Economic Calendar & Watch List 5/23/2017

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Tuesday May 23, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are tracking slightly higher this morning while European stocks are also trading higher on improved outlooks for economic strength in the Eurozone after Eurozone manufacturing PMI rose at the fastest pace since early 2014. Asian stocks closed mostly mixed.

 

Technicals

The SPY continued its rebound higher after reclaiming its 20 EMA throughout Friday’s session, edging back near record highs. Support will lie at the low of yesterday’s range at $238.82, followed by $237.27, the 50 SMA at $236.73, then $235.43, $235.31, and the former descending resistance at $234.55. Resistance will lie at the high of yesterday’s range at $239.71, followed by record highs at $240.67.

 

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**

$ALXN

Economic Calendar

9:00 Minneapolis Fed President Neel Kashkari speaks

9:45 May Markit manufacturing PMI expected +0.3

10:00 April new home sales expected -1.8%

10:00 May Richmond Fed manufacturing index expected -5

3:15 Minneapolis Fed President Neel Kashkari speaks

5:00 Philadelphia Fed President Patrick Harker speaks

 

Notable Earnings Before Open
Autozone (AZO) – EPS Est. 12.00         
Dsw Inc (DSW) – EPS Est. 0.33
Toll Brothers (TOL) – EPS Est. 0.62

 

Notable Earnings After Close

Take Two Interactive (TTWO) – EPS Est 0.47

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