Tuesday January 5, 2016
Economic Calendar & Watch List 1/5/2016
Morning Notes
US futures are pointing lower and European stocks are trading lower by over -.50% after China extended losses overnight. Asian stocks closed lower.
Technicals
The SPY gapped significantly lower in yesterday’s session hitting 3 month lows. Support will lie at a very key level of $198.59 which is the low of yesterday’s range and corresponds with more support 3 months ago. Resistance will lie at the high of yesterday’s range at $201.03, followed by the beginning of the gap at $203.87.
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**
SWHC
LLY
FSLR
SCTY
Economic Calendar
9:45 Dec New York ISM, Nov -5.1 to 60.7
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE