Economic Calendar & Watch Lists 6/24/2016


Friday June 24, 2016


Economic Calendar & Watch Lists 6/24/2016


Morning Notes

US Futures are sharply lower this morning by over -4% while European stocks fell over -9% after the Brexit vote decided that UK would leave the European Union. Asian stocks also closed sharply lower, led by the Nikkei down over -7%.




The SPY tumbled lower overnight on the Brexit decision and is currently trading just off its 200 day moving average. Support will lie at the 200 day moving average at $$200.09, followed by $201.74, $201.55, $201.05, and the lower support pivot of $200.05. Resistance will lie at $204.54, $204.86, $204.99, and the mid range resistance pivot at $205.25.

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

8:30 May durable goods orders expected -0.5% and +0.1% ex trans

10:00 Final-June University of Michigan U.S. consumer sentiment index expected -0.2 to 94.1


Notable Earnings Before Open



Notable Earnings After Close



June 24th Swing Watch List

$KMPR – Long entry over 33.15-33.20, stop 32.50. Target is 34, then 35. This is a lighter volume name, so size accordingly.

$KEYW – Long entry over 10.00, stop 9.70. Target is 11.00.

$HEES – Long entry over 20.51, stop 19.80. Target is 21.50.

$PRTY – Long entry over 13.53, stop 13.15. Target is 14.10.

$SGMS – Long entry over 10.15, stop 9.75. Target is 10.75, then 11.50.

$MMP – On short watch for a possible reversal. Looking for return toward 72. Will short some near 78, or under 77.

$SPY – Looking to start a bear put spread on the SPY as it tests these highs yet again. Looking for a Jul16 210/208 put spread for a quick 30% on a market pull back.