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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

spy119

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

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