iBankCoin
Joined Dec 4, 2012
312 Blog Posts

Daily P/Laybook Futures Higher

In After Hours Trading

IPOs due this week ADMA Biologics, BioAmber, Ellington Residential Mortgage, ING US, Insys Therapeutics and QIWI PLC. Secondary offerings none of note GWPH LOV TSRE. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +5.50, Dow Jones +49, NDX +12 with fair value a bit higher) Asia moistly closed and Europe higher. Copper and gold higher with WTI Crude higher and Brent Oil Futures lower. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury Yield +0.0085. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings due after the close among others ESRX SU GGP NEM HTZ SBAC PCL MAS ACGL JEC QGEN HLF CYH PPS RVBD BWLD TXRH among others. Due tomorrow morning of note PFE BP UBS EPD NEE BEN TRI ECL HCP VLO CMI SIRI AET PEG ZTS MHP among others.

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

AWI (-.17) CNA (+.15) ETN (+.05) L (-.28) ROP (+.05) SOHU (+.07)

Data Points

Yesterday saw 1210 stocks rise and 1767 fall on the NYSE. NASDAQ saw 933 risee and 1503 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 moves back above its 50 day moving average. The 10 day spread moving average of breadth is now positive. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.

 

Economics

Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with personal income, Chicago PMI, consumer confidence, construction spending, ISM manufacturing, nonfarm payrolls, unemployment rate and factory orders.

 

March Personal Income is released at 8:30 a.m. EDT and is expected to be 0.4% against 1.1% in February

Politico

President Obama expected to announce several cabinet picks.

Conference & Analyst Meetings

Analyst meetings none of note. Bank of America Merrill Lynch Africa Conference 2013.

Conference of Note

10th Annual Stem Cell Summit.

M & A News

Bayer AG to buy CPTS for $31 a share and the stocks closed at $25.90.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan   LEAP
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Citigroup    
Merrill Lynch PBR  
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
ING Group MT  
Societe Generale LRLCY UNCFF
Jefferies    
HSBC   AEM
Sun Trust Robinson Humphrey    
Raymond James    
Credit Agricole    
Cowen OIS  

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Daily P/Laybook Futures Up Slightly

In After Hours Trading

AMGN (+.12) AAPL (+.09) BRCM (+.09) BCR (+.02) DV (+.07)AWAY (+.02) JNPR (-.01) NSC (+.05)PNRA (-.01)vmw (+.04) YUM (+.10)

 IPOs due this week ADMA Biologics and DoubleLine Income Solutions Fund. Secondary offerings none of note this morning MICT LOV CG. Filings after the close CG LOV SPNC GOOD. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +2, Dow Jones +28, NDX +1 with fair values higher which will cut into the open) Asia higher and Europe higher. Copper and gold higher with WTI Crude and Brent Oil Futures higher. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0042. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings due after the close among others QCOM SYK AFL CCI COG WDC CTXS ORLY EQIX XLNX SRCL TSCO VAR. Due tomorrow morning of note UPS MMM MO COP BMY OXY AZN CL CELG BIIB DOW D POT TWC among others.

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

BA (+.26) GLW (+.06) F (+.04) LO (+.02) PG (+.03) ROK (+.04) TUP (+.05) WHR (+.01)

Data Points

Yesterday saw 2421 stocks rise and 606 fall on the NYSE. NASDAQ saw 1896 risee and 561 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 remains below its 50 day moving average. The 10 day spread moving average of breadth is now negative but above -200. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.

 

Economics

March Durable Goods are released at 8:30 a.m. EDT and are expected to drop to -2.0% from 5.6%.

Politico

Conference & Analyst Meetings

Analyst meetings none of note. Bank of America Merrill Lynch 2013 Global Foreign Exchange Workshop.

