Futures Off Slightly Ahead Of Trump's CEO Council Meeting At 10:30 a.m. EDT

In After Hours Trading

5 IPOs on deck this week. Secondaries of note SSFN.

In After Hours Trading: AGX +.48 LAYN -.82 MTSC -.20 SEAC +.01.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -1.50, Dow Jones -5, NDX -2.50 and Russell 2000 -1.90. Asia and Europe mixed.Copper,silver and gold higher. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 2.35% yield, one day change +2, one month change -22 and +62 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Energy, Materials, Services and Consumer Goods.

Weak Sectors Healthcare and Technology.

One month winners All ex Healthcare and Financials.

Three Month Winners Consumer Goods, Utilities and Technology.

Six Month Winners Conglomerates, Industrial Goods, Financials, Energy and Materials.

One Year Winners Energy, Materials, Industrial Goods and Utilities.

Year To Date All except for Energy and Conglomerates.

Earnings Expected

Earnings due after the close (by avg. trade volume): HCSG among the leaders.Due Wednesday morning (by avg. trade volume descending): DAL FAST HAIN SJR JMBA MYCC.

Rags & Mags: Inside Wall Street

Bloomberg: Federal Reserve Chairman Yellen siad yesterday the Fed is trying to sustain the progress seen since 2009. Oil is trading close to $53 driven by a shutdown of Libya's biggest oilfield and increased demand for the summer driving season. Bond bears may come out of hibernation soon.

NY Times: Many voices on Syrian policy but Trump is silent. Trump hits the golf links more than any other recent President. Toshiba may not remain a going concern. Whole Foods (WFM) faces activist pressure. United Airlines (UAL) faces wrath of consumers over customer who brings new definition to being bumped from a flight. Tesla (TSLA) overtakes General Motors (GM) market cap.

WSJ: U.S. hints at tougher stance to Russia on Syria ahead of today's meeting. Investors fled France ahead of the election. Qualcomm (QCOM) files a countersuit against Apple (AAPL) on patent issues.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): OZRK +.01.Missing: .

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Positive Guidance: .

Data Points

Yesterday saw 1986 stocks rise and 943 fall on the NYSE. NASDAQ saw 1363 rise and 1445 fall.

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

The 10 day spread moving average of breadth is back to cash. The Madison Market Timing Indicator is now invested since November 18th.

YTD 2662 stocks are higher and 1979 lower. Updated 3/31/17 close.

Economics

February JOLTS Jon Openings are due out at 10:00 a.m. EDT and the last report came in at 5.62 million.The latest WasDe Crop Report is out at 1:00 p.m. EDT.

Politico

U.S. Secretary of State Rex Tillerson visits Moscow to meet with Russian Foreign Minister Sergey Lavrov.Trump to meet with his CEO Council at 10:00 a.m. EDT. Tax discussion to be held

Conference & Analyst Meetings

Meetings, Conference Calls or Announcements of note, AAL SVU.

Conference of Note

Oracle HCM World 2017