Economic Calendar & Watch Lists 10/19/2016

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Wednesday October 18, 2016

 

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are relatively flat this morning while European stocks trade slightly lower. The price of crude jumped +1.2% after API data showed a large draw. Technology stocks are under pressure this morning after INTC after a weak Q4 forecast. Asian stocks closed mostly higher.

 

Technicals

spy1019

The SPY traded in a very constricted range throughout yesterday’s session making for more choppy markets. Support will lie at the low of yesterday’s range at $213.27, followed by the $212.50 support pivot, then $212.17, $211.21, and $210.78. Resistance will lie at the 100 day moving average at $214.12, followed by the high of yesterday’s range at $214.31, then $214.69, $215.74, $215.99, and the 50 day moving average at $216.25.

 

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**

$IMPV
$DATA

Economic Calendar

8:30 September housing starts expected +2.9% to 1.175M

8:45 San Francisco Fed President John Williams speaks

10:30 EIA Weekly Petroleum Status Report

2:00 Beige Book

 

Notable Earnings Before Open

ABT: Abbott – EPS Est. $.58, Rev Est. $5.31B

ASML: ASML Holdings – EPS Est. $1.07, Rev Est. $1.9B

HAL: Halliburton – EPS Est. $(.07), Rev Est. $3.87B

MS: Morgan Stanley – EPS Est. $.64, Rev Est. $8.24B

STX: Seagate Technology – EPS Est. $.89, Rev Est. $2.78B
STJ: St. Jude Medical – EPS Est. $1.01, Rev Est. $1.5B

 

Notable Earnings After Close

AXP: American Express – EPS Est. $.96, Rev Est. $7.65B
CTXS: Citrix Systems – EPS Est. $1.19, Rev Est. $826.52M
EBAY: eBay – EPS Est. $.44, Rev Est. $2.18B

KMI: Kinder Morgan – EPS Est. $.15, Rev Est. $3.41B

TSCO: Tractor Supply – EPS Est. $.66, Rev Est. $1.55B

 

October 19th Swing Watch List

$AAPL – On watch for a bull flag break out and new highs. I will trade a bull call spread here. Nov16 115/120c for a debit of 2.47 or so. Alternatives to this are Long the sstock over 118.30 or long a Nov16 115 call for 4.60.

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