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
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.