Conference of Note

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Citigroup BAK  
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Raymond James    
Societe Generale HAL ASBFY
Jefferies CNSL LMOS  
KeyBanc Capital    
Sun Trust Robinson Humphrey    
Raymond James    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham    
Sun Trust RH NTDR CRZO  

Comments »

Daily P/Laybook Futures Higher

In After Hours Trading

IPOs due ADMA Biologics and DoubleLine Income Solutions Fund. Secondary offerings none of note MICT. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +6.25, Dow Jones +45, NDX +14 with fair values higher which will cut into the open) Asia higher ex Shanghai and Europe higher. Copper lower and gold higher with WTI Crude and Brent Oil Futures higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0179. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings due after the close CNI TXN ACE AMP NFLX ILMN STM NXPI ZION PKG IEX ALSN HMA RCII SWFT USTR VECO SANM XOOM PLXT among others. Due tomorrow morning of note DD TRV LMT ITW RAI JCI DFS ARMH APD PCAR IR COH ECA DAL RF XRX FRX WAT PII MOLX GCI.

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

BOH (-.07) BEAV (+.07) CAT (-.07) HAL (+.10) PHG (-.09).

Data Points

Yesterday saw 2178 stocks rise and 812 fall on the NYSE. NASDAQ saw 1624 risee and 700 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 remains below its 50 day moving average. The 10 day spread moving average of breadth is now negative but above -200. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.

 

Economics

Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with existing home sales, new home sales, durable goods and Q1 GDP as well as Michigan Sentiment.

 

March Existing Home Sales are released at 10:00 a.m. EDT and are expected to be revised upward to 5.01 million from 4.98 million.

TONIGHT AFTER THE CLOSE CHINA MONTLY PMI DATA. THIS COULD BE A MARKET MOVER FRO TUESDAY.

Politico

Federal Reserve New York President Dudley speaks before the open.

Conference & Analyst Meetings

Analyst meetings CYS. International Society For Cell Therapy Conference.

Conference of Note

M & A News

ABB to buy PWER for $6.35 a share which is tiny premium.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Citigroup    
Merrill Lynch CNDO  
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Raymond James    
Societe Generale   ERIC

Comments »

Daily P/Laybook Futures Higher

We are a bit crazed the next two days.  If you want to access today or tomorrow, then go to www.superstockinvestor.com and sign up for our free Morning Briefing which includes the Daily P/Laybook within Market Matters. We will be back here next Monday.

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How To Avoid Getting Clipped In Stocks Like GTAT

At Erlanger Research, we use a really simple indicator to determine the bias. Bias tells us whether we want to be long or short. If the bias is positive, then we do not short. If the bias is negative, then we do not buy.

It is really that simple. Unfortunately, humans have a widget in the back of their head telling to them to try and catch a bottom or top. There is no need to do that if you have the power of the Displaced Moving Average (DMA) Channel we use to set the bias. The DMA Channel can be found in our software as well as on Bloomberg and NinjaTrader.

In the case of GTAT, the stock has not been able to move above its monthly DMA Channel. We are a buyer when we close the month above the DMA Channel and a seller when we close the month below the DMA Channel.

3

We have a buy signal that made 67.56% and the current sell has made 66.70% on the short side for a combined return of 134.26% . The software for this chart can be found at www.erlangerchartroom.com and www.goodmorningwallst.com. We offer both individual and institutional version as well as real time via eSignal and Bloomberg.

There is one big caveat to the DMA Monthly Channel. It does not do a good job on stocks with low beta. Betas above 1 it works fine. Ultimately, bias needs to be used in conjunction with setup and trigger indicators. Our setup indicators include short interest, options and seasonal trends. Triggers are technical indicators that help on the timing of the trade. The use of bias, setups and triggers is a must for any trader.

 

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Daily P/Laybook Futures Lower

In After Hours Trading

BMI (-.30) CSX (+.05) INTC (IN LINE) IBKR (-.09) LLTC (+.02) MRTN (+.05) URI (-.30) YHOO (+.13). 

Several IPOs are due Blackhawk Network, Fairway Group, Hannon Armstrong Sustainable, Intelsat Global Holdings, SeaWorld Entertainment and Taminco Chemical.Secondary offerings none of note. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P -12, Dow Jones -100, NDX -23.00 with fair value higher, which will hurt the opening even more) Asia lower ex Japan and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury Yield -0.0172. Prices as of 7:55 a.m. EST.

