Economic Calendar & Watch List 2/17/2017

0
226
Share this:Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Email this to someone

Friday February 17, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are trading lower again this morning while European stocks trade lower by -.40% on French election woes which sparked moderate selling. Asian stocks closed predominantly lower.

 

Technicals

The SPY tested Wednesday’s highs throughout yesterday’s session and closed slightly lower. Support will lie at the low of yesterday’s range at $233.85, followed by $233.39, $232.16, $231.77, $230.62, and $229.56. Resistance will lie only at the high of yesterday’s range at $235.16.

 

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**

$ANET

$TRUE

 

Economic Calendar

10:00 January leading indicators expected +0.5%

 

Notable Earnings Before Open
Campbell Soup (CPB) – EPS Est. $0.88
Cooper Tire (CTB) – EPS Est. $0.94
Deere & Co. (DE) – EPS Est. $0.54
Fannie Mae (FNMA) – EPS Est. $0.45
J. M. Smucker (SJM) – EPS Est. $2.00

Notable Earnings After Close
NONE

SHARE
Previous articleTrueCar, Inc. | $TRUE Stock | Shares Rise On Better than Expected Earnings Numbers
Next articleHome Depot | $HD Stock | Shares Spike Up After Crushing Q4 Estimates
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.

NO COMMENTS