Economic Calendar & Watch List 2/15/2017

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Wednesday February 15, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are sitting relatively flat to slightly lower after the sharp rally over the last several days. European stocks are trading higher led by a strong move in the banking sector. Asian stocks closed predominantly higher.

 

Technicals

The SPY extended its rally yet again throughout yesterday’s session posting more record highs. Support will lie at the low of yesterday’s range at $232.16, followed by $232.05, $231.77, $230.62, $229.56, and $229.39. Resistance will lie only at the high of yesterday’s range at $233.70.

 

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**

$AIG

$SODA

$FOSL

 

Economic Calendar

8:30 February Empire manufacturing survey general business conditions expected +0.3

8:30 January CPI expected +0.3% m/m

8:30 January retail sales expected +0.1%

9:15 January industrial production expected unch

10:00 Fed Chair Yellen delivers semiannual monetary policy report

10:00 February NAHB housing market index expected unch

10:00 December business inventories expected +0.4%

10:30 EIA Weekly Petroleum Status Report

12:00 Boston Fed President Eric Rosengren speaks

12:45 Philadelphia Fed President Patrick Harker speaks

 

Notable Earnings Before Open
SodaStream (SODA) – EPS Est. $0.30

Pepsi (PEP) – EPS Est. $1.16

Hilton Worldwide (HLT) – EPS Est. $0.65

Angie’s List (ANGI) – EPS Est. $0.08

Notable Earnings After Close
Applied Materials (AMAT) – EPS Est. $0.66

Avis Budget Group (CAR) – EPS Est. $0.17

Cisco Systems (CSCO) – EPS Est. $0.56

GoDaddy (GDDY) – EPS Est. $0.09

Marriott (MAR) – EPS Est. $0.83

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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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