Economic Calendar & Watch List 11/16/2016

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Wednesday November 16, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are tracking slightly lower this morning while European markets trade lower as the price of crude slips over -1.5% on API data late yesterday which showed a build in stockpiles. Asian stocks closed mostly mixed.

 

Technicals

spy1116

The SPY pushed higher out of its recent consolidation range over the last few days. Support will lie at the low of yesterday’s range at $216.80 which also coincides with the recent support pivot. That is followed by $215.72, $215.32, $215.22, the 100 day moving average at $214.98 and the 50 day moving average at $214.42. Resistance will lie at the high of yesterday’s range at $218.28, followed by $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**

$LOW

$FB

 

Economic Calendar

8:30 October PPI final demand expected +0.3% m/m

9:15 October industrial production expected +0.2%

10:00 November NAHB housing market index expected unch at 63

10:30 EIA Weekly Petroleum Status Report

 

Notable Earnings Before Open

Lowe’s Cos. (NYSE: LOW) – consensus EPS $0.96

Target (NYSE: TGT) – consensus EPS $0.83

 

Notable Earnings After Close

Cisco Systems (Nasdaq: CSCO) – consensus EPS $0.59

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