Friday August 28, 2015
Economic Calendar & Watch List 8/28/2015
Morning Notes
US futures are lower this morning by nearly -1% and European stocks are trading lower by roughly -.5% after strong, two day rally. Markets will be awaiting the results and comments from the Fed and other global banking leaders as they conduct their annual meeting in Jackson Hole, Wyoming. Asian stocks closed predominantly higher.
Technicals
The SPY made another move higher in yesterday’s session closing just off the highs at $199.27. Support will lie at the low of yesterday’s range at $195.21, followed by $194.79. A breach of $194.79 opens back up to $188.37. Resistance overhead is at $199.42, followed by $203.90.
In Play
* Please refer to the momentum scanners displayed in the chat room for a potential play at the market open
**Others On Watch**
SPLK
ADSK
SWHC
ULTA
Economic Calendar
8:30 Jul personal spending expected +0.4%
8:30 Jul PCE deflator expected +0.1%
10:00 inal-Aug U.S. consumer sentiment index (University of Michigan) expected +0.1 to 93.0
Earnings Before Open
BIG: Big Lots – EPS Est. $.34, Rev Est. $1.2B
Earnings After Close
NONE
