Wednesday, July 13, 2016
Economic Calendar & Watch Lists 7/13/2016
Morning Notes
US Futures are relatively flat this morning as European stocks trade slightly higher after chatter of the central bank to minimize the repercussions of Brexit. Asian stocks closed higher after the Japanese PM requested further stimulus measures.
Technicals
The SPY continued its push higher throughout yesterday’s session and closed just off the intraday highs. Support will lie at the low of yesterday’s range at $213.43, followed by $212.95 and $210.78. Resistance will lie only at yesterday’s high at $215.30.
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**
$JUNO
Economic Calendar
8:30 Jun import price index expected +0.6% m/m and -4.6% y/y
10:30 EIA Weekly Petroleum Status Report
1:00 Treasury auctions $12B of 30-year T-bonds
2:00 Jun monthly budget statement expected +$24.0B
2:00 Fed Beige Book
Notable Earnings Before Open
NONE
Notable Earnings After Close
CSX: CSX Corp. – EPS Est. $.44, Rev Est. $2.7B
YUM: Yum! Brands – EPS Est. $.74, Rev Est. $3.08B
