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
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