Monday January 11, 2016
Economic Calendar & Watch List 1/11/2016
US futures are slightly higher this morning and European stocks are trading higher by roughly +.75%. In overnight trading, China’s Shanghai fell another 5% initially but was able to recover the slide into the session close, however Asian stocks still did in predominantly lower.
The SPY traded sharply lower in Friday’s session closing out the day just off the lows. Support will first lie at the low of Friday’s range at $191.58, followed by $189.12 and $186.93. Resistance will lie at the high of Friday’s range at $195.85, followed by a zone of heavy resistance between $197.40 and $197.60.
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**
11:00 USDA weekly grain export inspections
12:40 Atlanta Fed President Dennis Lockhart speaks
3:50 Dallas Fed President Rob Kaplan speaks
Notable Earnings Before Open
Notable Earnings After Close
AA: Alcoa – EPS Est. $.03, Rev Est. $5.29B