Monday August 24, 2015
Economic Calendar & Watch List 8/24/2015
US futures are down sharply by nearly -3% and European stocks are trading lower by nearly -3% as well on continued concerns of the global economic environment as these global markets are extending their move down from the last week. Asian stocks closed sharply lower.
The SPY is gapping significantly lower this morning to the $191 zone. Below $190.50, the next support is at $188.07 then followed by $182.90. Resistance overhead lies at $191.50, $192.61, and $194.28.
*Please refer to our momentum strategy scanners displayed in the chat room for potential plays at the market open.
**Others On Watch**
3:55 Fed’s Lockhart Speaks
Earnings Before Open
Earnings After Close
QUNR: Qunar Cayman Islands Ltd – EPS Est. ($6.19)
QIHU: Qihoo 360 – EPS Est. $0.71