Economic Calendar & Watch List 11/20/2015

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Friday November 20, 2015

 

Economic Calendar & Watch List 11/20/2015

 

Morning Notes

US Futures are slightly higher this morning led by news that Nike (NKE) had approved a $12 Billion dollar share buyback program while increasing their dividend to shareholders. European stocks are trading lower led by a slide in banking stocks. Asian stocks closed mostly higher.

 

Technicals

SPY_11_20

The SPY traded in a tight, range bound area in yesterday’s session compared the the last few days. Support will lie at the low of yesterday’s range at $208.20, followed by the 200 day moving average at $206.56 and then the low of Wednesday’s range at $205.99. Resistance will lie at the high of yesterday’s range at $209.05, followed by $209.49, $210.32, and descending resistance at $210.60.

 

Small Cap Watch List

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

 

**Others On Watch**

NKE

SRPT

FL

BMRN

 

Economic Calendar

9:00 St. Louis Fed President James Bullard speaks

11:00 Nov Kansas City Fed manufacturing activity expected +1 to 0

11:15 New York Fed President William Dudley speaks

Notable Earnings Before Open

FL: Foot Locker – EPS Est. $.94, Rev Est $1.78B

ANF: Abercromie & Fitch – EPS Est. $.22, Rev Est $864.65M

 

Notable Earnings After Close

NONE

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