Stocks Lower Today Stocks Lower Today

by Geoffrey Garbacz | 12/28/2015 09:58 PM
Stocks Lower Today Stocks Lower Today

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 MU.

What’s Happening This Morning


U.S. futures: S&P -9.75, Dow Jones -84, NDX -15.25 and Russell 2000 -3.90 with fair value higher adding to losses. Asia and Europe mixed.

Copper, silver and gold lower. WTI Crude lower 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 2.23% yield, one month change +2 and -1 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: Extreme weather continues in the Southwest and Midwest. Iraq retakes Ramadi from ISIS. The Force Awakens tops $1 billion in receipts. Debt troubles at highest level since the Great Recession in 2007-2009.

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 2349 stocks rise and 725 fall on the NYSE. NASDAQ saw 1859 rise and 1038 fall.

The SP 500 is back below 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.

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

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