Tuesday March 29, 2016
Economic Calendar & Watch Lists 3/29/2016
Morning Notes
US futures are relatively flat this morning as China sold off overnight by -1.3% along with the price of crude slipping lower by roughly -1.5%. The markets await Fed Chair Yellen’s speech at 11:30 A.M. EST.
Technicals
The SPY held its 9 EMA in yesterday’s session, closing slightly lower on the day. Support will lie at the 9 EMA at $203.14, followed by the low of yesterday’s range at $202.71, the 200 day SMA at $200.76 and Thursday’s low of $202.74. Resistance will lie at the high of yesterday’s range at $203.86, followed by $204.33 and a double top at $205.23.
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**
TBD
Economic Calendar
9:00 Jan S&P CaseShiller composite-20 home price index expected +0.7% m/m and +5.8% y/y
10:00 Mar consumer confidence expected +1.8 to 94.0
11:30 Fed Chair Janet Yellen speaks
1:00 Treasury auctions $34 billion of 5-year T-notes
4:00 Dallas Fed President Robert Kaplan speaks
Notable Earnings Before Open
$LEN: Lennar – EPS Est. $.52, Rev Est. $1.86B
Notable Earnings After Close
NONE
