Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Fututes Higher But Off Peak

In After Hours Trading

ADTN (+.06) HCSG (+.02) PSMT (+.82) SEAC (+.09).

 Several IPOs  KNOT Offshore Partners LP and Taylor Morrison Home Corp are due today and RSO will price a secondary offering.Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +4.25, Dow Jones +41, NDX +9.50 with fair value a bit lower, which will help the opening slightly) Asia higher ex Shanghai and Europe higher. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0102. Prices as of 7:55 a.m. EST.

Earnings Expected

Reports due after the close BBBY VECO RH APOG RT AVID RELL DRWI. Due tomorrow morning CBSH PIR RAD IGTE SMRT LEDS.

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

FDO (-.01) TITN (-.19).

Data Points

Yesterday saw 1735 stocks rise and 1248 fall on the NYSE. NASDAQ saw 1192 rise and 1174 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke its 50 day moving average yesterday. The 10 day spread moving average of breadth is positive. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.



Dallas Federal Reserve President Richard Fisher speak on economic and monetary policy and Federal Reserve Atlanta President Lockhart as well as Federal Reserve Minneapolis President Kocherlakota.


FOMC Minutes released at 2:00 p.m. EDT.


G-8 Ministers begin a two day meeting in London. President Obama sends his delayed budget plan to Congress for fiscal year 2014.

Conference & Analyst Meetings

Analyst meetings IHS CVX. Bank of America Online Gaming Symposium, Jefferies Steel & Metals Summit and World Copper Conference.

Conference of Note

National Space Symposium.

M & A News

TMO to make a bid for LIFE at $65 a share.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs ABC ARO OKS
Morgan Stanley    
Deutsche Bank    
Citigroup ESYJY  
Merrill Lynch STWD  
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Raymond James   PCCC
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