The Day Ahead & News From After The Close For July 5th

by Geoff Garbacz | 07/06/2016 11:04 AM
The Day Ahead & News From After The Close For July 5th

In After Hours Trading

IPOs on deck today none of note. Secondaries on deck today VTR.In After Hours Trading: none of note.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -13.50, Dow Jones -111, NDX -33.25 and Russell 2000 -8.80 with fair value lower. Asia and Europe lower.Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.32% yield -5, one month change -41 and -96 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Utilities.

Weak Sectors All others.

One month winners Utilities, Energy, Materials, Consumer Goods and Industrials.

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, Basic Materials, Industrial Goods and Consumer Goods.

Earnings Expected

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

Due Thursday morning (by avg. trade volume descending): None of note.

Rags & Mags: Inside Wall Street

Bloomberg: Three asset managers have frozen withdrawals from real estate funds in the U.k. post Brexit. British Pound hits a new low. How long can bond yields go? Gold hits two year high. German Factory Orders failed to rise. China is quietly devaluing the Yen.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): GBX +.04 MSM +.05 WBA +.04.Lower Guidance: MSM.

Current Morning missing: .

Mixed Guidance: GBX.

Data Points

Yesterday saw 809 stocks rise and 2228 fall on the NYSE. NASDAQ saw 781 rise and 2085 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 still invested.

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

Markets are closed in Canada and Hong Kong.


May Trade Balance is due out at 8:30 a.m. EDT and is expected to fall to $-40.08 from $37.48.


Federal Reserve New York President William Dudley will speak at 8:00 a.m. EDT. Federal Reserve Governor Tarullo will speak at 9:00 a.m. EDT.European Central Bank (ECB) President Mario Draghi spoke early Wednesday morning.

The latest Federal Reserve Open Market Committee (FOMC) Meeting Minutes are released 2:00 p.m. EDT.

Conference & Analyst Meetings

Meetings or announcements of note DDC. TD Securities Energy Conference.Conference of Note

M & A News

Key Upgrades and Downgrades

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