Tuesday July 5, 2016
Economic Calendar & Watch Lists 7/5/2016
Morning Notes
US Futures are pointing lower this morning while European stocks trade lower by over -1% led by a slide in crude prices, dragging energy producers lower. Asian stocks closed predominantly lower.
Technicals
The SPY drifted higher in Friday’s session but is gapping lower in pre market trading. Support will lie at the 50 day moving average at $207.70, followed by the low of Thursday’s session at $206.56 and then the mid range support pivot at $205.25. Resistance will lie at the low of Friday’s range at $209.29, followed by the high of Friday’s range at $210.49.
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**
$HOG
Economic Calendar
9:45 New York ISM
10:00 May Factory Orders Est. (-.09%)
10:00 May Durable Goods Est. (-2.2%)
2:30 Fed’s Dudley Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
