Wednesday November 18, 2015
Economic Calendar & Watch List 11/18/2015
Morning Notes
US Futures are cautiously higher this morning as the market awaits the FOMC minutes from the October meeting. European stocks are trading lower and weak on the price of gold falling to over a 5 year low. Asian markets closed mixed.
Technicals
The SPY tested resistance near $207, rejected and closed lower as well as below the the 200 day moving average. Support will lie at the low of yesterday’s range at $204.88, followed by $202.18. Resistance lies at the high of yesterday’s range at $207.04, followed by the high of Thursday at $207.06. In addition, the 200 day moving average lies at $206.53.
Small Cap Watch List
AVXL: Anavex Life Sciences – Company announced it is Proceeding With Development for ANAVEX 2-73. Gapping up 27% with a 28M share float.
**Others On Watch**
TGT
SCTY
SYT
Economic Calendar
| 8:00 New York Fed President William Dudley, Atlanta Fed President Dennis Lockhart and Cleveland Fed President Loretta Mester speak
8:30 Oct housing starts expected -3.8% to 10:30 EIA Weekly Petroleum Status Report 12:00 Dallas Fed President Rob Kaplan speaks 2:00 Minutes of the Oct 27-28 FOMC meeting |
Notable Earnings Before Open
TGT: Target – EPS Est. $.86, Rev Est. $17.57B
LOW: Lowes – EPS Est. $.78, Rev Est. $14.31B
Notable Earnings After Close
GMCR: Keurig Green Mountain – EPS Est. $.71 Rev Est. $1.03B
NTAP: NetApp – EPS Est. $.57, Rev Est. $1.43B