Economic Calendar & Watch Lists 1/28/2016

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Thursday January 28, 2016

 

Economic Calendar & Watch List 1/28/2016

 

Morning Notes

US futures are flat to slightly higher this morning led by a big beat in FB earnings which is currently trading 14% higher in the pre market. European stocks are trading lower by nearly -2% after a larger than expected drop in the January consumer confidence number out of the Eurozone. Asian stocks closed mixed across the board.

 

Technicals

SPY128

The SPY traded lower in yesterday’s session following the FOMC minutes and ended near the lows. Support will lie at the low of yesterday’s range at $187.06, followed by $184.64 and $181.02. Resistance will lie at the high of yesterday’s range at $191.56, followed by $193.26.

 

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**

NOW

BABA

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -12,000 to 281,000

8:30 Dec durable goods orders expected -0.7% and -0.1% ex-transportation

8:30 USDA weekly Export Sales

10:00 Dec pending home sales expected +0.9% m/m and +4.8% y/y

11:00 Jan Kansas City Fed manufacturing activity expected -1 to -10

1:00 Treasury auctions $29 billion 7-year T-notes

 

Notable Earnings Before Open

CAT: Caterpillar – EPS Est. $.69, Rev Est. $11.42B

UA: Under Armour – EPS Est. $.46, Rev Est. $1.12B

F: Ford Motor – EPS Est. $.49, Rev Est. $36.32B

BABA: Alibaba – EPS Est. $.91, Rev Est. $33.18B

TWC: Time Warner – EPS Est. $1.79, Rev Est. $6.05B

CELG: Celgene – EPS Est. $1.25, Rev Est. $2.54B

LLY: Eli Lilly – EPS Est. $.77, Rev Est. $5.32B

JCI: Johnson Controls – EPS Est. $.83, Rev Est. $9.27B

HSY: Hershey – EPS Est. $1.05, Rev Est. $1.98B

BHI: Baker Hughes – EPS Est. $(.10), Rev Est. $3.47B

 

Notable Earnings After Close

V: Visa – EPS Est. $.68, Rev Est. $3.62B

AMZN: Amazon – EPS Est. $1.61, Rev Est. $35.98B

EA: Electronic Arts – EPS Est. $1.81, Rev Est. $1.81B

SWKS:  Skyworks – EPS Est. $1.57, Rev Est. $915.68M

MSFT: Microsoft – EPS Est. $.71, Rev Est. $25.26B

AMGN: Amgen – EPS Est. $2.27, Rev Est. $5.53B

 

January 28th Watch List

QURE – Liking this bullish setup over the 20 and 50 EMAs, room to much higher in the range. Long entry is over 18.30, stop 18.00. Room here is to 19.40, then 20.80.

DEST – Nice bounce potential following a big earnings run. Long entry will be over 6.45-6.50, stop 6.15. Room here is going to be to 6.90, and then 7.50. $10 recent highs are not out of the question, just need some market cooperation.

AMC – On short watch under 20.60, stop 21.00. Room here is down to 19.66, recent lows. What I like here is that the stock is currently testing major long term support.

RNG – On short watch for a move down to 20.60, and then 19.80 gap fill. Nice fail at the 20/50 EMA today. entry is under 21.50, stop 22.00.

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

Click here to view our Swing Trade Watch List

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at mike@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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