Economic Calendar & Watch Lists 10/18/2016

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Tuesday October 18, 2016

 

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are tracking modestly higher this morning while European stocks also trade sharply higher by over +1% as speculation that the US economy has strengthened enough to endure a gradual increase in interest rates. Asian stocks closed higher led by a rally in Chinese names.

 

Technicals

spy1018

The SPY traded lower throughout yesterday’s session and closed back below the support pivot at $212.50. This morning, the SPY is gapping higher and support will lie at the high of yesterday’s range at $213.39, followed by the support pivot at $212.50, the low of yesterday’s range at $212.17, then $211.21 and $210.78. Resistance will lie at the 100 day moving average at $214.07, followed by $214.69, $215.74, $215.99, and the 50 day moving average at $216.34.

 

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**

$GS

$IBM

Economic Calendar

8:30 September CPI expected +0.3% m/m

10:00 October NAHB housing market index expected -2 to 63

 

Notable Earnings Before Open

DPZ: Domino’s Pizza – EPS Est. $.90, Rev Est. $543.03M

GS: Goldman Sachs – EPS Est. $3.86, Rev Est. $7.55B

GWW: Grainger – EPS Est. $3.02, Rev Est. $2.6B

HOG: Harley Davidson – EPS Est. $.63, Rev Est. $1.1B

JNJ: Johnson & Johnson – EPS Est. $1.65, Rev Est. $17.69B

KSU: Kansas City Southern – EPS Est. $1.20, Rev Est. $604.18M

UNH: United Healthcare – EPS Est. $2.08, Rev Est. $45.87B

 

Notable Earnings After Close

CREE: Cree – EPS Est. $.12, Rev Est. $324.15M

INTC: Intel – EPS Est. $.73, Rev Est. $15.55B

YHOO: Yahoo! – EPS Est. $.14, Rev Est. $860.88M

 

October 18th Swing Watch List

Earnings setups: YHOO, ISRG, CREE, HAL Will be looking to focus on iron condor setups through earnings, and managing open trades. Once we get some trenders coming out of earnings, we will jump on to those.

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