Economic Calendar & Watch Lists 7/15/2016


Friday, July 15, 2016


Economic Calendar & Watch Lists 7/15/2016


Morning Notes

US Futures are relatively flat to slightly lower this morning and European stocks are trading lower by just under -1% after a strong week of gains. China posted better than expected Q2 GDP, new lending, and industrial production which pushed Asian stocks higher.




The SPY put in more highs early in yesterday’s session and then drifted slightly lower into the close. Support will lie at the low of yesterday’s range at $215.66, followed by $215.45, $215.35, the former ascending resistance at $213.50 – $213.70 and then $213.43. Resistance will lie only at the high of yesterday’s range at $216.87.


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 June retail sales expected +0.1% and +0.4% ex autos

8:30 Jun CPI expected +0.2% m/m and +1.1% y/y

8:30 Jul Empire manufacturing survey general business conditions expected -1.01 to 5.00

9:15 June industrial production expected +0.3%

10:00 May business inventories expected +0.1%

10:00 Prelim-Jul University of Michigan U.S. consumer sentiment index expected -0.2 to 93.3

1:00 San Francisco Fed President John Williams speaks

1:15 Minneapolis Fed President Neel Kashkari speaks


Notable Earnings Before Open

C: Citigroup – EPS Est. $1.09, Rev Est. $17.43B

INFY: Infosys Limited – EPS Est. $.23, Rev Est. $2.55B

WFC: Wells Fargo – EPS Est. $1.02, Rev Est. $22.17B

PNC: PNC Financial Services – EPS Est. $1.75, Rev Est. $3.82B

USB: US Bancorp – EPS Est. $.81, Rev Est. $5.19B


Notable Earnings After Close