Futures Much Weaker
In After Hours Trading
IPOs on deck Allogene Therapeutics (ALLO), Livent Corp (LTHM) and Osmotica Pharmaceuticals (OSMT). Secondaries of note BOLD.
Filings after close .
data courtesy of IPO Financial
In After Hours Trading: SURPRISES none of note. FLAT: MISSED: none of note.
Lower Guidance: .
Mixed Guidance: .
Positive Guidance: .
What's Happening This MorningU.S. futures: S&P -20 Dow Jones -206, NDX -46 and Russell 2000 -10.40 with fair values higher increasing the pain. Asia and Europe significantly lower as well.
Gold and silver higher and copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 118.11 with yields lower since Wednesday morning. Prices as of 7:30 a.m. EDT.
Top Sectors None.
Weak Sectors All with Technology, Services and Industrials leading the way lower.
One month winners Healthcare,Consumer Goods, Services and Technology.
Three Month Winners Healthcare, Consumer Goods, Services and Technology.
Six Month Winners Conglomerates, Services and Technology.
One Year Winners All except for Utilities.
Year To Date Conglomerates, Healthcare and Services.
Earnings ExpectedEarnings due after the close (by avg. trade volume): none of note.
Earnings due Friday morning: JPM WFC C PNC FRC.
Rags & Mags: Inside Wall Street
Hurricane Michael to be a monster. (CNN)
Reported Earnings This MorningReported This Morning: SURPRISES CBSH +.07 DAL +.06 WBA +.03. FLAT: MISSED: .
Missing: none of note.
Lower Guidance: none of note.
Current Morning missing: .
Mixed Guidance: DAL.
Positive Guidance: .
Yesterday saw 1408 stocks rise and 1505 fall on the NYSE. NASDAQ saw 1309 rise and 1729 fall.
The SP 500 is barely above its 50 day exponential moving average and is above its 200 day exponential moving average. The Russell 2000 is below its 50 day moving exponential average but is above 200 day exponential moving average.
The 10 day spread moving average of breadth is in cash. The Madison Market Timing Indicator is still invested.
YTD 51% of stocks are higher and 49% are lower. Updated 9/28/18 close.
EconomicsSeptember CPI is due out at 8:30 a.m. EDT and is expected to remain at 0.20%.
Weekly Jobless Claims due out at 8:30 a.m. EDT.
Weekly Natural Gas and Crude Oil Inventories both due out at 10:30 a.m. EDT.
Treasury Budget due out at 2:00 p.m. EDT.
PoliticoFederal Reserve New York President John Williams speaks at 10:35 a.m. EDT.
Federal Reserve Chicago President Charles Evans speaks at 12:15 p.m. EDT.
Federal Reserve Minneapolis President Raphael Bostic and New York President John Williams to speak at 6:00 and 7:15 p.m. EDT.
President Trump t.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, .
Conference of Note
M & A News
Key Upgrades and Downgrades
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