Economic Calendar & Watch Lists 4/28/2016

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Thursday April 28, 2016

 

Economic Calendar & Watch Lists 4/28/2016

 

Morning Notes

US Futures are pointing to a sharply lower open and European stocks are trading lower by over -1.5% after the BOJ decided to place monetary policy on hold. Asian stocks closed lower led by the Nikkei sliding over -3.5%

 

Technicals

SPY428

The SPY surged higher into the late afternoon but yet again rejected the macro descending resistance point at $210. This morning, a large gap down places the closest support at the low of yesterday’s range at $208.05, followed by $207.54 and $207. Resistance will lie at the high of yesterday’s range at $209.81, closely followed by the macro descending resistance at $210.

 

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**

$FB

$FSLR

$DPZ

 

Economic Calendar

8:30 Weekly initial unemployment claims expected +12,000 to 259,000

8:30 Q1 GDP expected +0.6% q/q annualized, Q4 +1.4% q/q annualized

8:30 USDA weekly Export Sales

11:00 Apr Kansas City Fed manufacturing activity

11:30 Treasury auctions $15 billion of 2-year floating rate notes

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

 

Notable Earnings Before Open

BMY: Bristol Myers – EPS Est. $.66, Rev Est. $4.24B

COP: ConocoPhillips – EPS Est. $(1.07), Rev Est. $7.99B

CELG: Celgene – EPS Est. $1.28, Rev Est. $2.58B

ABBV: Abbvie – EPS Est. $1.12, Rev Est. $6.01B

TWC: Time Warner – EPS Est. $1.73, Rev Est. $6.14B

MA: Mastercard – EPS Est. $.85, Rev Est. $2.38B

BXLT: Baxalta – EPS Est. $.46, Rev Est. $N/A

F: Ford Motor Co – EPS Est. $.46, Rev Est. $34.76B

 

Notable Earnings After Close

AMGN: Amgen – EPS Est. $2.56, Rev Est. $5.32B

 

April 28th Swing Watch List

$SZYM – A great flag setup under the 2.40 mark. This is primed for a breakout move back to 2.75 or so. Long over 2.40, stop 2.25.

$NCR –  A bearish move south after earnings. After a MASSIVE uptrend since February, this has been over due for a pull back. Looking for a short under 29.21, stop 30.00. Room here is down to 27.40 and then 27.

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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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