Futures On The Bend

by Geoffrey Garbacz | 12/29/2015 10:02 PM
Futures On The Bend

In After Hours Trading


IPO on deck none of note Secondaries on deck none of note.

In After Hours Trading: none of note. Lower guidance none of note.

What’s Happening This Morning


U.S. futures: S&P +9.75, Dow Jones +93, NDX +25.25 and Russell 2000 +4.50 with fair value higher adding to losses. Asia and Europe higher.

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 2.25% yield up +2, one month change +2 and +3 one year change. Prices as of 7:55 a.m. EDT.

Earnings Expected


Earnings due after the close (by avg. trade volume): none of note.

Due tomorrow morning (by avg. trade volume descending): none of note.

Rags & Mags: Inside Wall Street


USA Today: Is there going to be a January Effect this year? Carl Icahn raises bid for Pep Boys Manny, Moe & Jack (PBY).

Reported Earnings This Morning

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

Current Morning missing: none of note.


Data Points


Yesterday saw 1182 stocks rise and 1915 fall on the NYSE. NASDAQ saw 1032 rise and 1866 fall.

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


Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications with consumer confidence and Chicago PMI.

December Consumer Confidence is due out at 10:00 a.m. EST and is expected to rise to 93 from 90.4

Politico


Congress is on break the next week and President Obama is in Hawaii through the New Year. Enjoy the silence of the season!

Conference & Analyst Meetings


No meetings or announcements of note today.

Conference of Note


None of note

M & A News
Key Upgrades and Downgrades


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