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The Day Ahead & News From After The Close For July 6th

  • Wall Street Rebel | Geoff Garbacz
  • 07/07/2016 08:00 AM
The Day Ahead & News From After The Close For July 6th

In After Hours Trading

IPOs on deck today none of note. Secondaries on deck today ARE MSDIU RDIC.In After Hours Trading: none of note.

Lower Guidance: .

Mixed Guidance: .

Positive Guidance: .

What's Happening This Morning

U.S. futures: S&P -2.50, Dow Jones -16, NDX -4 and Russell 2000 -1.10 with fair value lower. Asia mixed and Europe higher.Copper lower with silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.38% yield +1, one month change -34 and -88 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors All except for Conglomerates.

Weak Sectors Conglomerates.

One month winners Utilities, Energy, Materials, Consumer Goods and Industrials.

Three Month Winners Energy, Materials, Healthcare and Utilities.

Six Month Winners Energy, Materials, Utilities and Industrial Goods.

One Year Winners Utilities, Technology and Industrial Goods.

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

Earnings Expected

Earnings due after the close (by avg. trade volume): CUDA HELE PSMT WDFC.Due Friday morning (by avg. trade volume descending): None of note.

Rags & Mags: Inside Wall Street

Bloomberg: The decline in the British Pound stopped today. Bond King Bill Gross notes that sovereign bonds not worth the risk. The People's Bank of China adds to its gold reserves. Today;s Job's data will provide clues about tomorrow's monthly job's report.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): PEP +.05.Lower Guidance: .

Current Morning missing: .

Mixed Guidance: .

Data Points

Yesterday saw 1922 stocks rise and 1072 fall on the NYSE. NASDAQ saw 1763 rise and 1078 fall.

The SP 500 is back above its 50 day exponential moving average and its 200 day exponential moving average. The Russell 2000 is 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 June 29th close. The Madison Market Timing Indicator is still invested.

YTD 4112 stocks are higher for 2016 and 2472 are lower. Updated 6/10/16 close.

Markets are closed in Canada and Hong Kong.


June Challenger, Gray & Christmas Job Cuts are due out at 7:45 a.m. EDT.

June ADP Payroll is due out at 8:15 a.m. EDT.

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Weekly Crude Oil Inventories are due out at 11:00 a.m. EDT.


President Obama will travel to Poland and attend the NATO Summit.

Conference & Analyst MeetingsMeetings or announcements of note PSTG. JMP Securities Boston Real Estate Conference 2016.

Conference of Note

Data Connectors Tech Security Conference

M & A News

Danone (DANOY) will buy White Wave (WWAV) for $56.25 a share.

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