Monday March 21, 2016
Economic Calendar & Watch Lists 3/21/2016
Morning Notes
US Futures are slightly higher this morning along with European stocks after Merger and Acquisition activity took place between Sherwin Williams and Valspar as well as Monsanto and BASF. Asian stocks closed mixed.
Technicals
The SPY traded on an inside day on Friday as well as a very limited range. Support will lie at the low of Friday’s session at $203.80, followed by $202.77 and the 200 Day SMA at $201.90. Resistance will lie at the high of Friday’s range at $204.78, followed by $205.23, and $205.89.
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**
$VRX
Economic Calendar
8:30 Feb Chicago Fed national activity index expected -0.03 to 0.25
10:00 Feb existing home sales expected -2.9% to 5.31 million
11:00 USDA weekly grain export inspections
12:40 Atlanta Fed President Dennis Lockhart speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
MFRM: Mattress Firm – EPS Est. $.56, Rev Est. $622.36M
