Economic Calendar & Watch Lists 4/27/2016

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Wednesday April 27, 2016

 

Economic Calendar & Watch Lists 4/27/2016

 

Morning Notes

US Futures are slightly lower this morning as technology leads the move lower after Apple trading lower by over -8% in the premarket as the company announced its first ever revenue shortcoming in 10 consecutive years. Crude prices moved higher lifting energy producers as well as aiding in supporting the market. Europe stocks are trading relatively flat as Asian markets closed lower.

 

Technicals

SPY427

The SPY attempted to push higher in yesterday’s session and then later fell back to close slightly lower. Support will lie at the low of yesterday’s range at $208.36, followed by $207.54, $207, and $206.84. Resistance will lie at the high of yesterday’s range, followed closely by macro descending resistance at $210, then $210.25, $210.92, and $211.

 

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**

$XON

$AAPL

$TWTR

Economic Calendar

10:00 Mar pending home sales expected +0.5% m/m and +0.8% y/y

10:30 EIA Weekly Petroleum Status Report

2:00 FOMC announces interest rate decision

 

Notable Earnings Before Open

BHI: Baker Hughs – EPS Est. $(-.33), Rev Est. $2.85B

BA: Boeing – EPS Est. $1.81, Rev Est. $21.44B

UTX: United Technologies – EPS Est. $1.39, Rev Est. $13.18B

CMCSA: Comcast – EPS Est. $.79, Rev Est. $18.64B

LLL: L-3 Communications – EPS Est. $1.57, Rev Est. $2.36B

GRMN: Garmin – EPS Est. $.43, Rev Est. $585.89M

ANTM: Anthem – EPS Est. $3.34, Rev Est. $19.86B

 

Notable Earnings After Close

UNM: Unum – EPS Est. $.90, Rev Est. $2.73B

TXN: Texas Instruments – EPS Est. $.62, Rev Est. $2.98B

HOLX: Hologix – EPS Est. $ Rev Est. $
FSLR: First Solar – EPS Est. $.46, Rev Est. $687.16M

MAR: Marriott – EPS Est. $.84, Rev Est. $3.68B

FB: Facebook – EPS Est. $.62, Rev Est. $5.25B

PYPL: Paypal – EPS Est. $.36, Rev Est. $N/A

SNDK: SanDisk – EPS Est. $.55, Rev Est. $1.21B

ADT: ADT Corp – EPS Est. $.50, Rev Est. $910.61M

 

April 27th Swing Watch List

$CSTM– On watch multiple times this year, but never seems to cooperate. It looks good here for a move over 6 resistance. Looking for a target of 6.75-7. Long entry is over 6.01-6.03, stop 5.75.

$RTK – A sweet, large bull flag with big room. Capable of high flying when volume comes in. Long entry is over 3.90, add spot over 4. Room to 4.15 and then 5.00 near the 200 EMA. So, looking for those profits every 3-5%. Stop will be 3.64.

$TSE – Still a short opportunity here, that in a weak market, could come in hard. Nice room down to 41.60 area, then 40. Short entry is under 43.70, stop 44.54.

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