Economic Calendar & Watch List 8/24/2017

1178

Thursday August 24, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are edging higher along with European shares early. The global central bankers are kicking off their annual 3 day meeting today with key speeches coming from Fed Chair Yellen and ECB Draghi on Friday. Investors will also be listening closely for hints of when the Fed will start to unwind its balance sheet which could be as soon as September. Asian stocks settled mostly mixed.

 

Technicals

The SPY found resistance at its 20EMA then consolidated and closed just below its 50SMA during yesterday’s session. Support will lie at the low of yesterday’s range at $244.16, followed by gap entry at $243.55, gap fill at $243.20, then $241.83, the 100SMA at $241.76, then $240.85, and the recent support pivot at $240.65. Resistance will lie at the high of yesterday’s range at $245.05, followed by the 20EMA at $245.27, then $245.62, $246.60, ascending resistance at $248.18 and record highs at $248.91.

 

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**

 

Economic Calendar

0830  Weekly Unemployment Claims, est. 236k

0945  PMI Composite Flash, est. 54.3

1030  EIA Natural Gas Report

 

Notable Earnings Before Open

Dollar Tree (DLTR) – EPS Est. $0.87

Tiffany (TIF) – EPS Est. $0.88

Burlington (BURL) – EPS Est. $0.50

 

Notable Earnings After Close

Ulta (ULTA) – EPS Est. $1.78

Broadcom (AVGO) – EPS Est. $3.50

Vmware (VMW) – EPS Est. $0.84

Autodesk (ADSK) – EPS Est. $-0.37

NO COMMENTS