Economic Calendar And Watch List: 1/25/2017
Warrior Trading | Jan 26, 2017 12:00AM ET
Wednesday January 25, 2017
Economic Calendar and Watch List
Morning Notes
US Futures are trading at new all time highs while European stocks trade higher by over +1% on a positive global economy after many comments and executive actions by new President Donald Trump. The price of crude is trading lower by roughly -1% after weekly API data showed a rise in inventories. Asian stocks closed mostly higher after better than expected Japanese trade data.
Technicals
The SPY (NYSE:SPY) pivoted higher out of its recent consolidation on increased volume throughout yesterday’s session. Support will lie at the former descending resistance at $227, followed by the low of yesterday’s range at $226.27, then $225.27 and the recent support pivot at $224.89. Resistance will lie at the high of yesterday’s range at $228.08, followed by all time highs at $228.34.
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**
STX (NASDAQ:STX)
Economic Calendar
9:00 November FHFA house price index expected +0.4%
10:30 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
Boeing (NYSE:BA) – EPS Est. $2.35
CommVault Systems Inc (NASDAQ:CVLT) – EPS Est. $0.26
Freeport-McMoran (NYSE:FCX) (FCX) – EPS Est. $0.33
Norfolk Southern (NYSE:NSC) – EPS Est. $1.36
United Technologies(NYSE:UTX) – EPS Est. $1.56
Notable Earnings After Close
AT&T (NYSE:T) – EPS Est. $0.66
Citrix Systems (NASDAQ:CTXS) – EPS Est. $1.50
F5 Networks (NASDAQ:FFIV) – EPS Est. $1.94
Las Vegas Sands (NYSE:LVS) (LVS) – EPS Est. $0.66
Qualcomm (NASDAQ:QCOM) – EPS Est. $1.17
United Rentals (NYSE:URI) – EPS Est. $2.24
Western Digital (NASDAQ:WDC) – EPS Est. $2.11
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