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.

Economics

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.

Politico

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

So what did we write about today for our free Morning Briefing?

• First we highlighted WDFC which has earnings due and our stock scorecard price target is almost 20% higher.
• Then we featured an article on North Korea on CNN’s website.
• Our Morning Matters featured a macro review of the 50 day moving average slope on the major indexes across the major asset classes. What is negative and positive? What just turned lower?
• Last the Daily P/Laybook is reviewed which we update here.

Remember this update is free and all you have to do is go to www.superstockinvestor.com to sign up. The sign up is in the middle of the page. Be Informed Or Perish.

In After Hours Trading

Earnings reported after the close MND (-.13).

Secondaries announced after the close LSE. Nothing on deck so far. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +6, Dow Jones +52, NDX +10.50 with fair value lower, which will improve the opening a bit) Asia lower ex Japan and Europe higher ex the FTSE. Copper and gold lower with WTI Crude and Brent Oil Futures higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0052. Prices as of 7:45 a.m. EST.

Earnings Expected

Reports due after the close WDFX XRTX. Due tomorrow morning none of note.

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

GBX (+.12) ISCA (-.03) RPM (+.01) (-.07).

Data Points

Yesterday saw 648 stocks rise and 2365 fall on the NYSE. NASDAQ saw 582 rise and 1796 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.

Economics

Challenger, Gray & Christmas released its latest job cuts data and there were 49,255 cuts. Weekly Jobless Claims take on added significance with Friday’s Jobs Data. The Bank of England (BOE) left rates unchanged. European Central Bank (ECB) keeps rates on hold as well. ECB President Mario Draghi will hold a press conference at 8:30 a.m. EDT.

Politico

The House and Senate are on break this week.

Federal Reserve Chairman Bernanke speaks Thursday as does Federal Reserve Vice Chairman Janet Yellen who speaks at the Sabew Spring Conference in Washington, D.C.

Conference & Analyst Meetings

Analyst meetings EPIQ FB PRIM WPC PDCE. New York International Auto Shows runs through Sunday. Geosynthetics Conference is held in Long Beach, California and concludes today. Cloud Connect.

Conference of Note

New York International Auto Shows runs through Sunday.

M & A News

Key Upgrades and Downgrades

For those that are not aware we write a daily column called Morning Matters. It is published each day in Super Stock Investor (www.superstockinvestor.com) along with Market Matters, Articles That Matter and the Stock Scorecard. Best of all it is free and all you have to do is sign up and it is delivered each day at 8:00 a.m. EDT each day.  Why do we mention it? Because this morning we wrote an important article we wanted to share.  Here You Go:

Our tracking of High Beta to Low Volatility and Large Cap to Small Cap shows both High Beta and Small Cap lagging. If this trend continues, then it is almost a guarantee of a correction.

We track the Powershares S&P High Beta (SPHB) versus Powershares S&P Low Volatility (SPLV). SPHB is down on an absolute and relative basis since mid March.

Meanwhile, the iShares Russell 2000 (IWM) is lagging the SPDRS Trust Unit (SPY) that tracks the S&P 500.

Even though the headlines were the market was higher, the IWM was lower by -0.62% after dropping -1.34% on Monday. Follow this trend closely.

A smart trader will always want to track high beta versus low volatility. It tells him when to put the pedal to the metal.

We recommended NSC as a buy on 1/4/13 at $65.25.  Transportation names have peaked for the time being. We will lock in our gain here at $75.39.  Continue to raise cash and be a patient buyer.

In After Hours Trading

Earnings reported after the close GII (+.01) GPN (-.02) CALL (+.40) OXM (-.05) TISI (-.02). 

Secondaries announced after the close ARCC GIFI SEP. Secondaries due this morning IRET NAT PRE. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +1, Dow Jones +2, NDX +1.50 with fair value lower, which will improve the opening fractionally) Asia lower ex Japan and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, flat vs. Pound and flat vs. Yen. US 10 year Treasury Yield +0.0004. Prices as of 7:45 a.m. EST.

Earnings Expected

Reports due after the close DDC RH SHLM MG SVM MIND. Due tomorrow morning RPM ISCA SCHN MHR GBX SMRT KID.

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

CAG (-.01) CONN (-.01) JOSB (+.03) OMN (-.07).

Data Points

Yesterday saw 1436 stocks rise and 1538 fall on the NYSE. NASDAQ saw 1001 rise and 1340 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 positive. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.

Economics

ADP March Employment Report is released at 8:15 a.m. EDT. The Bank of England (BOE) and Bank of Japan (BOJ) hold monetary policy meetings. A rate decision from the BOJ will be due overnight.

Politico

The House and Senate are on break this week.

Federal Reserve President John Williams and Federal Reserve St. Louis Bullard speak on monetary policy and the state of the economy.

Conference & Analyst Meetings

Analyst meetings CRM PLAB CJES. New York International Auto Shows runs through Sunday. Geosynthetics Conference is held in Long Beach, California. Cloud Connect. Morgan Stanley Retail & Restaurant Conference & Field Trip.

Conference of Note

New York International Auto Shows runs through Sunday.

M & A News

Key Upgrades and Downgrades

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.

Economics

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.

Politico

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

Weekly Market Crash Indicators

In After Hours Trading

EXA (-.04) FIVE (+.01) PAYX (+.01) PVH (+.10) RHT (+ 0.06) TXI (+.19) VRNT (+.16)

 IPOS to be priced this morning Cancer Genetics (CGIX). Secondaries announced after the close CEMI ARRY RAS FIG NGL SJW BMR. Secondaries to be priced TUMI RDA DG. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P 1.75, Dow Jones +29, NDX +7 with fair value a bit lower) Asia lower and Europe higher. 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 +0.0007. Prices as of 7:35 a.m. EST.

Earnings Expected

Reports due after the close TPH PCTI. Markets closed tomorrow. Enjoy the long weekend. It’s Miller Time.

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

BBRY (+.53) CMC (-.14) SIG (+.03) WGO (+.08).

Data Points

Yesterday saw 1590 stocks rise and 1393 fall on the NYSE. NASDAQ saw 1156 rise and 1259 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.

Economics

Q4 GDP (final) is due out at 8:30 a.m. EDT and expected to rise 0.5% from the initial 0.1%. March Chicago PMI is due out at 9:45 a.m. EDT and is expected to rise to 56.9 from 56.8. Weekly Jobless Claims due out at 8:30 a.m. EDT.

U.S. Bond Market closes early at 2:00 p.m. EDT.

Politico

The House and Senate are on break this week and next week.

Conference & Analyst Meetings

Analyst meetings EBAY. Announcement due from TSLA. CIBC World Markets Retail & Consumer Conference and Game Developers Conference.

Conference of Note

Craft Brewers Conference & BrewExpo America

M & A News

Key Upgrades and Downgrades

Here are the names we have recommended and current price with p/l and %.  Six long ideas and THREE Shorts since November. Batting Average 89%, so far (since November). I write this update for a fifth time. Locked in gain on P back on 2/1. Since last update, we added FXI as a short. Today we will close AMD. Semis are struggling and AMD is a semi name end of story. We remain with all other names. Watch for a new idea tomorrow.