Economic Calendar & Watch List 2/16/2016

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Tuesday February 16, 2016

 

Economic Calendar & Watch Lists 2/16/2016

 

Morning Notes

US futures are higher this morning by over +1% and European markets are trading slightly lower. Strength in US markets are being led by energy producers and bank stocks early. Asian stocks closed mostly lower.

 

Technicals

SPY216

The SPY traded higher in Friday’s session closing at the highs. This morning, the SPY is gapping up over the most recent critical pivot level of 187. Resistance will lie at $188.34, followed by $191.67 and $192.75. Support will lie at $187, followed by the high of Friday at $ $186.65, and then the low of Friday of $183.96.

 

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**

PANW

FB

BABA

Economic Calendar

8:30 Feb Empire manufacturing survey of general business conditions expected +9.37 to -10.00

8:30 Philadelphia Fed President Patrick Harker delivers a speech

10:00 Feb NAHB housing market index expected unch at 60

11:00 USDA weekly grain export inspections

 

Notable Earnings Before Open

ZTS: Zoetis – EPS Est. $.39, Rev Est. $1.25B

 

Notable Earnings After Close

CAKE: Cheesecake Factory – EPS Est. $ Rev Est. $

FOSL: Fossil – EPS Est. $1.30, Rev Est. $923.86M

ESRX: Express Scripts – EPS Est. $1.56, Rev Est. $26.58B

 

February 16th Watch List

SHOO – A previous short watch idea that is now on its way back up after bouncing on support. Long entry over 33.50, stop 33.00. Room here is to 33.80 and the 34.90 or so.

URBN – A nice uptrend after a rejection of the lows when this broke down under 20. Firmly cruising higher over the 20 and 50 EMA in all market conditions, this one has room back to reality. Long entry is over 25, add 25.20. Room here is to 27.20 and then 28.60. Stop will be 24.50 initially.

MOS – After consolidating for a bit at the 20 EMA and following a lack luster earnings performance, if market heads toward the lows, look for this to follow. Nice liquidity and decent ATR. Room here is down to 22.00 lows, but then back toward 20 after that. Short entry is under 22.50, add 22.00. Stop will be 23.00.

Swing Trade Watch List 02/16/16

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