Futures Lower For Monday, February 8th

by Geoff Garbacz | 02/08/2016 08:12 AM
Futures Lower For Monday, February 8th

In After Hours Trading

8 IPOs on deck this week. No secondaries on deck this week.In After Hours Trading: none of note.

What's Happening This Morning

U.S. futures: S&P -30, Dow Jones -233, NDX -94.75 and Russell 2000 -14.60 with fair value lower. Japan higher and most of Asia closed for Chinese New year and Europe lower.Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.80% yield -4, one month change -30 and -14 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): FOXA PAA WCN PRE OI.Due Tuesday morning (by avg. trade volume descending): KO CVS REGN FIS IR AGU MAS MLM GT CNC SAVE.

Rags & Mags: Inside Wall Street

USA Today: Review of Superbowl adds. Will Ford (F) record results lift slumping share price? is Federal Reserve March rate hike off the table.Bloomberg: European stocks at lowest level since 2014. Emerging markets were lower by only 0.50%. CEO of Vitol Group BV expects oil to stay in a a range of $40-$60 for a decade. Federal Reserve could move negative interest rates.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BWP +.05 CNA -1.08 CTSH +.02 DO +.37 HAS +.09 WEX +.10.Current Morning missing: MCY.

Data Points

Yesterday saw 723 stocks rise and 2325 fall on the NYSE. NASDAQ saw 544 rise and 2313 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 2015 and 4264 (+109) are lower. Updated 12/4/15 Close. Prior Update 11/6/15 close.

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