Tuesday November 15, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are pointing slightly higher this morning along with European stocks trading higher as the price of crude jumps lifting energy producing stocks. Asian stocks settled mostly higher.
Technicals
The SPY continues to consolidate at higher prices after the rally last Wednesday. Support will lie at the low of yesterday’s range at $215.72, followed closely by $215.32, $215.22, the 100 day moving average at $214.83 and the 50 day moving average at $214.43. Resistance will lie at the high of yesterday’s range at $217.27, followed by $218.31, $218.94, $219.22, and all time highs at $219.60.
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**
$TSRO
$FB
$DKS
Economic Calendar
8:30 November Empire manufacturing survey business conditions expected +4.3
8:30 October import price index expected +0.4% m/m
8:30 October retail sales expected +0.6% m/m
10:00 September business inventories expected +0.2%
Notable Earnings Before Open
Beazer Homes (NYSE: BZH) – consensus EPS $0.67
JD.com (Nasdaq: JD) – consensus loss $0.06
Mobileye (Nasdaq: MBLY) – consensus EPS $0.18
TJX Cos. (NYSE: TJX) – consensus EPS $0.87
Teva Pharma (NYSE: TEVA) – consensus EPS $1.29
Notable Earnings After Close
NONE
