Economic Calendar & Watch Lists 5/20/2016

1914

Friday May 20, 2016

 

Economic Calendar & Watch Lists 5/20/2016

 

Morning Notes

US Futures are slightly higher this morning while European stocks trade higher by +1% as the price of commodities moves higher lifting energy names. Asian stocks closed predominantly higher.

 

Technicals

SPY520

The SPY continued its move lower in yesterday’s session on carryover from Wednesday’s momentum. Support will lie at the high of yesterday’s range at $204.54, followed by the low of yesterday’s range at $202.78, then $202.40, $201.74, $201.55, and the 200 day SMA at $201.20. Resistance will lie at the critical resistance pivot at $205.25, followed by the 50 day SMA at $205.83, then the high of Wednesday at $206.30.

 

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**

$ROST

$DE

$CPB

 

Economic Calendar

10:00 Apr existing home sales expected +1.3% to 5.40M

 

Notable Earnings Before Open

DE: Deere & Co – EPS Est. $1.46, Rev Est. $6.72B

FL: Foot Locker – EPS Est. $1.40, Rev Est. $2B

CPB: Campbell Soup – EPS Est. $.65, Rev Est. $1.91B

 

Notable Earnings After Close

NONE

NO COMMENTS