Monday, July 25, 2016
Economic Calendar & Watch Lists 7/25/2016
Morning Notes
US Futures are relatively flat this morning while European stocks post strong gains. The week ahead for US markets is the busiest for earnings for the current quarter. On Wednesday, the FOMC will release the results of their meeting, the BOJ meeting on Thursday and Friday, followed up by the results of the European bank stress test results. Asian stocks closed mostly mixed.
Technicals
The SPY traded higher throughout Friday’s session closing out just off the highs. Support will lie at the low of Friday’s session at $216.10, followed closely by $215.75, $215.63, and $215.31. Resistance will lie at the high of Friday’s range at $217.30 and then the all time highs at $217.30.
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**
Economic Calendar
10:30 Jul Dallas Fed manufacturing activity expected +8.3 to -10.0
Notable Earnings Before Open
NONE
Notable Earnings After Close
GILD: Gilead Sciences – EPS Est. $3.02, Rev Est. $7.79B
LVS: Las Vegas Sands – EPS Est. $.56, Rev Est. $2.77B
TXN: Texas Instruments – EPS Est. $.72, Rev Est. $3.2B
