Economic Calendar & Watch List 11/17/2015

1933

Tuesday November 17, 2015

 

Economic Calendar & Watch List 11/17/2015

 

Morning Notes

US Futures are slightly higher and European stocks are trading significantly higher near +2% after the ECB will expand QE, or monetary stimulus actions. Asian stocks closed higher.

 

Technicals

SPY_11_17

The SPY surged  higher in yesterday’s session closing the day on the highs. Support will lie at the low of yesterday’s range at $202.18, followed by $201.85, $201.65, and the 50 day moving average at $201.08. Resistance will lie at the high of yesterday’s range at $205.69, followed by the 200 day moving average at $206.50. Above the 200 day, more resistance lies at $207.06, $207.19 and $207.66.

 

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**

DKS

TJX

URBN

 

Economic Calendar

8:30 Oct CPI expected +0.2% m/m and +0.1% y/y

9:15 Oct industrial production expected +0.1% m/m

10:00 Nov NAHB housing market index expected unch at 64

Notable Earnings Before Open

HD: Home Depot – EPS Est. $1.32, Rev Est. $21.76B

WMT: Wal-Mart – EPS Est. $.98, Rev Est. $117.79B

TJX: TJX Co – EPS Est. $.85, Rev Est. $7.73B

DKS: Dicks Sporting Goods – EPS Est. $.47, Rev Est. $1.64B

 

Notable Earnings After Close

JACK: Jack in the Box – EPS Est. $.65, Rev Est. $356.8M

LZB: La – Z – Boy – EPS Est. $.41, Rev Est. $388.11M

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