February 17, 2019 10:36 AM RSS

Futures Higher As We Start A New Week

  • Wall Street Rebel | Geoff Garbacz
  • 06/06/2016 09:03 AM
Futures Higher As We Start A New Week

In After Hours Trading

3 IPOs on deck this week. Secondaries on deck this week VIVE.

In After Hours Trading: none of note.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +3.00, Dow Jones +32, NDX +6.75 and Russell 2000 +1.70 with fair value lower. Asia higher ex Japan and Europe higher ex France. Copper, silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.71% yield -7, one month change -6 and -69 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Healthcare and Services.

Weak Sectors Conglomerates.

One month winners Technology and Healthcare.

Three Month Winners Basic Materials.

Six Month Winners Utilities, Industrial Goods and Basic Materials.

One Year Winners Utilities, Technology and Industrial Goods.

Year To Date Utilities, Basic Materials, Industrial Goods and Consumer Goods.

Earnings Expected

Earnings due after the close (by avg. trade volume): CASY QUNR THO UNFI.
Due Tuesday morning (by avg. trade volume descending): VRX MIK NAV BNED VNCE.

Rags & Mags: Inside Wall Street

Bloomberg:

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): none of note.
Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1617 stocks rise and 1412 fall on the NYSE. NASDAQ saw 1077 rise and 1743 fall.

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

The 10 day spread moving average of breadth is back to cash. The Madison Market Timing Indicator is still invested.

YTD 3880 stocks are higher for 2016 and 2748 are lower. Updated 5/6/16 close.

Economics

A very light week for economic data. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and Michigan Sentiment.

Politico

Federal Reserve Boston President Eric Rosengren spoke on a panel from Helsinki on quantitative easing this morning and stated with weak jobs report will need more data. Also on Monday Federal Reserve Chairman Janet Yellen will speak.

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