Wednesday November 9, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are sharply lower this morning after the 2016 presidential election came to a close as Donald Trump wins. E mini markets sold off over 5% in early morning trading on the news but have since recovered from the worst levels. Asian stocks closed predominantly lower.
Technicals
The SPY sold off sharply over night but is well off the lows this morning. Support will lie at $211.30, $210.24, $209.89, and the 200 day moving average at $208.53. Resistance will lie at the low of yesterday’s range at $212.38, followed closely by the former support pivot at $212.50, then the 100 and 50 day moving average which both lie at $214.52.
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**
$HCA
Economic Calendar
10:00 Revised Sep wholesale inventories expected unrevised at +0.2% m/m
10:30 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
DISH: DISH Network – EPS Est. $.69, Rev Est. $3.75B
KITE: Kite Pharma – EPS Est. $(1.68), Rev Est. $4.95M
WEN: Wendy’s – EPS Est. $.10, Rev Est. $347.23M
Notable Earnings After Close
JUNO: Juno Therapeutics – EPS Est. $(.64), Rev Est. $11.81M
SHAK: Shake Shack – EPS Est. $.15, Rev Est. $NA
TASR: Taser – EPS Est. $.05, Rev Est. $NA
