Tuesday November 8, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are relatively flat this morning as markets await the results of today’s presidential election. European stocks are trading slightly lower after German industrial data for the month of September was the worst in 2 years. Asian stocks closed predominantly higher.
Technicals
The SPY gapped sharply higher to begin yesterday’s session and managed to maintain those gains and closed out on the highs. Support will lie at the recent support pivot at $212.50, followed by the low of yesterday’s range at $211.30, then $211.10, $210.24, $209.89, and the 200 day moving average at $208.28. Resistance will lie at the high of yesterday’s range at $213.19, followed by $213.93, the 100 day moving average at $214.44, and the 50 day moving average at $214.62.
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**
$VRX
$HTZ
$CVS
$MOMO
Economic Calendar
10:00 Sep JOLTS job openings expected +32,000 to 5.475M
1:00 Treasury auctions $24 billion of 3-year T-notes
Notable Earnings Before Open
AER: Aercap Holdings – EPS Est. $1.42, Rev Est. $1.2B
CVS: CVS Caremark – EPS Est. $1.57, Rev Est. $45.31B
ENDP: Endo Int’l – EPS Est. $.81, Rev Est. $867.01M
HTZ: Hertz – EPS Est. $.51, Rev Est. $NA
VRX: Valeant Pharmaceuticals – EPS Est. $1.78, Rev Est. $2.49B
Notable Earnings After Close
NONE
