The Day Ahead And News From After The Close On May 24th

by Geoff Garbacz | 05/25/2016 09:54 AM
The Day Ahead And News From After The Close On May 24th

In After Hours Trading8 IPOs on deck today this week. Secondaries up today none of note.In After Hours Trading: CSC +.05 INTU +.22 NMBL +.02 VSAT -.08.

Lower Guidance: .

Mixed Guidance: NMB: INTU.

Positive Guidance: .

What's Happening This MorningU.S. futures: S&P +8, Dow Jones +65, NDX +21.50 and Russell 2000 +4.60 with fair value lower. Asia higher ex China and Europe higher.Copper and silver higher with gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and higher 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 All.

Weak Sectors None.

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): COST HPQ CTRP PVH NTAP WSM CPRT LGT BLOX.Due Thursday morning (by avg. trade volume descending): TD CM DG DLTR SIG PDCO IGT SFUN TECD SAFM SDRL SHLD CHS FRED.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): TIF -.04.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: TIF.

Data Points

Yesterday saw 2323 stocks rise and 703 fall on the NYSE. NASDAQ saw 2209 rise and 603 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 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 Oil Inventories are due out at 10:30 a.m. EDT.


Federal Reserve Dallas President Rob Kaplan will speak at 1:00 p.m. EDT.

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