Joined Dec 4, 2012
319 Blog Posts

Daily P/Laybook Futures Mixed

In After Hours Trading

APOG (-.02) RELL (-.02).

 Several IPOs are due 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 +0.25, Dow Jones +6, NDX -6.80 with fair value a bit lower, which will help the opening slightly) Asia higher ex Shanghai and Europe higher. Copper lower and gold slightly higher with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury Yield +0.0047. Prices as of 7:55 a.m. EST.

Earnings Expected

Reports due after the close . Due tomorrow morning .

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

CBSH (-.01) IGTE (+.09) RAD (+.12) LEDS (+.05).

Data Points

Yesterday saw 2287 stocks rise and 730 fall on the NYSE. NASDAQ saw 1982 rise and 528 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke back above its 50 day moving average on Monday. 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.



Federal Reserve Philadelphia President Plosser and Federal Reserve Saint Louis President Bullard speak.   Weekly Jobless Claims due at 8:30 a.m. EDT.


G-8 Ministers continue a two day meeting in London.

Conference & Analyst Meetings

Analyst meetings AYR SNTS NVDA. Sun Trust Utica Shale Mini Conference, Bank of America Merrill lynch Testing, Inspection Certification and Assurance Conference and World Copper Conference.

Conference of Note

National Space Symposium.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs DGX SIAL MSFT
Morgan Stanley    
Deutsche Bank    
Citigroup   LNVGY
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
Raymond James    
Societe Generale   IAG
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