Economic Calendar & Watch List 11/25/2015

1530

Wednesday November 25, 2015

 

Economic Calendar & Watch List 11/25/2015

 

Morning Notes

US Futures are drifting slightly higher ahead of the Thanksgiving holiday and European markets are trading higher by over +1% as once again the markets shrug off the recent negative news of the Turkey/Russia conflict. Asian stocks closed mostly lower.

 

Technicals

SPY_11_25

The SPY ended higher in yesterday’s session although making a lower high in the daily trend. Support will lie at the low of yesterday’s range at $207.41, followed by the 200 day moving average at $206.61. Resistance will lie at the high of yesterday’s range at $209.83, followed by $208.98, $210.12, 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**

BMRN

BXLT

PTCT

 

Economic Calendar

8:30: Personal Income, Oct. est. 0.4% (prior 0.1%)

8:30: Durable Goods Orders, Oct. est. 1.7% (prior -1.2%)

8:30: Initial Jobless Claims, Nov. 21, est. 270k (prior 271k)

9:00 FHFA House Price Index m/m, Sept. est. 0.4% (prior 0.3%)

9:45: Markit US Composite PMI, Nov. (prior 55)

9:45: Bloomberg Consumer Comfort, Nov. 22 (prior 41.2)

10:00 New Home Sales, Oct., est. 500k (prior 468k)

10:00 U of Michigan Sentiment, Nov. est. 93.1 (prior 93.1)

10:00 Freddie Mac mortgage rates

10:30: DOE Energy Inventories

11:00 U.S. to announce plans for auction of 3M/6M bills

11:30: U.S. to sell $29b 7Y notes

12:00 EIA natural-gas storage change

1:00 Baker Hughes rig count

Notable Earnings Before Open

DCI: Donaldson Co – EPS Est. $.33, Rev Est. $551.6M

DE: Deere & Co – EPS Est. $.75, Rev Est. $6.13B

 

Notable Earnings After Close

NONE

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