Wednesday November 11, 2015
Economic Calendar & Watch List 11/11/2015
US Futures are slightly higher and European stocks are trading higher by nearly +1% after China reported October retail sales which came in at the highest number this year. Energy stocks are showing slight weakness as crude slips over -1% at a 2 week low. Asian stocks closed mixed.
The SPY traded lower in yesterday’s session putting in another lower high for the week as we approach the 200 day moving average. Support will lie at the low of yesterday’s range at $207.19, followed by the low of Monday at $206.95 and finally the 200 day moving average at $206.40. Resistance will lie at the high of yesterday’s range at $208.60, followed by the high of Monday at $209.49, then $210.32 and descending resistance at $210.75.
Small Cap Watch List
* Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
Notable Earnings Before Open
M: Macy’s – EPS Est. $.53, Rev Est. $6.12B
ADT: ADT Corp – EPS Est. $.51, Rev Est. $894M
Notable Earnings After Close