Friday March 18, 2016
Economic Calendar & Watch Lists 3/18/2016
Morning Notes
US Futures are slightly higher this morning and European stocks are also trading higher boosted by the rally in China overnight after the chinese government took measures to spark economic confidence. Energy producers are moving higher as well after the price of crude climbed back over $40, a 3 month high. Asian stocks closed higher.
Technicals
The SPY continued its move higher in yesterday’s session closing higher in the last 11 of 13 trading days. Support will lie at the low of yesterday’s range at $202.77, followed by the 200 day SMA at $201.94, and then $201.55. Resistance will lie at the high of yesterday’s range at $205.23, followed by $205.89 and $207.21
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**
$ADBE
$LVS
Economic Calendar
9:00 New York Fed President William Dudley speaks
10:00 University of Michigan prelim March U.S. consumer sentiment index expected +0.5 to 92.2
11:00 Boston Fed President Eric Rosengren speaks
2:00 St. Louis Fed President James Bullard delivers a presentation
Notable Earnings Before Open
TIF: Tiffany & Co – EPS Est. $1.41, Rev Est. $1.22B
Notable Earnings After Close
NONE
