Economic Calendar & Watch List 8/25/2016

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Thursday, August 25, 2016


Economic Calendar & Watch Lists


Morning Notes

US Futures are pointing to a slightly lower open this morning which is being led by a -6% move lower in HPQ after a disappointing earnings report. European stocks are also trading lower by nearly -1% as markets consolidate ahead of Fed Chair Janet Yellen’s speech tomorrow. Asian markets closed mostly lower.




The SPY turned lower in yesterday’s session but managed to hold and close back above the upper support pivot at $217.30. Support will lie at the low of yesterday’s range at $217.36, followed closely by the upper support pivot at $217.30, then $217.02, $216.78, $215.83, and $215.13. Resistance will lie at the high of yesterday’s range at $218.91, followed by all time highs at $219.60.

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

8:30 Weekly initial unemployment claims expected +3,000 to 265,000

8:30 July durable goods orders expected +3.4% and +0.4% ex trans

8:30 USDA weekly Export Sales

9:45 August Markit services PMI expected +0.4 to 51.8

11:00 August Kansas City Fed manufacturing activity survey expected +4 to -2

1:00 Treasury auctions $28B 7-year T-notes


Notable Earnings Before Open

BURL: Burlington Stores – EPS Est. $.30, Rev Est. $1.24B

DG: Dollar General – EPS Est. $1.09, Rev Est. $5.49B

DLTR: Dollar Tree – EPS Est. $.73, Rev Est. $5.13B

SAFM: Sanderson Farms – EPS Est. $2.22, Rev Est. $764.65M

SHLD: Sears Holdings – EPS Est. $.00, Rev Est. $N/A

SIG: Signet Jewelers – EPS Est. $1.47, Rev Est. $1.45B

TIF: Tiffany & Co. – EPS Est. $.71, Rev Est. $932.91M


Notable Earnings After Close

ADSK: Autodesk – EPS Est. $(.13), Rev Est. $510.64M

BRCD: Brocade Communications – EPS Est. $.19, Rev Est. $575.38M

GME: GameStop – EPS Est. $.26, Rev Est. $1.74B

SPLK: Splunk – EPS Est. $.03, Rev Est. $200.56M

ULTA: Ulta Salon – EPS Est. $1.39, Rev Est. $1.06B


August 25th Swing Watch List

$SALT – After some good early success on shippers, I like this for a move back toward 3.50, and thensome. Long entry is over 3.31, stop 3.14. Target is 3.50 and then 4.

$HLTH – Long entry here is over 3.25-3.30, stop 3.10. Target is 3.65-4.00.

$ALKS – Short entry if IBB continues to fall will be under 44.00, stop 45. Target is 41.00.

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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 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.