Futures Lower But Extremely Volatile

February 9, 2016
In After Hours Trading

8 IPOs on deck this week. No secondaries on deck today.In After Hours Trading: CUTR +.17 MOH +.06 QLYS +.04 RBC +.06.

What's Happening This Morning

U.S. futures: S&P -13.25, Dow Jones -113, NDX -25.50 and Russell 2000 -9.60 with fair value lower. Japan lower and most of Asia closed for Chinese New year and Europe lower. Copper lower with silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.75% yield -5, one month change -37 and -24 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors none.

Weak Sectors all.

One month winners Utilities.

Three Month Winners none of note.

Six Month Winners Utilities.

One Year Winners Technology.

Year To Date Utilities.

Earnings Expected

Earnings due after the close (by avg. trade volume): DIS WU AKAM WYNN NUAN PNRA CSC SGEN.Due Wednesday morning (by avg. trade volume descending): TWX HUM ARMH DTE HSIC SEE ARMK VOYA MRKT.

Rags & Mags: Inside Wall Street

Bloomberg: Japan fell -5.5% overnight and its 10 year bond dropped below 0%. Deutsche Bank may struggle to pay debt obligations. Bonds signal panic. $7 trillion of government debt below 0%. Federal Reserve may not have legal authority to impose negative interest rates.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): OMC +.02.Current Morning missing: CVS CNC ACM GT.