Futures Positive This Morning
In After Hours Trading
IPOs on deck DDMXU Acquisition (DDMXU) Equillium (EQ) Anaplan (PLAN). Secondaries of note TLSA.
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 +29 Dow Jones +251, NDX +108 and Russell 2000 +15 with fair values LOWER helping open. Asia and Europe bouncing as well.
Gold lower and silver higher with copper. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price 118.09 with yields flat since Thursday morning. Prices as of 7:55 a.m. EDT.
Top Sectors None.
Weak Sectors All with Industrials, Financials and Healthcare 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 Monday morning: BAC SCHW.
Rags & Mags: Inside Wall Street
Hurricane Michael aftermath is horrific, Panhandle a wasteland. (CNN)
Cramer still says may be time to start buying. FYI, he is usually early and he was again as S&P fell -2.06%.(CNBC)
Reported Earnings This MorningReported This Morning: SURPRISES PNC +.10 JPM +.08. FLAT: MISSED: .
Missing: none of note.
Lower Guidance: none of note.
Current Morning missing: .
Mixed Guidance: DAL.
Positive Guidance: .
Yesterday saw 616 stocks rise and 2337 fall on the NYSE. NASDAQ saw 740 rise and 2237 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.
EconomicsOctober University of Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 100 from 100.10
Federal Reserve Chicago President Charles Evans speaks at 9:30 a.m. EDT.
Federal Reserve Minneapolis President Raphael Bostic to speak at 12:30 p.m. EDT.
Conference & Analyst MeetingsMeetings, Conference Calls or Announcements of note, VRNA.
Conference of NoteTexas Auto Show
M & A News
Key Upgrades and Downgrades
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