Economic Calendar & Watch List 12/30/2015

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Wednesday December 30, 2015

 

Economic Calendar & Watch List 12/30/2015

 

Morning Notes

US futures are slightly lower this morning and European stocks are also trading lower after a slide in Crude by nearly -3% overnight spurred by the API data which showed an increase in inventory. Asian stocks closed mostly mixed.

 

Technicals

SPY_12_30

The SPY gapped higher and held its gains throughout yesterday’s session of thin markets during holiday trading. support will lie at the low of yesterday’s range at $206.47, followed by the 200 day moving average at $206.25, the beginning of the gap at $205.26, and finally $203.94. Resistance will lie first at the 50 day moving average at $206.82, followed by the high of yesterday’s range at $207.79, and then $208.48.

 

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**

WTW

 

Economic Calendar

10:00 Nov pending home sales expected +0.7% m/m and +3.7% y/y

10:30 EIA Weekly Petroleum Status Report

1:30 Treasury auctions $29 billion 7-year T-notes.

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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