US Weekly Economic Calendar

time (et)	report	period	ACTUAL	forecast	previous
MONDAY, FEB. 15
	Presidents Day None scheduled
TUESDAY,  FEB. 16
8:30 am	Empire state index	Feb.		-12.0	-19.4
10 am	Home builders' index	Feb.		59	60
WEDNESDAY, FEB. 17
8:30 am	Producer price index	Jan.		-0.2%	-0.2%
8:30 am	Housing starts	Jan.		1.179 mln	1.149 mln
8:30 am	Building permits	Jan.		--	1.204 mln
9:15 am	Industrial production	Jan.		0.4%	-0.4%
9:15 am	Capacity utilization	Jan.		76.7%	76.5%
2 pm	FOMC minutes
THURSDAY, FEB. 18
8:30 am	Weekly jobless claims	2/13		275.000	269.000
8:30 am	Philly Fed	Feb.		-3.0	3.5
10 am	Leading indicators	Jan.		--	-0.2%
FRIDAY, FEB. 19
8:30 am	Consumer price index	Jan.		-0.1%	-0.1%
8:30 am	Core CPI	Jan.		0.1%	0.1%

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FRPT: Freshpet Inc, Forming Double Bottom with Bullish Divergence on Increasing Volume

SWHC: Smith & Wesson Holding Corp, Looking For a Breakout With Good Volume

BBOX: Black Box Starting a Confirmed Uptrend

TOM DEMARK: The stock market will bottom in the next 2 or 3 days

Tom DeMark thinks that we could be nearing a bottom in the stock market.

In an interview with Bloomberg TV on Thursday, he said that he's looking for one in the S&P 500 over the next couple of days.

DeMark told Bloomberg that he expects we'll find a bottom at 1,792 for S&P 500 futures and 1,797 for the index.

The S&P closed at 1,829 on Thursday. He is a legendary market technician known for making big and specific market-timing calls.

First, however, DeMark thinks that stocks are going to head lower and that this final dive will probably happen "in the next two or three days."

"For the S&P and the Dow, we are going to undercut, in our feeling, the low we made in January as well as the low we made," on Thursday, DeMark said.

The S&P 500's intraday low was around 1,810.
"But we do have one caveat here," DeMark added. "In hectic market, in a market that is going to possibly be attacked with negative news, we could go as low as 1,746 on the [S&P 500] intraday, but still struggle and come back above 1,792 and make a low."

Said another way, stocks could fall about 5% from current levels.

And of course Thursday gave us a perfect example of how sensitive markets are to news when reports — which initially came in the form of a tweet — indicated that OPEC could be open to discussing an oil-production cut.

As for what the — slightly — longer-term future holds, DeMark thinks crude oil could bottom as soon as Friday or Monday while bonds, which rally when yields drop, could top out over the same period.

Gold, DeMark thinks, will probably "go off on its own."

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Strong box office revenues
Box office revenues represented 59% of total revenues in the quarter and 52% of revenues for the year. Revenues increased 13.8% in the fourth quarter and 5.7% for the full year. Breaking this number down, fourth-quarter attendance increased 7.1%, and box office revenue per patron increased 6.3%.  (more)

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One of the best opportunities in the public equity market right now is in, as strange as it may sound, investing in private equity.

About a decade ago, a slew of the largest and best-run private equity firms starting going public. This was due in good part to let the founders — including investing legends such as Leon Black, Henry Kravis and Henry Schwarzman — create personal liquidity but also benefit by raising capital when stock market performance was strong.
Lately though, the market has been struggling royally, and the PE space has been no exception. Anything related to finance has become a four-letter word, and the stocks of the largest private equity firms have suffered disproportionately. While the market is down around 10% in 2016, the best and brightest PE firms are down much worse — percentages range from the mid-teens to the low 20s.  (more)