Economic Calendar & Watch List 8/21/2015

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Friday August 21, 2015

 

Economic Calendar & Watch List 8/21/2015

 

Morning Notes

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.

 

Technicals

SPY_8_21_001

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.

 

In Play

*Please refer to our momentum strategy scanners displayed in the chat room for potential plays at the market open.

 

**Others On Watch**

NFLX

CRM

DE

 

Economic Calendar

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

NONE

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