Thursday February 16, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are tracking slightly lower this morning while European stocks also pull in -0.42% after several days of strength. CSCO reported better than expected Q2 earnings, bolstering technology stocks. Asian stocks closed mostly mixed.
Technicals
The SPY surged higher again to more record highs throughout yesterday’s session. Support will lie at the low of yesterday’s range at $233.39, followed by $232.16, $232.05, $231.77, $230.62, ad $229.56. Resistance will lie only at the high of yesterday’s range at $235.14.
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**
$KATE
$MOH
Economic Calendar
8:30 Weekly initial unemployment claims expected +11K to 245K
8:30 January housing starts expected unchanged at 1.226M
8:30 February Philadelphia Fed business outlook survey expected -5.6 to 18
8:30 USDA weekly Export Sales
Notable Earnings Before Open
Dean Foods (DF) – EPS Est. $0.41
Duke Energy (DUK) – EPS Est. $0.81
On Deck Capital (ONDK) – EPS Est. -$0.17
Wendy’s (WEN) – EPS Est. $0.09
MGM Resorts (MGM) – EPS Est. $0.20
Notable Earnings After Close
Arista Networks (ANET) – EPS Est. $0.82
TrueCar (TRUE) – EPS Est. -$0.05
