Monday November 16, 2015
Economic Calendar & Watch List 11/16/2015
US Futures are slightly higher this morning surprisingly after the Paris tragedy on Friday. These terrorist attacks are bearish for the global markets as the expectation for increased military action in the Middle East arises. Asian stocks closed mostly lower after the Chinese exchanges said to double the margin requirements on stocks.
The SPY traded sharply lower in Friday’s session closing near the lows. Support will lie at the low of Friday’s range at 202.44, followed by $201.85, $201.65, and the 50 day moving average at $200.82. Resistance will lie at the high Friday’s range at $204.67, followed by $205.82 and the 200 day moving average at $206.47.
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**
|8:30 Nov Empire manufacturing survey of general business conditions expected +5.01 to -6.35|
Notable Earnings Before Open
DDS: Dillard’s – EPS Est. $1.15, Rev. Est. $1.5B
Notable Earnings After Close
URBN: Urban Outfitters – EPS Est. $.42, Rev. Est. $872M