Economic Calendar & Watch Lists 8/26/2016

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Friday, August 26, 2016

 

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are relatively flat this morning while European markets are trading slightly lower ahead of Fed Chair Janet Yellen’s speech from Jackson Hole at 10:00 AM EST.  Asian stocks closed mostly mixed.

 

Technicals

SPY826

The SPY traded lower throughout yesterday’s session, tested the upper support pivot at $217.30 and closed back above. Support will first lie at the upper support pivot at $217.30, followed by the low of yesterday’s range at $217.22, then $217.02, $216.78, and $215.83. Resistance will lie at the high of yesterday’s range at $218.19, then $218.91, and all time highs at $219.60.

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**

TBD

Economic Calendar

8:30 Revised Q2 GDP expected +1.1%

8:30 July wholesale inventories expected +0.1%

10:00 Final-Aug University of Michigan U.S. consumer sentiment index expected +0.4 to 90.8

10:00 Fed Chair Janet Yellen speaks at the Jackson Hole Policy Symposium

 

Notable Earnings Before Open

BIG: Big Lots – EPS Est. $.45, Rev. Est. $1.22B

 

Notable Earnings After Close

NONE

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