Monday November 30, 2015
Economic Calendar & Watch List 11/30/2015
US futures are relatively flat to slightly higher this morning and European stocks are trading higher by +.75% at over a 3 month high. Asian stocks closed mostly lower.
The SPY remained in a narrow, choppy range through the holiday which limited the potential for day traders. Support will lie at the low of Friday’s range at $208.86, followed by $207.41, and the 200 day moving average at $206.61. Resistance will lie at the high of Friday’s range at $209.90, followed by $209.83, $209.98, $210.32, and finally descending resistance at $210.52.
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**
|9:00 Nov Milwaukee ISM expected +1.34 to 48.00
9:45 Nov Chicago PMI expected -2.2 to 54.0
10:00 Oct pending home sales expected +1.0% m/m and +4.5% y/y
10:30 Nov Dallas Fed manufacturing outlook level of general business activity expected +2.7 to -10.0
11:00 USDA weekly grain export inspections
4:00 USDA weekly crop progress
Notable Earnings Before Open
GLNG: Golar LNG – EPS Est. $ (.33), Rev Est. $N/A
Notable Earnings After Close
BLOX: InfoBlox – EPS Est. $.06, Rev Est. $87.58M