Economic Calendar & Watch Lists 10/20/2016


Thursday October 20, 2016


Economic Calendar & Watch Lists


Morning Notes

US Futures are relatively flat this morning while European stocks trade slightly higher as markets await the ECB meeting later today and whether or not ECB president Mario Draghi will amend the central bank’s recent QE program. Asian stocks closed mostly higher.




The SPY traded broadly sideways throughout yesterday’s session and closed back above the 100 day moving average. Support will lie at the low of yesterday’s range at $213.60, followed by $213.27, the support pivot at $212.50, then $212.17, $211.21, and $210.78. Resistance will lie at the high of yesterday’s range at $214.64, followed closely by $214.69, then $215.74, $215.99, and the 50 day moving average at $216.17.


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**




Economic Calendar

8:30 Weekly initial unemployment claims expected +4,000 to 250,000

8:30 October Philadelphia Fed business outlook survey expected -7.5 to 5.3

8:30 USDA weekly Export Sales

10:00 September existing home sales expected +0.4% to 5.35M

10:00 ep leading indicators expected +0.2%


Notable Earnings Before Open

ALK: Alaska Air – EPS Est. $2.05, Rev Est. $1.55B

AAL: American Airlines – EPS Est. $1.68, Rev Est. $10.44B

DNKN: Dunkin Brands – EPS Est. $.58, Rev Est. $231.34M

FITB: Fifth Third Bancorp – EPS Est. $.41, Rev Est. $1.65B

IMAX: Imax – EPS Est. $0.00, Rev Est. $77.28M

ITW: Illinois Tool Works – EPS Est. $1.49, Rev Est. $3.49B

TXT: Textron – EPS Est. $.66, Rev Est. $3.43B

VZ: Verizon – EPS Est. $.99, Rev Est. $31.14B


Notable Earnings After Close

ETFC: E*Trade – EPS Est. $.38, Rev Est. $466.25M

MXIM: Maxim Integrated – EPS Est. $.47, Rev Est. $560.17M

MSFT: Microsoft – EPS Est. $.68, Rev Est. $21.54B

SLB: Schlumberger – EPS Est. $.22, Rev Est. $7.15B

SKX: Skechers – EPS Est. $.46, Rev Est. $952.57M