Tuesday, September 20, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are pointing slightly higher this morning while European stocks also are higher as markets await the results of the 2 day Fed policy meeting and BOJ meeting. Asian stocks closed mostly mixed.
Technicals
The SPY traded in a choppy, range bound fashion throughout the majority of yesterday’s session. Support will lie at the low of yesterday’s range at $213.03, followed by the double bottom formation at $212.50 and then the 100 day moving average at $212.33. Resistance will lie the high of yesterday’s range at $214.88, followed by $215.73, $216.81, and the 50 day moving average 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**
$SRPT
Economic Calendar
8:30 August housing starts expected -1.7% to 1.190M
10:30 FOMC begins 2-day meeting
Notable Earnings Before Open
LEN: Lennar – EPS Est. $.88, Rev Est. $2.66B
Notable Earnings After Close
ADBE: Adobe – EPS Est. $.72, Rev Est. $1.45B
KBH: KB Home – EPS Est. $.39, Rev Est. $954.12M
