Economic Calendar & Watch List 3/16/2017

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Thursday March 16, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are moving higher this morning on follow through from yesterday’s sharp move after the FOMC announced the expected interest rate hike of 0.25%. European markets are trading at yearly highs also on the FOMC announcement along with election results out of the Netherlands. Asian markets closed higher.

 

Technicals

The SPY surged higher in late trading in yesterday after the FOMC announced the widely expected 0.25% interest rate hike. Support will lie at the new near term support pivot at $237.29, followed by $236.19, $235.74, $235.41, and $235.09. Resistance will lie at the high of yesterday’s range at $239.44, followed by $239.57 and record highs at $240.32.

 

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**

$ORCL

$TSLA

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -3,000 to 240K

8:30 February housing starts expected +1.4% to 1.263M

8:30 USDA weekly Export Sales

8:30 March Philadelphia Fed business outlook survey expected -13.3 to 30

10:00 January JOLTS job openings expected +61,000 to 5.562M

 

Notable Earnings Before Open
Dollar General (DG) – EPS Est. $1.41

Notable Earnings After Close
Adobe Systems (ADBE) – EPS Est. $0.87

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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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