Friday August 21, 2015
Economic Calendar & Watch List 8/21/2015
US futures are slightly lower this morning and European stocks are trading lower by over -1% on weaker than expected manufacturing data out of China further confirmed a global economic slowdown is intensifying. Asian stocks closed significantly lower.
The SPY broke down through significant levels of support in yesterday’s session and closed on the lows at $203.97. Support will lie at $203.51, $202.55, $202.03, and $197.86. Over head resistance will be at the 200 Day moving average of $207.87 followed by the high of yesterday’s range at $208.29.
*Please refer to our momentum strategy scanners displayed in the chat room for potential plays at the market open.
**Others On Watch**
9:45 Markit Mfg. PMI – Consensus 54.10
10:30 ECRI Weekly Annualized (WoW)
10:30 ECRI Weekly Index
Earnings Before Open
DE: Deere & Co – EPS Est. $1.42, Rev Est. $7.21B
FL: Foot Locker – EPS Est. $0.69, Rev Est. $1.66B
HIBB: Hibbett Sports – EPS Est. $0.35, Rev Est. $209.32M
Earnings After Close