Economic Calendar & Watch List 11/7/2016

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Monday November 7, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are moving sharply higher this morning along with European markets trading higher by over +1.6% after FBI director Comey stated that Clinton’s handling of emails was not criminal, improving her chances for the presidency. Asian stocks closed mostly higher.

 

Technicals

 

The SPY tested the 200 day moving average on Friday and managed to closed just slightly back above. This morning, the SPY is gapping higher back over $211. Support will lie at $211.10, followed by $210.24, $209.69, $208.38, and the 200 day moving average at $208.29. Resistance will lie at the recent support pivot at $212.50, followed by $212.99, $213.19, $213.93, and the 100 day moving average at $214.40.

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

NONE

Notable Earnings Before Open

DF: Dean Foods – EPS Est. $.37, Rev. Est. $1.96B

HZNP: Horizon Pharma – EPS Est. $.63, Rev. Est. $274.10M

BID: Sotheby’s – EPS Est. $(.62), Rev. Est. $80.20M

SYY: Sysco – EPS Est. $.59, Rev. Est. $ 13.91B

Notable Earnings After Close

CZR: Caesars Entertainment – EPS Est. $NA, Rev. Est. $NA

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