Economic Calendar & Watch List 8/28/2015

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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

SPY_8_28

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

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