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The Day Ahead And News From After The Close May 17th

  • Wall Street Rebel | Geoff Garbacz
  • 05/18/2016 09:25 AM
The Day Ahead And News From After The Close May 17th

In After Hours Trading5 IPOs on deck this week. Secondaries up today PLSE PZRX SHLX.In After Hours Trading: VIPS +.01 ACXM +.06.

Lower Guidance: ACXM VIPS.

Mixed Guidance: .

Positive Guidance: .

What's Happening This MorningU.S. futures: S&P -2.00, Dow Jones -17, NDX -4.50 and Russell 2000 -2.40 with fair value lower. Asia mixed and Europe lower.Copper, silver and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.78% yield +2, one month change +1 and -45 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 ExpectedEarnings due after the close (by avg. trade volume): CSCO CRM CTRP SNPS WSM FLO EXP URBN.Due Thursday morning (by avg. trade volume descending): WMT DLTR AAP ARG TTC DKS SMRT.

Rags & Mags: Inside Wall StreetBloomberg: The latest FOMC Minutes are due out at 2:00 p.m. EDT. Spread on the 2 year to 10 year drops to 92 basis points. The U.S. Dollar is higher this morning as commodities fall. Senate passed the 9/11 Bill to make Saudi Arabia accountable for 9/11. President Obama will likely veto.

Reported Earnings This MorningReported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CTRN -.16 HRL +.01 LOW +.02 SPLS +.01.Lower Guidance: .

Current Morning missing: ADI TGT.

Mixed Guidance: .

Data Points

Yesterday saw 1070 stocks rise and 1924 fall on the NYSE. NASDAQ saw 766 rise and 2105 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.


Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.


The latest Federal Reserve Open Market Committee (FOMC) meeting minutes are released for the April 26-27 meeting.

Conference & Analyst Meetings:

Meetings or announcements of note DPLO. Barclays Americas Select London Conference. Needham Emerging Technology Conference. BMO Capital Markets Farm To Market Conference.

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