The Day Ahead And News From After The Close

by Geoff Garbacz | 06/10/2016 09:01 AM
The Day Ahead And News From After The Close

In After Hours Trading

IPOs on deck today Atkore International Group (ATKR) and China Online Education Group (COE). Secondaries on deck today AJX AR FLT GEVO GIG NTSC ORBK.In After Hours Trading: CPST +.05 MFRM -.06.

Lower Guidance: MFRM.

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -13.25, Dow Jones -98, NDX -32.75 and Russell 2000 -8.60 with fair value lower. Asia and Europe lower.Copper lower, silver higher and gold lower. 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 1.66% yield -1, one month change -10 and -82 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Utilities and Conglomerates.

Weak Sectors Energy, Materials, Financials, Healthcare.

One month winners Technology, Industrial Goods and Healthcare.

Three Month Winners Industrtial Goods, Healthcare and Financials.

Six Month Winners Utilities, Industrial Goods and Technology.

One Year Winners Utilities, Technology and Industrial Goods.

Year To Date Utilities, Industrial Goods and Consumer Goods.

Earnings ExpectedEarnings due after the close (by avg. trade volume): none of note.Due Monday morning (by avg. trade volume descending): SAIC.

Rags & Mags: Inside Wall Street

Bloomberg: Overseas bond yields hit new lows. Deutsche Bank to be investigated by SEC over inflating mortgage bond prices. British Pound volatility back to 2009 levels.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): none of note this morning.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1153 stocks rise and 1863 fall on the NYSE. NASDAQ saw 871 rise and 1946 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 invested as of last week. The Madison Market Timing Indicator is still invested.

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


June Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 94.5 from 94.7.At 12:00 p.m. EDT, the latest USDA WASDE Report on crop progress is due out.


Conference & Analyst Meetings

Meetings or announcements of note GBT AR. Jefferies Healthcare Conference. Barclays High Yield & Syndicated Loan Conference. Citi Small & Mid Cap Conference.

Conference of Note

NAREIT REIT/Week Investor Forum.

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