p.m. EDT.


The House and Senate are on break this week.

Conference & Analyst Meetings

Analyst meetings none of note. Announcement due from . New York International Auto Shows runs through Sunday. Geosynthetics Conference is held in Long Beach, California.

Conference of Note

New York International Auto Shows runs through Sunday.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs TAP CCE
Morgan Stanley    
Deutsche Bank    
Citigroup APAM  
Merrill Lynch MAC  
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