Economic Calendar & Watch List 11/13/2015

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Friday November 13, 2015

 

Economic Calendar & Watch List 11/13/2015

 

Morning Notes

US Futures are lower this morning on continuation from yesterday’s sharp move lower as well as European stocks trading lower by over -1% after weaker than expected Q3 Eurozone GDP. China’s Shanghai index fell over -1.4% and the rest of the Asian markets also closed lower.

 

Technicals

SPY_11_13

The SPY broke through the 200 day moving average in yesterday’s session and closed sharply lower at the low of day at $204.82. There is no support that comes into play until the low of the range of 10/22 at $201.85. Resistance will lie at the low of yesterday’s range at $204.82, followed by the 200 day moving average at $206.47, and then the high of yesterday’s range at $207.06.

 

Small Cap Watch List

*Please refer to the momentum scanners displayed live in the chat room for potential trade ideas at the market open

 

**Others On Watch**

YUM

YELP

JWN

 

Economic Calendar

8:30 Oct retail sales expected +0.3% and +0.4% ex autos

8:30 Oct PPI final demand expected +0.2% and -1.2% y/y

8:30 USDA weekly Export Sales

10:00 Sep business inventories expected unchanged

10:00 Preliminary-Nov University of Michigan U.S. consumer sentiment expected +1.5 to 91.5

12:30 Cleveland Fed President Loretta Mester speaks on the U.S. economic outlook

Notable Earnings Before Open

JCP: J C Penney – EPS Est. $.55, Rev Est. $2.88B

TYC: Tyco –  EPS Est. $.61, Rev Est. $2.55B

 

Notable Earnings After Close

NONE

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