Economic Calendar & Watch Lists 10/28/2016

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Friday October 28, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are relatively flat this morning and well off the lowest levels in pre market as markets await the Q3 GDP report.  AMZN reported earnings yesterday after the market close and gave a disappointing holiday forecast which sparked selling which drove the stock lower by over -4%. Asian stocks closed mostly mixed.

 

Technicals

spy1028

The SPY rejected the 100 day moving average in yesterday’s session and closed out on the lows. Support will lie at the low of yesterday’s range at $213.08, followed closely by $212.93, $212.76, the support pivot at $212.50, and $212.17. Resistance will lie at the 100 day moving average at $214.35, followed by the high of yesterday’s range at $214.62, then $214.98, $215.32, and the 50 day moving average at $215.64.

 

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**

$BHI

$ABBV

$MCK

$AMGN

 

Economic Calendar

8:30 Q3 GDP expected +2.5%

8:30 Q3 employment cost index expected +0.6%

10:00 Final-Oct University of Michigan U.S. consumer sentiment expected +0.3 to 88.2

 

Notable Earnings Before Open

ABBV: Abbvie – EPS Est. $1.21, Rev Est. $6.54B

COG: Cabot Oil & Gas – EPS Est. $(.04), Rev Est. $322.82M

CVX: Chevron – EPS Est. $.39, Rev Est. $31B

XOM: Exxon Mobil – EPS Est. $.60, Rev Est. $62.47B

HSY: Hershey – EPS Est. $1.18, Rev Est. $2.02B

Notable Earnings After Close

NONE

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