Earnings Expected

Earnings due after the close EBAY AXP KMP SNDK SLM EPB NE CCK ALB EWBC STLD CVA LHO CYS CNS SCSS AF. Earnings due tomorrow morning among others PM VZ PEP TSM UNP UNH MS DHR BAX FCX BBT PG SHW OMC FITB NUE NOK APH BX KEY.

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

ASML (+.03) BAC (-.02) BK (-.02) DOV (+.01) HBAN (+.01) MAT (+.03) PNC (+.21) DGX (-.15) TXT (-.05) WNS (+.01).

Data Points

Yesterday saw 2494 stocks rise and 542 fall on the NYSE. NASDAQ saw 1923 risee and 555 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke back below its 50 day moving average on Monday. The 10 day spread moving average of breadth is now negative but above -200. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.

 

Economics

The Federal Reserve Open Market Committee releases its latest Beige Book survey. The International Monetary Fund (IMF) releases its Global Financial Stability Report.

 

Weekly Crude Inventories are due out at 10:30 a.m. EDT.

Politico

Federal Reserve St. Louis President Bullard speak about unemployment in New York City. Also Federal Reserve Governor Stein and Federal Reserve Boston President Rosengren speak today.

Conference & Analyst Meetings

Analyst meetings none of note. CIBC Energy Conference.

Conference of Note

World Vaccine Congress & Expo.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs    
Morgan Stanley    
Deutsche Bank    
Citigroup OC  
Merrill Lynch YHOO  
Wachovia/Wells Fargo    
Credit Suisse   POM

Comments »

How Much Of A Pullback Ahead?

How much of a pullback can we expect? We look to our retracement tool to give us a sense of how much of a pullback we can expect.

[Image 1]

A retracemen is drawn from a low to a high. In the chart above, we have drawn the line from both the December low and November low. At a minimum, we now can expect a 38% pullback to 1521.24 or 1501.70.

A more realistic number is a 50% pullback, which is either 1497.73 or 1471.40.

The S&P 500 peaked at 1593.37 so a 5% pullback would take us to 1513.68 which is between the two 38% pullbacks.

A 10% pullback would take us to 1434.03. This would take us slightly beyond the 61.8% retracement levels that are 1474.22 and 1441.23.

Comments »

Daily P/Laybook Futures Higher

In After Hours Trading

BRO (+.02) PBY (-.32) PNFP (+.06) STLY (-.04). 

Several IPOs are due Blackhawk Network, Fairway Group, Hannon Armstrong Sustainable, Intelsat Global Holdings, SeaWorld Entertainment and Taminco Chemical.Secondary offerings none of note. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P +12.25, Dow Jones +108, NDX +23.500 with fair value higher, which will hurt the opening but still a positive one) Asia lower ex Shanghai and Europe lower. Copper and gold higher with WTI Crude and Brent Oil Futures lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury Yield +0.0452. Prices as of 8:00 a.m. EST.

Earnings Expected

Earnings due after the close INTC YHOO CSX LLTC URI FULT CATY IBKR BMI MRTN. Earnings due tomorrow morning BAC ABT PNC ASML MAT DOV STJ DGX TXT HBAN among others.

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

BLK (+.05) KO (+.01) CMA (+.02) NTRS (-.01) WAFD (+.01) WWW (+.26).

Data Points

Yesterday saw 376 stocks rise and 2683 on the NYSE. NASDAQ saw 277 risee and 2245 fall. The S&P 500 is above its 50 day moving average and above the 200 day moving average. The Russell 2000 broke back below its 50 day moving average on Monday. The 10 day spread moving average of breadth is now negative but above -200. We moved to cash on the Madison Market Timing Indicator on February 22nd which can be found on www.superstockinvestor.com.

 

Economics

March CPI is due out at 8:30 a.m. EDT and is expected to drop to 0.0% from 0.7%. March Housing Starts are due at 8:30 a.m. EDT and expected to rise to 930,000 from 917,000. Then at 9:15 a.m. EDT March Industrial Production is due out and is seen dropping to 0.2% from 0.8%.

Politico

Federal Reserve New York President Dudley will speak about the economy in New York City. Also on Tuesday Federal Reserve Vice Chairman Janet Yellen will speak on monetary policy before the IMF.

