Friday October 16, 2015
Economic Calendar & Watch List 10/16/2015
Morning Notes
US futures are slightly lower this morning and European stocks are trading higher ny nearly +1% after speculation continues on the ECB increasing its QE. Asian stocks closed mostly higher.
Technicals
The SPY surged higher in yesterday’s session closing on the highs at $202.35. Support will lie at the low of yesterday’s range at $199.64, followed by $198.94 and $198.59. Resistance will lie at the high of yesterday’s range at $202.36, followed by $202.89 and $203.90.
Small Cap Watch List
*Please refer to the momentum scanners displayed in the chat room for potential plays at the market open.
**Others On Watch**
ZFGN
WYNN
PTCT
Economic Calendar
9:15 Sep industrial production expected -0.3%, Aug -0.4%
10:00 Aug JOLTS job openings expected -173,000 to 5.580 million
10:00 Preliminary U.S. Oct University of Michigan consumer sentiment expected +1.8 to 89.0
Earnings Before Open
HON: Honeywell – EPS Est. $1.54, Rev Est. $9.85B
CMA: Comerica – EPS Est. $.697, Rev Est. $692M
KSU: Kansas City Southern – EPS Est. $1.22, Rev Est. $645.63M
PGR: Progressive – EPS Est. $.48, Rev Est. $5.27B
STI: Suntrust – EPS Est. $.836, Rev Est. $2.03B
GE: General Electric – EPS Est. $.262, Rev Est. $28.57B
GWW: Grainger – EPS Est. $3.056, Rev Est. $2.55B
Earnings After Close
NONE