Monday November 21, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are pointing slightly higher this morning while European stocks trade higher by +.50% as the price of crude jumps +2%, giving energy producing stocks a lift. Asian stocks closed mostly mixed.
Technicals
The SPY consolidated throughout Friday’s session after a strong move up from the prior 3 days. Support will lie at the low of Friday’s range at $218.29, followed by $217.92, $217.42, then the recent support pivots at $217.30 and $216.80. Resistance will lie at the high of Friday’s range at $219.27 followed by 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**
$TSN
Economic Calendar
NONE
Notable Earnings Before Open
International Game Tech (NYSE: IGT) – consensus EPS $0.44
Tyson Foods (NYSE: TSN) – consensus EPS $1.17
Notable Earnings After Close
Brocade Communications (Nasdaq: BRCD) – consensus EPS $0.22
Palo Alto Networks (NYSE: PANW) – no Street consensus
Vipshop Holdings (NYSE: VIPS) – no Street consensus
