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The Day Ahead And After The Close News For March 31st

  • Wall Street Rebel | Geoff Garbacz
  • 04/01/2016 08:14 AM
The Day Ahead And After The Close News For March 31st

In After Hours Trading

IPOs on deck this week include Sensus Healthcare (SRTS). Secondaries on deck today VWR CHCT GLPI.In After Hours Trading: none of note.

Lower Guidance: none of note. Mixed Guidance none of note.

What's Happening This Morning

U.S. futures: S&P -9.75, Dow Jones -72, NDX -22.25 and Russell 2000 -7.40 with fair value a tad lower. Asia and Europe lower.Copper higher with silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.78% yield -3, one month change -4 and -7 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Basic Materials, and Conglomerates.

Weak Sectors Industrials and Consumer Goods.

One month winners Conglomerates, Technology, Basic Materials, Industrials and Services with no sectors lower.

Three Month Winners Utilities.

Six Month Winners Utilities, Technology, Industrial Goods and Consumer Services.

One Year Winners Utilities.

Year To Date Utilities, Conglomerates.

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: Saudi Arabai looks to life after oil. Markets are watching for the jobs data to set the tone into the weekend. ECB begins its latest buying program.Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BBRY +.07.Lower Guidance: none of note.

Current Morning missing: none of note.

Mixed Guidance: LULU.

Data Points

Yesterday saw 1666 stocks rise and 1353 fall on the NYSE. NASDAQ saw 1391 rise and 1448 fall.

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

The 10 day spread moving average of breadth is back to invested. The Madison Market Timing Indicator is still invested.

YTD 3075 stocks are higher for 2016 and 3351 are lower. Updated 3/4/16 Close.


Nonfarm Payroll is released at 8:30 a.m. EDT and is expected to fall to 200,000 from 242,000. The unemployment rate is expected to remain at 4.9%.At 10:00 a.m. EDT February Construction Spending is due out and expected to fall to -0.1% from 1.5%.

Also at 10:00 a.m. EDT, March ISM Manufacturing PMI is due out and is expected to rise to 51 from 49.5.

Also at 10:00 a.m. EDT March Michigan Sentiment is expected to rise to 90.7 from 90.0.

During the day, a variety of Auto and Truck Sales for March are due out.


Federal Reserve Cleveland President Loretta Mester will speak at 1:00 p.m. EDT.

Conference & Analyst Meetings

Meetings or announcements of note F MAR HOT IRM.

Conference of Note

Endocrine Society Annual Meeting & ExpoM & A News

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