The Day Ahead & New From Over The Weekend July 9-11th

by Geof Garbacz | 07/11/2016 09:16 AM
The Day Ahead & New From Over The Weekend July 9-11th

In After Hours Trading

2 IPOs on deck this week. Secondaries on deck this week, none of note.In After Hours Trading: none of note.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P +7.50, Dow Jones +71, NDX +23.5 and Russell 2000 +6.50 with fair value lower. Asia and Europe higher.Copper higher with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.40% yield +4, one month change -24 and -100 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors All.

Weak Sectors none.

One month winners Utilities,Consumer Goods and Healthcare.

Three Month Winners Energy, Materials, Healthcare and Utilities.

Six Month Winners Energy, Materials, Utilities and Industrial Goods.

One Year Winners Utilities, Technology and Industrial Goods.

Year To Date Utilities, Energy, Materials, Industrial Goods and Consumer Goods.

Earnings Expected

Earnings due after the close (by avg. trade volume): AA.Due Tuesday morning (by avg. trade volume descending): FAST.

Rags & Mags: Inside Wall Street

Bloomberg: Japan moved higher on election results. The Bank of England has a big week ahead with a meeting on Thursday and a public appearance by Mark Carney on Friday. Big banks see bond rally done and move to commodities.

Reported Earnings This Morning

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

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 2697 stocks rise and 338 fall on the NYSE. NASDAQ saw 2386 rise and 486 fall.

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

The 10 day spread moving average of breadth is back to invested as of June 29th close. The Madison Market Timing Indicator is now in cash as of Friday's open.

YTD 4112 stocks are higher for 2016 and 2472 are lower. Updated 6/10/16 close.


Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and Beige Book, PPI, retail sales, CPI, industrial production and Michigan Sentiment.


Kansas City Federal Reserve President Esther George speaks about the economy at 9:00 a.m. EDT. Monday also sees Federal Reserve Cleveland President Loretta Mester speak at 9:30 p.m. EDT.

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