Economic Calendar & Watch Lists 4/26/2016

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Tuesday April 26, 2016

 

Economic Calendar & Watch Lists 4/26/2016

 

Morning Notes

US Futures are pointing mildly higher while European stocks are trading slightly higher. Energy producers are leading early as the price of crude pushes higher. Asian markets closed mixed.

 

Technicals

SPY426

The SPY drifted lower initially in yesterday’s session to only then edge back higher in the late afternoon, closing out just off the highs. Support will lie at the low of yesterday’s range at $207.54, followed by $207, $206.84, and $206.25. Resistance will lie at the high of yesterday’s range at $208.66, followed by $209.29, macro descending resistance at $210, $210.25, and $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**

$TMUS

$WHR

 

Economic Calendar

8:30 March Durable Goods Orders expected +1.8% and +0.5% ex-trans

9:00 Feb S&P/CaseShiller composite-20 home price index expected +0.8% m/m and +5.5% y/y

9:45 Prelim-Apr Markit services PMI expected +0.7 to 52.0

10:00 Apr Conference Board U.S. consumer confidence index expected -0.3 to 95.9

10:00 Apr Richmond Fed manufacturing survey expected -10 to 12

10:30 FOMC begins 2-day policy meeting

1:00 Treasury auctions $34B of 5 year T-Notes

 

Notable Earnings Before Open

LLY: Eli Lilly – EPS Est. $.85, Rev Est. $4.82B

GLW: Corning – EPS Est. $.28, Rev Est. $2.23B

HSY: Hershey – EPS Est. $1.05, Rev Est. $1.9B

MMM: 3M – EPS Est. $1.92, Rev Est. $7.33B

PG: Procter Gamble – EPS Est. $.81, Rev Est. $15.81B

LMT: Lockheed Martin – EPS Est. $2.51, Rev Est. $11.34B

WHR: WhirlPool – EPS Est. $2.71, Rev Est. $4.69B

RAI: Reynolds American – EPS Est. $.50, Rev Est. $2.93B

 

Notable Earnings After Close

AAPL: Apple – EPS Est. $1.97, Rev Est. $51.97B

T: AT&T – EPS Est. $.69, Rev Est. $40.53B

AKAM: Akamai – EPS Est. $.63, Rev Est. $564.10M

CMG: Chipotle Mexican Grill – EPS Est. $(-1.06), Rev Est. $868.52M

EBAY: eBay – EPS Est. $.45, Rev Est. $2.08B

WYNN: Wynn Resorts – EPS Est. $.83, Rev Est. $999.07M

 

April 26th Swing Watch List

$CFMS – A solid daily bull falg setup with a great ATR and nice range. Clear defined pivot at 13.30 area. Long will be over 13.30, stop 13.00. Room is to 14 and then 15. Love the risk reward on this one.

$RAX – A sweet early reversal setup. This looks GREAT for a breakdown under the 23.65 area. Short starter entry is under 24, then a definite add for size under 23.64. Target will be 21.30.

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