Futures All Over The Place Today

by Geoff Garbacz | 01/14/2016 09:58 AM
Futures All Over The Place Today

January 14, 2016

In After Hours Trading

IPO on deck this week Shimmock Construction Company. Secondaries on deck none of note.In After Hours Trading: none of note.

What's Happening This Morning

U.S. futures: S&P +4.50, Dow Jones +46, NDX +2.75 and Russell 2000 +2.90 with fair value a tad higher cutting into gains. Asia lower ex China and Europe lower.Copper higher, silver lower and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 2.08% yield -1, one month change -16 and +21 one year change. Prices as of 7:45 a.m. EDT.

Top Sectors yesterday none.

Weak Sectors all.

One month winners Utilities.

Three Month Winners none of note.

Six Month Winners none of note.

One Year Winners none of note.

Year To Date none of note.

Earnings

ExpectedEarnings due after the close (by avg. trade volume): INTC.Due tomorrow morning (by avg. trade volume descending): FAST C BLK PNC RF USB WFC.

Rags & Mags: Inside Wall Street

USA Today: We have Powerball winners this morning in several states. Wall Street wonders will stocks bounce?Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): JPM +.02 TSM +.18 WNS +.03.Current Morning missing: SJR.

Data Points

Yesterday saw 358 stocks rise and 2748 fall on the NYSE. NASDAQ saw 411 rise and 2487 fall.

The SP 500 is back below its 50 day exponential moving average and 200 day exponential moving average. The Russell 2000 is back below its 50 day moving exponential average and still below its 200 day exponential moving average.

The 10 day spread moving average of breadth is back to cash as of last Friday's close. The Madison Market Timing Indicator is still invested.

YTD 2536 (-41) stocks are higher for the year and 4264 (+109) are lower. Updated 12/4/15 Close. Prior Update 11/6/15 close.

Economics

Weekly Natural Gas Inventories due out at 10:30 a.m. EST.

Politico

Federal Reserve Saint Louis President James Bullard speaks at 8:15 A.M. EST.

Conference & Analyst Meetings

Meetings or announcements of note BBY WTR NK DPZ. JP Morgan Healthcare Conference. Needham & Co Growth Conference.Conference of NoteICR Conference and Annual Biotech Showcase Conference.

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