Friday, October 31, 2014
Futures El Fuego
In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]):TSO+.91, SAM+.47, NEM+.34, EXPE+.19, EGN+.18, LYV+.16, SGEN+.11, MELI+.10, OIS+.09, EMN+.09, ESS+.06, WU+.06, LNKD+.05, PSA+.05, FLR+.05, GPRO+.04, SBUX+.03, CCI+.03, MYL+.03, FLT+.03, CXP+.03, MHK+.02, CPT+.02, HME+.02, GRPN+.02, EGO-.03, TRMB-.05.
IPO Financial provides our capital raise data.
Due Monday morning (by market cap descending): S, SYY, L, EEP, AMG, CNA, CHD, ARE, SNH, BWP, HNT, AMH, SHO.
not reported yet: CVX, CLX, XOM, MSG, MMP, MOG.A, NS, PNW, SPR, TE, USM.
Yesterday saw 2205 stocks rise and 1161 fall on the NYSE. NASDAQ saw 1702 rise and 991 fall.
The SP 500 back above its 50 day exponential moving average and is now above the 200 day exponential moving average. The Russell 2000 is back above its 50 day moving exponential average and its 200 day exponential moving average as well.
The 10 day spread moving average of breadth is now back to invested. The Madison Market Timing Indicator is now invested.
YTD 3446 (-171) stocks are higher for the year and 3435 (+167) are lower. Updated 10/13/14 Close. Prior Update 10/1/14 close.
|Banc of America|
|Robert W. Baird|
|Sun Trust RH|
|Topeka Capital Markets|
|Jesup & Lamont|
STARBUCKS CORP (SBUX)
by Superstock Investor
by Staff Writers
We are invested on our overall Market Call. Since inception, our overall timing return is 71.49% versus 40.39% on the S&P 500 for excess return of 31.10%.
Madison scores on the major indexes are now mostly between +18 and +8. With a gap open this morning, we are getting overbought and setting up for a potential pullback. We need confirmation.
There is now one open position, a buy on TRF. We added a buy on iShares Core S&P 500 Index Fund ETF (IVV) and took gains on Tuesday 9/2. Recent open and closed ideas are now in the second table. New sells will be forthcoming as we find a near term top.
We began to offer a buy and sell strategy via our Madison Market Timing Indicator at the beginning of April of 2007. There are now 24 open and closed winning trades to 8 closed losing trades with our market timing results. We were left with one long position TRF from our original buys before launching with Uncommon Widsom Daily. This column replaces the Morning Matters on Fridays.
|Other Open Signals||Long
Year to Date performance of the Madison Letter:
We have moved to a new format highlighting all trades since inception. This will provide complete disclosure of all winning and losing trades. To visit go to the home page of www.themadisonletter.com.
Long Term Bull Market:
We entered a bear market in October 2007 and now have officially exited it as of May 2009. Alpha will be generated on the long side with a series of rallies and then pullbacks. Currently, we are in uptrend mode.
M Cubed Score
The Federal Reserve has been cutting rates as of Tuesday, September 18,2007 and our M Cubed Score is now a buy from sell. The yield curve is very positive with a spread of 183 basis points between the 2 year and 10 year (as of this update) while monetary growth annual rate of change is 3% (as of this update). The easing game is on again with QE3 thanks to recent economic data there will be no complete taper until late 2014 at the earliest. Expect interest rate rises in the second half of 2015.
Aggressive Trader Comments
We continue the uptrend phase with an positive bias. Sell the rips and buy the dips until the current bull ends.
Bank of Japan (BOJ) To The Rescue & Russia And Ukraine Have A Gas Deal
Futures are on fire this morning. The Bank of Japan (BOJ) came to the rescue again last minute with a new stimulus measures and adding asset purchases for the first time in a year and a half.
In other news, Russia and Ukraine have a new supply deal. This guarantees that gas flows to Europe this winter.
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