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The Day Ahead & News From After The Close Friday July 15th

  • Wall Street Rebel | Geoff Garbacz
  • 07/18/2016 09:29 AM
The Day Ahead & News From After The Close Friday July 15th

In After Hours Trading

5 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 +4.75, Dow Jones +29, NDX +7.25 and Russell 2000 +0.70 with fair value a bit higher. Asia higher ex China and Europe abit lower but off the lows, FTSE higher.Copper, silver and gold lower. 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 1.57% yield +2, one month change -4 and -78 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Conglomerates, Industrial Goods and Utilities.

Weak Sectors Services, Energy, Materials and Technology.

One month winners Basic Materials, Energy, Industrial Goods and Health Care.

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): IBM EMC NFLX YHOO VMW STLD BRO RMBS.Due Tuesday morning (by avg. trade volume descending): JNJ NVS PM UNH LMT GS WIT PLD ERIC AMTD GWW RF KSU CMA SNV.

Rags & Mags: Inside Wall Street

Bloomberg: Post coup, investors are nervous on Turkey. Brexit could kill the 7 year housing boom. Oil producers prepare for a second half of 2016 slump. More ECB easing in the offing, but not quite yet. Ireland faces difficulty post Brexit vote.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BAC +.03 CALM +.18 HAS +.02.Missing: SCHW JBHT LII.

Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1624 stocks rise and 1351 fall on the NYSE. NASDAQ saw 1500 rise and 1331 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 4126 stocks are higher for 2016 and 2456 are lower. Updated 7/8/16 close.

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