Economic Calendar & Watch List 11/29/2016

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Tuesday November 29, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are modestly higher this morning while European stocks also trade slightly higher as uncertainty looms ahead of the OPEC decision that comes tomorrow. The price of crude is lower this morning by nearly -2% ahead of tomorrow’s results. Asian stocks closed mostly mixed.

 

Technicals

spy1129

The SPY consolidated throughout yesterday’s session after posting record highs on Friday. Support will lie at the low of yesterday’s range at $220.36, followed by $219.75, $219, $218.29, and $217.92. Resistance will lie at the high of yesterday’s range at $221.48, followed closely by record highs at $221.56.

 

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**

$TIF

$MNK

 

Economic Calendar

8:30 Revised Q3 GDP expected +3.0%

9:00 Sep S&P CoreLogic composite-20 home price index expected +0.4%

10:00 November consumer confidence expected +2.7

 

Notable Earnings Before Open

Mallinckrodt (NYSE: MNK) – consensus EPS $2.01

Tiffany & Co. (NYSE: TIF) – no Street consensus

 

Notable Earnings After Close

Autodesk (Nasdaq: ADSK) – consensus loss $0.24

Splunk (Nasdaq: SPLK) – consensus EPS $0.08

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