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Economic Calendar, Stocks And SPY

Published 09/20/2016, 09:58 AM
Updated 03/09/2019, 08:30 AM

Morning Notes

US Futures are pointing slightly higher this morning while European stocks also are higher as markets await the results of the 2 day Fed policy meeting and BOJ meeting. Asian stocks closed mostly mixed.

Technicals

SPY

The SPY (NYSE:SPY) traded in a choppy, range bound fashion throughout the majority of yesterday’s session. Support will lie at the low of yesterday’s range at $213.03, followed by the double bottom formation at $212.50 and then the 100-day moving average at $212.33. Resistance will lie the high of yesterday’s range at $214.88, followed by $215.73, $216.81, and the 50-day moving average at $216.87.

Small Cap Watch List

**Others On Watch**

Sarepta Therapeutics Inc (NASDAQ:SRPT)

Economic Calendar

8:30 August housing starts expected -1.7% to 1.190M

10:30 FOMC begins 2-day meeting

Notable Earnings Before Open

Lennar (NYSE:LEN) – EPS Est. $.88, Rev Est. $2.66B

Notable Earnings After Close

Adobe Systems (NASDAQ:ADBE) – EPS Est. $.72, Rev Est. $1.45B

KB Home (NYSE:KBH): KB Home – EPS Est. $.39, Rev Est. $954.12M

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