Economic Calendar & Watch List 12/15/2015

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Tuesday December 15, 2015

 

Economic Calendar & Watch List 12/15/2015

 

Morning Notes

US futures are higher this morning by nearly +1% and European stocks are trading sharply higher by over +2% after a strong rally in crude oil. Asian stocks closed mostly mixed.

 

Technicals

SPY_12_15

The SPY initially sold off in yesterday’s session but later made a strong rebound closing near the highs. Support will lie at the low of yesterday’s range at $199.95, followed by $199.64, $198.94, and $198.59. Resistance will lie at the high of yesterday’s range at $203.05, followed by $204.14, $204.18, the 50 day moving average at $205.97, and finally the 200 day moving average at $206.40.

 

Small Cap Watch List

KTOV: Kitov Osteoarthritis, Hypertension Combo Meets Goal. Gapping up 45%.

 

**Others On Watch**

QCOM – After completing a strategic review, Qualcomm Raises FY1Q EPS View After Rejecting Split

LL – Whitney Tilson Covered Lumber Liquidators Short

MMM – 3M Sees 2015 EPS $7.55, Saw $7.60 to $7.65, Est. $7.62

 

Economic Calendar

8:30 Dec Empire manufacturing survey of general business conditions expected +3.74 to -7.00

8:30 Nov CPI expected unch m/m and +0.5% y/y

9:30 FOMC begins 2-day policy meeting

10:00 Dec NAHB housing market index expected +1 to 63

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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