The Day Ahead And An Early Look At Monday

by Geoff Garbacz | 05/20/2016 10:58 AM
The Day Ahead And An Early Look At Monday

In After Hours Trading

IPOs on deck today CF Corp (CFCOU) and Cance Prevention Pharmaceuticals (CPP). Secondaries up today BETR RDCM SSS TSLA.In After Hours Trading: AMAT +.02 ADSK +.04 MENT +.02 ORIG +.29.

Lower Guidance: ROST NWY.

Mixed Guidance: .

Positive Guidance: .

What's Happening This MorningU.S. futures: S&P +4.75, Dow Jones +45, NDX +14.50 and Russell 2000 +3.70 with fair value lower. Asia and Europe higher.Copper, silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.86% yield +1, one month change +1 and -39 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Basic Materials.

Weak Sectors All others.

One month winners Basic Materials.

Three Month Winners All Sectors.

Six Month Winners Utilities, Technology, Industrial Goods, Basic Materials and Consumer Goods.

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): SOL.

Rags & Mags: Inside Wall StreetBloomberg: Polling shows the chances of Britain leaving the European Union are falling. Will U.S. begin to issue a 50 year Treasury? Negative equity becomes a problem in the car market.

Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): BKE -.09 DE +.08 HIBB +.02.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: DE.

Data Points

Yesterday saw 852 stocks rise and 2164 fall on the NYSE. NASDAQ saw 753 rise and 2029 fall.

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

YTD 3880 stocks are higher for 2016 and 2748 are lower. Updated 5/6/16 close.


April Existing Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 5.38 million from 5.33 million.


G-7 financial leaders are meeting in Japan.

Conference & Analyst MeetingsMeetings or announcements of note ARAY.

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