Economic Calendar & Watch List 12/22/2015

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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

SPY_12_22

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

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