Tuesday February 21, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are trading at more record highs this morning while European stocks trade higher by +0.40% after Eurozone Markit PMI for February grew at the quickest rate since 2014. The price of crude is trading at 2 week highs by up over +1.6%, boosting energy producing stocks. Asian stocks closed mostly higher.
Technicals
The SPY pushed higher throughout Friday’s session into the holiday weekend and is gapping up to new record highs. Support will lie at the high of Thursday’s range at $235.16, followed by the high of Friday at $235.09, then the low of Friday’s range at $233.95. There is no nearby resistance at this time.
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
8:50 Minneapolis Fed President Neel Kashkari
9:45 Feb Markit manufacturing PMI expected +0.3
12:00 Philadelphia Fed President Patrick Harker
3:30 San Francisco Fed President John Williams
Notable Earnings Before Open
Advance Auto Parts (AAP) – EPS Est. $1.09
Exact Sciences (EXAS) – EPS Est. -$0.39
Home Depot (HD) – EPS Est. $1.33
Lumber Liquidators (LL) – EPS Est. -$0.31
Macy’s (M) – EPS Est. $1.96
Sohu.com, Inc. (SOHU) – EPS Est. -$2.08
Wal-mart (WMT) – EPS Est. $1.29
Notable Earnings After Close
First Solar (FSLR) – EPS Est. $0.96
