Share this:Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Email this to someone

Wednesday November 9, 2016

Economic Calendar & Watch Lists


Morning Notes

US Futures are sharply lower this morning after the 2016 presidential election came to a close as Donald Trump wins. E mini markets sold off over 5% in early morning trading on the news but have since recovered from the worst levels. Asian stocks closed predominantly lower.  




The SPY sold off sharply over night but is well off the lows this morning. Support will lie at $211.30, $210.24, $209.89, and the 200 day moving average at $208.53. Resistance will lie at the low of yesterday’s range at $212.38, followed closely by the former support pivot at $212.50, then the 100 and 50 day moving average which both lie at $214.52.


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

10:00 Revised Sep wholesale inventories expected unrevised at +0.2% m/m

10:30 EIA Weekly Petroleum Status Report


Notable Earnings Before Open

DISH: DISH Network – EPS Est. $.69, Rev Est. $3.75B

KITE: Kite Pharma – EPS Est. $(1.68), Rev Est. $4.95M

WEN: Wendy’s – EPS Est. $.10, Rev Est. $347.23M


Notable Earnings After Close

JUNO: Juno Therapeutics – EPS Est. $(.64), Rev Est. $11.81M

SHAK: Shake Shack – EPS Est. $.15, Rev Est. $NA

TASR: Taser – EPS Est. $.05, Rev Est. $NA

Previous articleEconomic Calendar & Watch Lists 11/8/2016
Next articleAvid Technology, Inc. | $AVID Stock | Shares Fall On Lower Than Expected Revenue Numbers
Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at mike@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.