Economic Calendar & Watch Lists 3/21/2016

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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

SPY321

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

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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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