Superstock Investor
Member Login   RSS ->
James DiGeorgia, Editor in Chief
Superstock Investor
Gold & Energy
Advisor


[Printable Version of This Page]

Market Matters:

A/D Measures Strong Yesterday And Now 50 Day Moving Average Awaits At 1088.53
by by Staff Writers

July 21, 2010

In After Hours Trading

AAPL ALTR APA ATR BSX CNH CTAS CYT ETH GTIV JNPR MDRTX SLM TPX VMW YHOO beat estimates and GILD STX missed estimates. SYK met estimates. YHOO IS weak in after hours as revenues are weak.

What's Happening This Morning

Asia mixed and Europe higher. S&P 500 and NASDAQ 100 futures are higher by 3.30 and 12.50. Brent Crude is at $76.85 higher by 0.83% with gold at $1195 higher by 0.30% and natural gas at $4.61 higher by 0.44%. The Up Dollar ETF (UUP) closed at $24.07 higher by 0.17%. Currencies see the Yen at 86.89 from 87.02 with the Pound at .66 from .65 and Euro at .78 from .77. The 20 Year Treasury ETF (TLT) closed at $100.33. High yield bonds and corporate investment grade bonds rose on Tuesday.

Earnings Expected

Earnings due after the close QCOM EBAY BIDU SBUX KMP ISRG CA XLNX BCR WDC RRC EW NFLX FFIV DOX RHI CLB WLT.

Rags & Mags: Inside Wall Street

NY Times reports

Reported Earnings This Morning

Earnings of note this morning - ABT ARG BLK CHKP CMA DGX EMC ETN GSK LUFK MAN MO SWKTXT USB UTX beat estimates KO have missed estimates.

Data Points

Yesterday saw 2479 stocks rise and 574 fall on the NYSE. NASDAQ saw 1848 rise and 773 fall. The S&P 500 remains below its 50 day moving average which is at 1088.53 and its 200 day moving average at 1112.69. The 10 day spread moving average of breadth has now moved to positive in the past ten days and we moved back to invested on the Madison Market Timing Indicator on 5/10/10.

Economics

Federal Reserve Chairman Bernanke gives his semiannual Humphrey Hawkins testimony to the Senate Banking Committee on Wednesday and to the House Financial Services Committee on Thursday.

Politico

President Obama signs the Financial Reform Bill today.

Conference & Analyst Meetings

Conferences include Farnborough Air Show in the United Kingdom. Updates from

Conference of Note

M & A News

Sara Lee (SLE) may sell its bread unit.

Key Upgrades and Downgrades

Firm Upgrades Downgrades
JP Morgan FRO GMR OSG CPLP
Goldman Sachs   MAS UPM
Morgan Stanley    
Deutsche Bank    
Citigroup ZION GILD
Barclays    
Wachovia/Wells Fargo HPY  
Credit Suisse    
Banc of America    
UBS    
Lazard    
Merrill Lynch    
Jefferies    
Oppenheimer    
RBC   ERF
Bernstein    
Stifel Nicolaus EFSC HCN STT  
Morgan Keegan    
Keefe Bruyette GS  
Friedman Billings NLY  
Baird CTAS  
Needham    
Cowen    
PiperJaffray    
Thomas Weisel    
American Technology    
Raymond James    
CIBC   PDS
Dresnder    
Key Banc   HRL
HSBC Securities    
Ladenburg Thalmann  
William Blair    
Collins Stewart    
Sun Trust RH    
Kaufman    
Brean Murray    
JMP Securities    
Wedbush    
Argus    
Morgan Joseph    
BB&T    
ING    
Roth    
Janney Montgomery    
Susquehanna    
Think Equity    
Merriman    
Pali    
BMO Capital    
Benchmark    
Jesup & Lamont    
Macquarie    
Canaccord Adams    
RBS    
MKM    

 

Market Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..