Economic Calendar And Watch List March 16th, 2017
Warrior Trading | Mar 16, 2017 09:51AM ET
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 (NYSE: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**
Oracle Corporation (NYSE:ORCL)
Tesla Inc (NASDAQ: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 Corporation (NYSE:DG) – EPS Est. $1.41
Notable Earnings After Close
Adobe Systems (NASDAQ:ADBE) – EPS Est. $0.87
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