Futures Giving Back Some Of Tuesday’s Gains
In After Hours Trading
IPO on deck none of note Secondaries on deck none of note.
In After Hours Trading: none of note. Lower guidance none of note.
What’s Happening This Morning
U.S. futures: S&P -4.75, Dow Jones -45, NDX -7 and Russell 2000 -2.70 with fair value lower minimizing losses. Asia mixed and Europe lower.
Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 2.30% yield up +5, one month change +9 and +11 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors yesterday were Healthcare, Technology, Services, Industrial Goods and Consumer Goods.
Weak Sectors Conglomerates.
One month winners Utilities & Healthcare
Three Month Winners Technology & Industrial Goods
Six Month Winners Technology & Utilities
One Year Winners Technology & Healthcare
Year To Date Technology & Healthcare
Earnings due after the close (by avg. trade volume): none of note.
Due tomorrow morning (by avg. trade volume descending): none of note.
Rags & Mags: Inside Wall Street
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): none of note. Guidance none of note.
Current Morning missing: none of note.
Yesterday saw 2273 stocks rise and 794 fall on the NYSE. NASDAQ saw 2004 rise and 882 fall.
The SP 500 is back above its 50 day exponential moving average and 200 day exponential moving average. The Russell 2000 is back above its 50 day moving exponential average but still below its 200 day exponential moving average.
The 10 day spread moving average of breadth is back to invested as of this week. 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.
Pending Home Sales are due out at 10:00 a.m. EST. At 10:30 a.m. EST, Weekly Crude Inventories are due out. We saw a build in API numbers reported yesterday. A build of 1 million barrels is expected.
Congress is on break the next week and President Obama is in Hawaii through the New Year. Enjoy the silence of the season!
Conference & Analyst Meetings
No meetings or announcements of note today.
Conference of Note
None of note