Economic Calendar & Watch Lists 2/10/2016

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Tuesday February 9, 2016

 

Economic Calendar & Watch List 2/9/2016

 

Morning Notes

US futures are pointing sharply higher this morning by over +1% and European stocks are trading higher by over +2% as crude oil rallies. Bank stocks are leading the market higher early after Janet Yellen’s testimony to the House Financial Services Committee this morning. Asian stocks closed mostly lower.

 

Technicals

SPY_210

The SPY ended higher in yesterday’s session but rejected the gap fill level. This morning, the SPY is gapping above the critical $187 level. Support will lie at $187, followed by the high of yesterday at $186.94, and then to the low of yesterday at $183.20. Resistance will lie at $191.67 and $192.75.

 

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**

Breaking News Watch

Economic Calendar

10:00 Fed Chair Janet Yellen appears before the House Financial Services Committee

10:30 EIA Weekly Petroleum Status Report

1:00 Treasury auctions $23 billion 10-year T-notes

2:00 January Monthly Budget Est $42.5B

 

Notable Earnings Before Open

TWX: Time Warner – EPS Est. $1.01, Rev Est. $7.53B

HUM: Humana – EPS Est. $1.45, Rev Est. $13.51B

 

Notable Earnings After Close

TSLA: Tesla Motors – EPS Est. $.08, Rev Est. $1.79B

WFM: Whole Foods Market – EPS Est. $.40, Rev Est. $4.81B

 

February 10th Watch List

RCII – On swing watch again this week as it is nearing the gap test once more, but will require a strong market. Same levels are in play. Long entry over 11.20, add over 11.41, stop 11.15. Room here is to 11.82 and then 12.70.
COLM  – On short watch for the completion of the current sell off back to 44 support. Short entry is under 46.50, stop 47.25. Room here is to 45.00 and then 43.70.

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