Conference & Analyst Meetings

Analyst meetings none of note. IPAA OGIS New York Conference. CIBC Energy Conference.

Conference of Note

World Vaccine Congress & Expo.

M & A News

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan   CHRW
Goldman Sachs MRIN  
Morgan Stanley    
Deutsche Bank    
Citigroup OC NKA
Merrill Lynch DCT TCP
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Raymond James    
ING Group AKZOY  
Jefferies SRCL  
KeyBanc Capital    
Sun Trust Robinson Humphrey HZO  

Comments »

Taking Gains On CMG Recommendation

We are taking gains on CMG in front of earnings this week.  The stock has had a good run and hedgies David Einhorn and Jeffrey Gundlach are targeting this as a short. We do not like high profile stocks and this is going high profile. We will be locking in our Morning Matters portfolio as well which can be found on www.superstockinvestor.com.

SYMBOL SIGNAL DATE ENTRY CURRENT P/L % CHANGE CLOSE
CMG LONG 12/18/2012  $  288.01  $  346.14  $    58.13 20.18% Close
TASR LONG 12/17/2012  $       7.67  $       7.92  $       0.25 3.26%
ABFS LONG 1/28/2013  $    11.04  $    10.78  $    (0.26) -2.36%
21.09%
SWHC SHORT 12/17/2012  $       9.26 8.70  $       0.56 6.05%
RGR SHORT 12/17/2012  $    46.40 48.90  $    (2.50) -5.39%
FXI SHORT 3/4/2013  $    37.71 35.35  $       2.36 6.26%
6.92%
Closed
P LONG 12/4/2013  $       8.91  $    11.74  $       2.83 31.76% 2/1/2013
AMD LONG 12/10/2012  $       2.35  $       2.52  $       0.17 7.23% 3/27/2013
NSC LONG 1/4/2013  $    65.25  $    75.39  $    10.14 15.54% 4/3/2013
54.54%

Comments »

Daily P/Laybook

In After Hours Trading

No earnings Friday after the close of note. 

Several IPOs are due Blackhawk Network, Fairway Group, Hannon Armstrong Sustainable, Intelsat Global Holdings, SeaWorld Entertainment and Taminco Chemical.Secondary offerings none of note. Courtesy of www.ipofinancialreport.com.

What’s Happening This Morning

US futures: (S&P -6.50, Dow Jones -42, NDX -10.80 with fair value higher, which will hurt the opening) Asia lower and Europe lower. Copper and gold lower with WTI Crude and Brent Oil Futures lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury Yield -0.0137. Prices as of 8:00 a.m. EST.

Earnings Expected

Earnings due after the close BRO PNFP PBY STLY. Earnings due tomorrow morning JNJ KO GS USB BLK GWW NTRS AMTD CMA MMR WWW HTLD among others.

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

C (+.12) LAYN (-.12).

Data Points

Yesterday saw 1154 stocks rise and 1806 on the NYSE. NASDAQ saw 1006 risee and 1473 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.

 

Economics

Releases of note this week include weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims along with CPI, housing starts, industrial production, leading indicators and the Philly Fed Survey.

Politico

Minutes are due from the Reserve Bank of Australia (RBA) Monday night.

Conference & Analyst Meetings

Analyst meetings none of note. IPAA OGIS New York Conference. Supreme Court of hear MYGN gene patent issue.

Conference of Note

M & A News

TMO to buy LIFE for $75 a share. DISH extends bid for S, $4.76 cash and 0.05953 share of DISH per share)

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan    
Goldman Sachs    
Morgan Stanley   VAR FCX
Deutsche Bank    
Citigroup XRAY HMY
Merrill Lynch    
Wachovia/Wells Fargo    
Credit Suisse    
Banc of America    
UBS    
Raymond James    
Societe Generale    
Jefferies    
KeyBanc Capital    
Sun Trust Robinson Humphrey AVIV  
Raymond James    
Credit Agricole    
Dahlman Rose    
Keefe Bruyette    
Friedman Billings    
Robert W. Baird    
Needham TTPH  

Comments »