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Futures Lower For First Time In More Than A Week

  • Wall Street Rebel | Geoff Garbacz
  • 01/15/2016 08:17 AM
Futures Lower For First Time In More Than A Week

January 15, 2016
In After Hours Trading

IPO on deck this week Shimmock Construction Company. Secondaries on deck NFG EPR BIOA.In After Hours Trading: INTC +.11 OZRK +.02.

What's Happening This Morning

U.S. futures: S&P -29.25, Dow Jones -258, NDX -72 and Russell 2000 -15.70 with fair value a tad higher adding to losses. Asia lower and Europe lower.Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 2.04% yield -5, one month change -21 and +34 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors yesterday all.

Weak Sectors none.

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): none of note.Due Tuesday morning (by avg. trade volume descending): BAC SCHW DAL MTB MS EDU UNH.

Rags & Mags: Inside Wall Street

USA Today: Takeaways from GOP debate. Goldman Sachs (GS) agrees to a mortgage settlement. Last year was a big year for VC investing. Rules for small business success.Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BLK -.06 FAST -.01 PNC +.08 RF +.01 USB +.01.Current Morning missing: C.

Data Points

Yesterday saw 2200 stocks rise and 863 fall on the NYSE. NASDAQ saw 2101 rise and 760 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

December Retail Sales are released at 8:30 a.m. EST and are expected to fall to 0.1% from 0.2%.Also at 8:30 a.m. EST, December PPI is released and is expected to drop to 0.1% from 0.3%.

At 9:15 a.m. EST, December Industrial Production is expected to improve to -0.2% from -0.6%.

At 10:00 a.m. EST January Michigan Sentiment is expected to improve to 93 from 92.8.

Politico

Federal Reserve New York President William Dudley will speak at 9:00 a.m. EST.

Conference & Analyst Meetings

Meetings or announcements of note FAST.

Conference of Note

ShmooCon 2016

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