Friday April 22, 2016
Economic Calendar & Watch Lists 4/22/2016
Morning Notes
US futures are relatively flat this morning while European stocks trade slightly higher as gains were paired after Daimler AG was requested by the DOJ to probe emissions certifications. The price of crude edged higher overnight, lifting energy producers. Asian markets closed mixed.
Technicals
The SPY tested, rejected and closed back below the macro descending resistance line in yesterday’s session. Support will lie at the low of yesterday’s range at $208.65, followed by $207 and $206.84. Resistance will lie at the descending resistance line at $210, followed by the high of yesterday’s range at $210.25 and then $210.92.
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**
$CAT
$MCD
$VRX
Economic Calendar
9:45 Preliminary-Apr Markit U.S. manufacturing PMI expected +0.5 to 52.0
3:00 USDA Mar Cold Storage
3:00 USDA Mar Cattle on Feed
Notable Earnings Before Open
AAL: American Airlines – EPS Est. $1.18, Rev Est. $9.44B
GE: General Electric – EPS Est. $.21, Rev Est. $27.78B
KMB: Kimberly Clark – EPS Est. $1.51, Rev Est. $4.54B
MCD: McDonald’s – EPS Est. $1.16, Rev Est. $5.79B
CAT: Caterpillar – EPS Est. $.67, Rev Est. $9.4B
Notable Earnings After Close
NONE
