Economic Calendar & Watch Lists 6/21/2016


Tuesday June 21, 2016


Economic Calendar & Watch Lists 6/21/2016


Morning Notes

US Futures are slightly higher this morning along with Europe trading at weekly highs ahead of Fed Chair Yellen’s testimony to the senate banking committee and ECB President Draghi’s speech to parliament. Asian stocks closed mixed across the board.




The SPY retraced a portion of Monday’s sharp gap higher closing just below the 50 day SMA. Support will lie at the low of yesterday’s range at $207.75, followed by $207.20 and the critical support pivot at $207. Resistance will lie at the macro resistance trendline at $209, followed by the high of yesterday’s range at $209.61, $210.37, and $210.86.

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**



Economic Calendar

10:00 Fed Chair Janet Yellen testifies on monetary policy to the Senate Banking Committee

1:00 Treasury auctions $34 billion of 5-year T-notes


Notable Earnings Before Open

LEN: Lennar – EPS Est. $.87, Rev Est. $N/A

KMX: Carmax – EPS Est. $.92, Rev Est. $4.2B


Notable Earnings After Close

FDX: Fedex – EPS Est. $3.26, Rev Est. $12.78B

ADBE: Adobe – EPS Est. $.68, Rev Est. $1.4B

CCL: Carnival Cruise Lines – EPS Est. $.39, Rev Est. $3.68B


June 21st Swing Watch List

$S – Long entry is over 3.91, add spot over 4.00. Stop is 3.75. Target is 4.20, then 4.40.

$TMST – Long entry over 10.41, stop 10.40. Add spot over 10.77. Target is 11.10, then 11.75.

$CCOI – On short watch. Short entry below 39.74, stop 40.60. Target is 39.00

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.