Economic Calendar & Watch List 1/14/2016

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Thursday January 14, 2016

 

Economic Calendar & Watch List 1/14/2016

 

Morning Notes

US futures are relatively flat this morning and European stocks are selling sharply lower by over -2.5% as concerns on economic growth and outlook continue. The BOE (Bank of England) kept the interest rate at .50%, which was expected. Asian stocks settled mostly lower.

 

Technicals

SPY_1_14

The SPY sold off very significantly and closed just slightly off the lows in yesterday’s session. Support will lie at the low of yesterday’s range at $188.38, followed by $186.93 which then opens into the range of the August 24th flash crash down to $182.40. Resistance will lie at the high of yesterday’s range at $194.86 and $195.85.

 

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**

AMBA

JPM

MBLY

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -2,000 to 275,000

8:30 Dec import price index expected -1.4% m/m and -8.4% y/y

8:30 USDA weekly Export Sales

8:30 St. Louis Fed President James Bullard speaks

                                   

Notable Earnings Before Open

JPM: JP Morgan Chase – EPS Est. $1.27, Rev Est. $22.94B

 

Notable Earnings After Close

INTC: Intel – EPS Est. $.63 Rev Est. $14.80B

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