Economic Calendar and Watch Lists
Morning Notes
US futures are tracking modestly higher this morning along with European markets trading higher as energy producing stocks catch a strong bid on optimism ahead of today’s OPEC meeting. Asian stocks closed mostly mixed.
Technicals
The SPY (NYSE:SPY) consolidated further throughout the majority of yesterday’s session. Support will lie at the low of yesterday’s range at $220.17, followed $219.75, $219, $218.29, and $217.92. Resistance lies all in close proximity at record highs beginning at $221.44, then $221.47 and $221.56.
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**
Splunk Inc (NASDAQ:SPLK)
Kinder Morgan Inc (NYSE:KMI)
Economic Calendar
8:15 November ADP employment change expected +169K
8:30 October personal spending expected +0.5%
8:30 October PCE deflator expected +0.3%
9:45 November Chicago PMI expected +1.9 to 52.5
10:00 October pending home sales expected unch
10:30 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
American Eagle Outfitters (NYSE:AEO) – consensus EPS $0.41
Notable Earnings After Close
Box (NYSE:BOX) – consensus loss $0.19
Guess? Inc (NYSE:GES) – consensus EPS $0.14