Economic Calendar 7/20/2015

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Monday July 20, 2015

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Economic Calendar 7/20/2015

 

Morning Notes

US futures are higher this morning along with European stocks are trading higher after the Greek government paying its creditors 6.8 billion Euros. Greek banks reopen today however the Greek financial markets will remain closed. Asian stocks closed mixed.

 

Technicals

The $SPY closed higher on Friday at $212.55, right between two tightly situated pivot points. Resistance overhead is at $212.60 followed by descending resistance at $212.85. Upper range support is at $211.80 – $212.

SPY_7_20

In Play

VLTC: Voltari Corp – Momentum mover from last week. Continuation play. Gapping up 4% with a 2.2M share float.

GENE: Genetic Technologies – Rallied over 20% in last week’s trading. Continuation play. Gapping up 7% with a 3.5M share float.

Economic Calendar

NONE

 

Earnings Before Open

MS: Morgan Stanley – EPS Est. $0.74, Rev Est. $9.10B

HAL: Halliburton – EPS Est. $0.31, Rev Est. $5.89B

HAS: Hasbro – EPS Est. $0.2, Rev Est. $771.83M

EXAS: Exact Sciences – EPS Est. $(0.44), Rev Est. $7.33M

 

Earnings After Close

IBM: IBM – EPS Est. $3.79, Rev Est. $20.92

STLD: Steel Dynamics – EPS Est. $0.23, Rev Est. $1.97B

JAZZ: Jazz Pharma. – EPS Est. $2.41, Rev Est. $335.36M

 

Happy Trading!

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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.

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