Economic Calendar & Watch List 11/30/2016

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Wednesday November 30, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are tracking modestly higher this morning along with European markets trading higher as energy producing stocks catch a strong bid on optimism ahead of today’s OPEC meeting. Asian stocks closed mostly mixed.

 

Technicals

spy1130

The SPY consolidated further throughout the majority of yesterday’s session. Support will lie at the low of yesterday’s range at $220.17, followed $219.75, $219, $218.29, and $217.92. Resistance lies all in close proximity at record highs beginning at $221.44, then $221.47 and $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**

$SPLK

$KMI

 

Economic Calendar

8:15 November ADP employment change expected +169K

8:30 October personal spending expected +0.5%

8:30 October PCE deflator expected +0.3%

9:45 November Chicago PMI expected +1.9 to 52.5

10:00 October pending home sales expected unch

10:30 EIA Weekly Petroleum Status Report

 

Notable Earnings Before Open

American Eagle Outfitters (NYSE: AEO) – consensus EPS $0.41

Notable Earnings After Close

Box (NYSE: BOX) – consensus loss $0.19

Guess? (NYSE: GES) – consensus EPS $0.14

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