Economic Calendar & Watch List 1/13/2017

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Friday January 13, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are relatively flat this morning while European stocks trade higher by over +.5% after positive comments from Janet Yellen about the economy with low unemployment and wage growth. Asian stocks closed mostly mixed.

 

Technicals

The SPY initially sold off in yesterday’s session and caught support at the recent pivot at $224.89, reversed and closed out just off the highs. Support will lie at the recent pivot at $224.89, followed by $223.88 and  $222.73. Resistance will lie at the high of yesterday’s range at $226.75, followed by $227.10, the descending resistance at $227.45, then $227.75, $227.81, and all time 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**

$GME

Economic Calendar

8:30 December retail sales expected +0.7%

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

9:30 Philadelphia Fed President Patrick Harker speaks

10:00 November business inventories expected +0.6%

10:00 Prelim-January University of Michigan U.S. consumer sentiment index expected +0.3

2:00 December monthly budget statement expected -$25B

 

Notable Earnings Before Open

Bank of America (BAC) – EPS Est. $0.38

BlackRock (BLK) – EPS Est. $5.04

Infosys Limited (INFY) – EPS Est. $0.23

JPMorgan (JPM) – EPS Est. $1.44

PNC Financial Services (PNC) – EPS Est. $1.84

Wells Fargo (WFC) – EPS Est. $1.00

 

Notable Earnings After Close

NONE

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