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
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