Economic Calendar & Watch List 11/4/2015

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Wednesday November 4, 2015

 

Economic Calendar & Watch List 11/4/2015

 

Morning Notes

US futures are slightly higher this morning and European markets are trading at nearly 3 month highs after comments made by ECB President Draghi that they stand ready and able to provide additional support for a Eurozone recovery. Asian stocks had a strong move and closed higher overnight.

 

Technicals

SPY_11_41

The SPY continued its rally higher in yesterday’s session testing descending support at $211 and closed exactly at it. Support will lie at the low of yesterday’s range at $209.70 followed by $208.17, $207.74, and the 200 day moving average at $206.30. Resistance remains at the descending line at $211, followed by $211.66, $211.77, and $212.74.

 

Small Cap Watch List

 

**Others On Watch**

DSW
DPLO

KORS

 

Economic Calendar

7:00 Weekly MBA mortgage applications

8:00 Philadelphia Fed President Patrick Harker speaks

8:15 Oct ADP employment change expected +180,000

8:30 Sep trade balance expected -$41.00 billion

8:30 Treasury announces amount of 3-year T-notes, 10-year T-notes, and 30-year T-bonds

9:45 Final-Oct Markit services PMI expected +0.2 to 54.6

10:00 Oct ISM non-manufacturing index expected -0.4 to 56.5

10:00 Fed Chair Yellen appears before the House Financial Services Committee on bank regulation

10:00 EIA Weekly Petroleum Status Report

1:00 Treasury auctions $26 billion of 2-year T-notes

2:30 New York Fed President William Dudley speaks

 

Notable Earnings Before Open

TWX: Time Warner – EPS Est. $1.09, Rev Est. $6.51B

AGN: Allergan – EPS Est. $3.18, Rev Est. $4.03B

KORS: Michael Kors – EPS Est. $.89, Rev Est. $1.08B

MSI: Motorola Solutions – EPS Est. $.65, Rev Est. $1.41B

 

Notable Earnings After Close

FB: Facebook – EPS Est. $.52, Rev Est. $4.37B

WFM: Whole Foods Market – EPS Est. $.35, Rev Est. $3.47B

QCOM: Qualcomm – EPS Est. $.86, Rev Est. $5.21B

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