Economic Calendar & Watch Lists 7/14/2016

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Thursday, July 14, 2016

 

Economic Calendar & Watch Lists 7/14/2016

 

Morning Notes

US Futures are tracking sharply higher this morning while European markets are trading higher by over +1.2% on continued chatter of global central banks potentially boosting economic stimulus to fortify economic growth. Asian stocks closed predominantly higher.

 

Technicals

SPY714

The SPY initially pushed higher early in yesterday’s session and then drifted back lower into the afternoon and the close. Support will lie at the low of yesterday’s range at $214.35, followed by former light macro ascending resistance at $213.50 – $213.70, the low of Tuesday at $213.43, and the high of Friday at $212.94. There is no current resistance points at this time.

 

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**

$YUM

$WYNN

 

Economic Calendar

8:30 Weekly initial unemployment claims expected +11,000 to 265,000

8:30 Jun PPI final demand expected +0.3% m/m and -0.1% y/y

8:30 USDA weekly Export Sales

11:00 Treasury announces amount of 10-year TIPS

11:15 Atlanta Fed President Dennis Lockhart speaks

 

Notable Earnings Before Open

DAL: Delta Airlines – EPS Est. $1.48, Rev Est. $10.51B

JPM: JPMorgan – EPS Est. $1.43, Rev Est. $24.14B

BLK: BlackRock – EPS Est. $4.79, Rev Est. $2.81B

PGR: Progressive – EPS Est. $.32, Rev Est. $5.75B

 

Notable Earnings After Close

NONE

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