Tuesday February 14, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are relatively flat this morning while European stocks trade just slightly higher as markets await Fed Chain Janet Yellen’s speech to the Senate Banking Committee which will discuss monetary policy. Asian stocks closed lower.
Technicals
The SPY surged higher again throughout yesterday’s session posting more record highs. Support will lie at the low of yesterday’s range at $232.05, followed by $231.77, $230.62, $229.56, $229.39, and $228.31. Resistance will lie only at the high of yesterday’s range at $233.07.
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**
$NVDA
Economic Calendar
8:30 January PPI final demand expected +0.3%
8:50 Richmond Fed President Jeffrey Lacker speaks
10:00 Fed Chair Yellen delivers semiannual monetary policy report
1:00 Dallas Fed President Robert Kaplan speaks
Notable Earnings Before Open
T-Mobile (TMUS) – EPS Est. $0.29
Incyte (INCY) – EPS Est. $0.13
Generac Holdings (GNRC) – EPS Est. $1.03
Dr Pepper Snapple Group (DPS) – EPS Est. $1.06
Notable Earnings After Close
AIG (AIG) – EPS Est. $1.19
Boyd Gaming (BYD) – EPS Est. $0.24
Fossil Group (FOSL) – EPS Est. $1.12
