Wednesday November 25, 2015
Economic Calendar & Watch List 11/25/2015
Morning Notes
US Futures are drifting slightly higher ahead of the Thanksgiving holiday and European markets are trading higher by over +1% as once again the markets shrug off the recent negative news of the Turkey/Russia conflict. Asian stocks closed mostly lower.
Technicals
The SPY ended higher in yesterday’s session although making a lower high in the daily trend. Support will lie at the low of yesterday’s range at $207.41, followed by the 200 day moving average at $206.61. Resistance will lie at the high of yesterday’s range at $209.83, followed by $208.98, $210.12, and descending resistance at $210.60.
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**
BMRN
BXLT
PTCT
Economic Calendar
| 8:30: Personal Income, Oct. est. 0.4% (prior 0.1%)
8:30: Durable Goods Orders, Oct. est. 1.7% (prior -1.2%) 8:30: Initial Jobless Claims, Nov. 21, est. 270k (prior 271k) 9:00 FHFA House Price Index m/m, Sept. est. 0.4% (prior 0.3%) 9:45: Markit US Composite PMI, Nov. (prior 55) 9:45: Bloomberg Consumer Comfort, Nov. 22 (prior 41.2) 10:00 New Home Sales, Oct., est. 500k (prior 468k) 10:00 U of Michigan Sentiment, Nov. est. 93.1 (prior 93.1) 10:00 Freddie Mac mortgage rates 10:30: DOE Energy Inventories 11:00 U.S. to announce plans for auction of 3M/6M bills 11:30: U.S. to sell $29b 7Y notes 12:00 EIA natural-gas storage change 1:00 Baker Hughes rig count |
Notable Earnings Before Open
DCI: Donaldson Co – EPS Est. $.33, Rev Est. $551.6M
DE: Deere & Co – EPS Est. $.75, Rev Est. $6.13B
Notable Earnings After Close
NONE
