Economic Calendar & Watch Lists 4/19/2016

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Tuesday April 19, 2016

 

Economic Calendar & Watch Lists 4/19/2016

 

Morning Notes

US futures are higher again this morning nearing a 5 month high while European stocks are also trading higher by +1.3% and at monthly highs. The price of Crude edged higher and back up $40, lifting energy producer stocks. Asian stocks closed predominantly higher.

 

Technicals

SPY419

SpY419macro

The SPY extended its recent gains in yesterday’s session closing out on the highs. Support will lie at the high of yesterday’s range at $209.28, followed by the low of yesterday’s range at $207. Resistance will lie at $209.73, $209.97, and macro descending resistance at $210 which when tested as of recently, has failed illustrated by the chart above.

 

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**

$HOG

$EBAY

$NFLX

 

Economic Calendar

8:30 Mar housing starts expected -1.0% to 1.166 million

 

Notable Earnings Before Open

HOG: Harley Davidson – EPS Est. $1.28, Rev Est. $1.5B

KSU: Kansas City Southern – EPS Est. $.97, Rev Est. $565.58

UNH: United Healthcare – EPS Est. $1.72, Rev Est. $43.96B

GS: Goldman Sachs – EPS Est. $2.57, Rev Est. $6.76B

JNJ: Johnson & Johnson – EPS Est. $1.64, Rev Est. $17.47B

PM: Philip Morris – EPS Est. $1.11, Rev Est. $6.35B

 

Notable Earnings After Close

INTC: Intel – EPS Est. $.49, Rev Est. $13.88B

ISRG: Intuitive Surgical – EPS Est. $4.35, Rev Est. $593.08M

YHOO: Yahoo! – EPS Est. $.07, Rev Est. $1.08B

 

April 19th Swing Watch List

$AMAG – Popping up with nice relative volume, this bio has a great setup to move higher. Looking for a long over 26.80-26.90, stop 26.00 Room here is to 27.60 (add spot) and then 29.60 target.

$DSW – Short watch after catching some lowered price targets. This has been trading heavy near support and finally broke today and tested the next level down. Looking for  a short entry under 25.30, add under 25.00. Room here is to 24.30 and then 23.70. Stop will be 26.

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