Tuesday December 22, 2015
Economic Calendar & Watch List 12/22/2015
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.
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**
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