Economic Calendar & Watch List 9/21/2016

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Wednesday, September 21, 2016

 

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are slightly higher this morning while European markets trade sharply higher by +1.4% on speculation the global banks will keep monetary easing policies in play to aid in economic growth. Crude is trading higher by roughly +2% giving energy producing stocks an early bid. Asian stocks closed mostly higher.

 

Technicals

spy921

The SPY traded on an inside range throughout yesterday’s session and ended slightly lower. Support will lie at the low of yesterday’s range at $213.38, followed by $213.03, the double bottom formation at $212.50 and then the 100 day moving average at $212.39. Resistance will lie at the high of yesterday’s range at $214.59, followed by $214.88, $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**

$CLVS
$KMX
$ADBE
$SKX

Economic Calendar

10:30 EIA Weekly Petroleum Status Report

2:00 FOMC interest rate decision

 

Notable Earnings Before Open

KMX: CarMax – EPS Est. $.88, Rev Est. $4.13B

GIS: General Mills – EPS Est. $.76, Rev Est. $3.93B

 

Notable Earnings After Close

RHT: Red Hat – EPS Est. $.54, Rev Est. $590.82M

JBL: Jabil Circuit – EPS Est. $.25, Rev Est. $4.27B

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