Economic Calendar & Watch Lists
Morning Notes
US Futures are relatively flat this morning while European stocks are trading higher on positive German monthly factory orders which are at the highest level in over two years. The price of crude is under pressure this morning on speculation as to whether or not OPEC can stick to its recent decision of production cuts. Asian stocks closed predominantly higher.
Technicals
The SPY (NYSE:SPY) reversed back higher throughout yesterday’s session after testing the recent support pivot at $219.25 on Friday. Support will lie at the low of yesterday’s range at $220.42, followed by $220.25, the recent support pivot at $219.25, then $219, $218.29, and $217.92. Resistance will lie at the high of yesterday’s range at $221.40, followed closely by record highs at $221.82.
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**
Teva Pharma Industries Ltd (NYSE:TEVA)
Economic Calendar
8:30 Revised Q3 non-farm productivity expected +3.3%
8:30 October trade balance expected -$42B
10:00 Oct factory orders expected +2.5%
Notable Earnings Before Open
AutoZone (NYSE: NYSE:AZO) – consensus EPS $9.31
Conns Inc (NASDAQ:CONN) – consensus loss $0.19
Francescas Holdings (NASDAQ:FRAN) – no Street consensus
Notable Earnings After Close
Dave & Buster’s Entertainment (NASDAQ:PLAY) – consensus EPS $0.14