Monday, July 18, 2016
Economic Calendar & Watch Lists 7/18/2016
Morning Notes
US Futures are slightly lower this morning while European stocks trade lower, off 3 week highs, after a failed military coup took place in Turkey over the weekend. Asian stocks closed mixed while Japan is closed for a holiday.
Technicals
The SPY drifted lower throughout Friday’s session, pulling off the recent highs. Support will lie at $215.31, $214.35, the former ascending macro resistance at $213.80 – $214, and then $213.43. Resistance will lie only at the high of Friday’s range at $217.01.
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 Jul NAHB housing market index expected unchanged at 60
11:00 USDA weekly grain export inspections
4:00 USDA Weekly Crop Progress
Notable Earnings Before Open
BAC: Bank of America – EPS Est. $.34, Rev Est. $20.39B
SCHW: Charles Schwab – EPS Est. $.30 Rev Est. $1.8B
HAS: Hasbro – EPS Est. $.39, Rev Est. $858.97M
CALM: Cal-Maine Foods – EPS Est. ($0.20), Rev Est. $304.29M
Notable Earnings After Close
NFLX: Netflix – EPS Est. $.02, Rev Est. $2.11B
VMW: VMware – EPS Est. $.95, Rev Est. $1.68B
EMC: EMC Corp – EPS Est. $.42, Rev Est. $6B