Economic Calendar & Watch List 7/31/2015
US futures are slightly lower this morning as are European stocks on carryover from the Shanghai Composite closing over -1% lower. The market remains in an uneasy state as it awaits the timing of a rate hike and the condition of China’s market.
The $SPY tested the 50 day moving average in yesterday’s session closing back above at $210.82. Overhead resistance remains at $211 and support exists at the 50 day moving average of $210, followed by stronger price action support at $209.50; a critical pivot point.
*Please refer to our momentum scans in the chatroom for low float stocks in play at the market open.
**Others On Watch**
Earnings Before Open
CVX: Chevron – EPS est $1.16, Rev Est. $30.91B
RCL: Royal Caribbean Cruises Ltd – EPS est. $.73, Rev est. $2.06B
Earnings After Close