Friday December 18, 2015
Economic Calendar & Watch List 12/18/2015
Morning Notes
US futures are lower this morning and European stocks are also trading lower by over -1% after the price of crude slides lower again. Higher supplies have been due to increased winter temperatures around the country. Asian stocks settled mostly lower.
Technicals
The SPY sold off in yesterday’s session closing below both the 50 and 200 day moving averages. In the pre market today, the SPY is gapping even lower and has broken below key levels of support will lie at $199.95, followed by $199.64 and $198.94. Resistance will lie at $203.05, followed by $204.58, $204.80, and the low of yesterday’s range at $204.84.
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**
RHT
KMX
DRI
Economic Calendar
9:45 Preliminary Dec Markit U.S. services PMI expected -0.2 to 55.9
11:00 Dec Kansas City Fed manufacturing survey expected +1 to 2
1:00 Richmond Fed President Jeffrey Lacker gives his 2016 U.S. economic forecast
Notable Earnings Before Open
DRI: Darden Restaurants – EPS Est. $.42, Rev Est. $1.62B
LEN: Lennar – EPS Est. $1.12, Rev Est. $N/A
KMX: CarMax – EPS Est. $.68, Rev Est. $3.61B
CCL: Carnival – EPS Est. $.41, Rev Est. $3.72B
Notable Earnings After Close
NONE
