The Day Ahead & News From After The Close June 23rd

by Geoff Garbacz | 06/24/2016 07:54 AM
The Day Ahead & News From After The Close June 23rd

In After Hours Trading

No IPOs on deck today. No Secondaries on deck for today.In After Hours Trading: SONC +.01 SNX +.07.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -80, Dow Jones -540, NDX -167.50 and Russell 2000 -56.80 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 higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.53% yield -20, one month change -37 and -87 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors All.

Weak Sectors None.

One month winners Utilities, Technology, Industrial Goods and Basic Materials.

Three Month Winners Basic Materials, Healthcare and Utilities.

Six Month Winners Basic Materials, Utilities, Industrial Goods and Consumer 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 Monday morning (by avg. trade volume descending): none of note.

Rags & Mags: Inside Wall Street

Bloomberg: Central Bank action may be imminent. Fed rate hikes are now off the table until December.

Reported Earnings This Morning

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

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 2533 stocks rise and 513 fall on the NYSE. NASDAQ saw 2229 rise and 623 fall.

The SP 500 is back above its 50 day exponential moving average and is still above 200 day exponential moving average. The Russell 2000 is back 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 cash this morning. The Madison Market Timing Indicator is still invested.

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


June Michigan Sentiment is due out at 10:00 a.m. EDT and are expected to fall to 94 from 94.3.


Great Britain decided to leave European Union in a vote of 52% to 48%.

Conference & Analyst Meetings

Meetings or announcements of note GEF CBYL.
Midwest Investment Conference

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