Wednesday January 13, 2016
Economic Calendar & Watch List 1/13/2016
Morning Notes
US futures are higher this morning and European stocks are trading higher by +1.25% after a economic report out of China showed that imports and exports fell less than expected for the prior month. Asian stocks closed higher.
Technicals
The SPY initially traded lower in yesterday’s session and ended well off the lows after a late day rally occurred. Support will lie at the low of yesterday’s range at $191.14, followed by $189.82 and $189.12. Resistance will lie at the high of yesterday’s range at $194.55, followed by $195.85 and a heavy resistance zone between $197.40 – $197.50.
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**
CYBR
MSFT
ESRX
QCOM
Economic Calendar
10:30 EIA Weekly Petroleum Status Report
12:30 Chicago Fed President Charles Evans speaks on the economic outlook
1:00 Treasury auctions $21 billion 10-year T-notes
2:00 Dec monthly budget statement expected -$10.0 billion
2:00 Fed Beige Book
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE