Economic Calendar & Watch List 12/15/2016

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Thursday December 15, 2016

Economic Calendar & Watch List

 

Morning Notes

US Futures are relatively flat this morning while European markets trade higher by roughly +1% as markets digest the news of a 25 bp rate hike by the FOMC yesterday afternoon. Asian stocks closed predominantly lower.

 

Technicals

spy1215

The SPY pulled off record highs throughout yesterday’s session and closed just off the intraday lows. Support will lie at the low of yesterday’s range at $225.37, followed by $224.26 and $221.38. Resistance will lie at the high of yesterday’s range at $228.23, followed closely by record highs at $228.34.

 

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**

$LLY

$ATHN

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -3,000 to 255K

8:30 November CPI expected +0.2%

8:30 December Empire manufacturing survey business conditions expected +2.5

8:30 December Philadelphia Fed business outlook survey expected +1.5

8:30 Q3 current account balance expected -$111.6B

8:30 USDA weekly Export Sales

9:45 December Markit manufacturing PMI expected +0.4

10:00 December NAHB housing market index expected unchanged

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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