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