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The Day Ahead And New From The Weekend May 21-22

  • Wall Street Rebel | Geoff Garbacz
  • 05/23/2016 09:10 AM
The Day Ahead And New From The Weekend May 21-22

In After Hours Trading8 IPOs on deck today this week. Secondaries up today 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 +1, Dow Jones +4, NDX +6.75 and Russell 2000 +0.60 with fair value lower. Asia lower ex China and Europe lower.Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is flat vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.83% yield -3, one month change -7 and -39 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Conglomerates, Technology. Healthcare and Services.

Weak Sectors Utilities.

One month winners Utilities.

Three Month Winners All Sectors.

Six Month Winners Utilities, Industrial Goods and Basic Materials.

One Year Winners Utilities.

Year To Date Utilities, Basic Materials, Industrial Goods and Consumer Goods.

Earnings ExpectedEarnings due after the close (by avg. trade volume): QUNR NDSN SCOR CRMT.Due Tuesday morning (by avg. trade volume descending): BMO AZO BBY VAL TOL DSW.

Rags & Mags: Inside Wall StreetBloomberg: Grrece approved more austerity measures that will unlock more loans. Chinese bond investors starting to lose patience. El-Erian sees Fed talking up a rate hike.

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

Current Morning missing: .

Mixed Guidance:.

Data Points

Yesterday saw 2444 stocks rise and 582 fall on the NYSE. NASDAQ saw 2151 rise and 668 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.

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