Economic Calendar & Watch List 12/29/2015

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Tuesday December 29, 2015

 

Economic Calendar & Watch List 12/29/2015

 

Morning Notes

US futures are slightly higher this morning and European markets are also trading higher by over +1%. Thin markets during holiday trading are aiding in the slow drift higher. Commodity prices, including crude, recovered recent losses. Asian stocks closed mostly higher.

 

Technicals

SPY_12_29

The SPY closed out yesterday’s sessions near the highs coming off the Christmas holiday. Support will lie at the low of yesterday’s range at $203.94, followed by $203.85, and $201.55. Resistance will lie at the high of yesterday’s range at $205.26, followed by $205.42, and the 200 day moving average at $206.25 which also closely coincides with more resistance at $206.33.

 

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**

QCOM

 

Economic Calendar

9:00 Oct S&P/CaseShiller composite-20 home price index expected +0.60% m/m and +5.60% y/y

10:00 Dec consumer confidence expected +3.4 to 93.8

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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