Economic Calendar & Watch Lists 10/24/2016


Monday October 24, 2016


Economic Calendar & Watch Lists


Morning Notes

US Futures are pointing modestly higher this morning while European markets are trading at nearly 6 month highs. AT&T has announced its plan to acquire Time Warner for $85B. Asian stocks closed mostly higher.




The SPY traded higher throughout Friday’s session closing out just off the intraday highs. Support will lie at the low of Friday’s range at $212.76, followed by the recent support pivot at $212.50, then $212.17, $211.21, and $210.78. Resistance will lie at the high of Friday’s range at $214.08, followed by the 100 day moving average at $214.23, then $214.64, $214.69, $215.74, and the 50 day moving average at $216.


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 September Chicago Fed national activity index expected +0.42 to -0.13

9:45 October Markit manufacturing PMI expected unchanged at 51.5


Notable Earnings Before Open

BEAV: B/E Aerospace – EPS Est. $.80, Rev Est. $711.41M

VFC: VF Corp – EPS Est. $1.15, Rev Est. $3.66B

TMUS: T Mobile – EPS Est. $.24, Rev Est. $9.44B


Notable Earnings After Close

ALSN: Allison Transmission – EPS Est. $.24, Rev Est. $433.79M

ZION: Zions Bancorp – EPS Est. $.50,  Rev Est. $603.84M