Economic Calendar & Watch List 7/31/2015

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Economic Calendar & Watch List 7/31/2015

 

Morning Notes

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.

 

Technicals

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.

SPY_7_31

In Play

*Please refer to our momentum scans in the chatroom for low float stocks in play at the market open.

 

**Others On Watch**

RCL

EXPE

GPRO

FEYE

 

Economic Calendar

NONE

 

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

NONE

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