Economic Calendar & Watch Lists 1/27/2016

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Wednesday January 27, 2016

 

Economic Calendar & Watch List 1/27/2016

 

Morning Notes

US futures are pointing lower this morning by -6% while European markets are trading lower by over -1% as AAPL reported weak sales and revenue and is trading lower by nearly 4% in the pre market. Markets will await the results of the FOMC meeting announced today at 2 PM EST. Asian stocks closed mixed.

 

Technicals

SPY127

The SPY traded higher in yesterday’s session and managed to hold the gains into the close. Support will lie at the low of yesterday’s range at $188.02, followed by $187.41 and $184.64. Resistance will lie at the high of yesterday’s range at $190.53, followed closely by $190.76.

 

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**

AAPL

BA

 

Economic Calendar

10:00 Dec new home sales expected +2.0% to 500,000

10:30 EIA Weekly Petroleum Status Report

11:30 Treasury auctions $15 billion 2-year floating-rate notes

1:00 Treasury auctions $35 billion 5-year T-notes

2:00 FOMC announces interest rate decision  

 

Notable Earnings Before Open

HES: Hess – EPS Est. $(1.36), Rev Est. $1.56B

BIIB: Biogen – EPS Est. $4.07, Rev Est. $2.71B

BA: Boeing – EPS Est. $1.26, Rev Est. $23.55B

GD: General Dynamics – EPS Est. $2.35, Rev Est. $8.24B

ANTM: Anthem – EPS Est. $1.23, Rev Est. $19.9B

EMC: EMC Corp – EPS Est. $.65, Rev Est. $7.13B

STJ: St Jude Medical – EPS Est. $1.01, Rev Est. $1.47B

ITW: Illinois Tool Works – EPS Est. $1.21, Rev Est. $3.24B

NSC: Norfolk Southern – EPS Est. $1.27, Rev Est. $2.57B

 

Notable Earnings After Close

LRCX: Lam Research – EPS Est. $1.42, Rev Est. $1.41B

QCOM: Qualcomm – EPS Est. $.90, Rev Est. $5.69B

TSCO: Tractor Supply – EPS Est. $.82, Rev Est. $1.66B

SNDK: SanDisk – EPS Est. $.89, Rev Est. $1.44B

URI: United Tool Rental – EPS Est. $2.35, Rev Est. $1.53B

CCI: Crown Castle – EPS Est. $1.12, Rev Est. $928.53M

EBAY: eBay – EPS Est. $.50, Rev Est. $2.32B

JNPR: Juniper Networks – EPS Est. $.59, Rev Est. $1.3B

FB: FaceBook – EPS Est. $.68, Rev Est. $5.37B

 

January 27th Watch List

FLS – On swing watch for a continuation of the reversal off the bottom. Nice and strong move up followed by decent flag period with more room to go. Looking for a long entry over 37.54, stop 37.00. Target 38.90-39.50.

EARS – Previous big runner with another setup looking to move higher. Long entry will be over 4.50, stop 4.20. First target is 5.00 and then 5.40.

APOL – A nice bullish breakout over resistance under way here, with some more room to go. Long entry will be over 8.10, stop 7.75. Room here to 8.40 and then it opens up to 10.

UBNT – On short watch while testing long term support at 28.50. Short entry will be under 28.35, stop 29.00. First target is 27.60, and then 27.00.

WMGI – On short watch for the breakdown under 20.00 after multiple tests in a few year weeks. Longer term support loves to fail hard in weak markets. Short entry is under 20.30 for a starter, add spot under 20.00. First target is 19.00.

FB – On watch for an earnings straddle before the close. Will alert details of the trade if taken.

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