Tuesday December 22, 2015
Economic Calendar & Watch List 12/22/2015
Morning Notes
US futures are relatively flat this morning and European stocks are trading slightly higher. Crude prices moved higher overnight by roughly +.5%. Asian stocks closed mostly mixed.
Technicals
The SPY traded on an inside day in yesterday’s session and closed the day higher. Support will lie at the low of yesterday’s range at $200.09, followed by $199.83, $199.64 and $198.94. Resistance will lie at the high of yesterday’s range at $201.88, followed by $202.93, $203.05, and $204.58.
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**
ESRX
NTAP
XON
Economic Calendar
8:30 Q3 GDP expected revised to +1.9% from +2.1%
9:00 Oct FHFA house price index expected +0.5% m/m
10:00 Nov existing home sales expected -0.4% at 5.34 million
10:00 Dec Richmond Fed manufacturing survey expected +2 to -1
Notable Earnings Before Open
CAG: ConAgra – EPS Est. $.60, Rev Est. $3.34B
PAYX: Paychex – EPS Est. $.51, Rev Est. $724.47M
Notable Earnings After Close
NKE: Nike – EPS Est. $.86, Rev Est. $7.81B
MU: Micron Technology – EPS Est. $.23, Rev Est. $3.46B
