Economic Calendar & Watch Lists 7/11/2016

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Monday July 11, 2016

 

Economic Calendar & Watch Lists 7/11/2016

 

Morning Notes

US Futures are tracking higher as markets approach all time highs. European stocks are trading higher by over +1% while Asian stocks showed strength over night as the Nikkei pushed over 600 points, or 4%, higher along with the Hang Seng moving jumping by over 300 points.

 

Technicals

SPY711

The SPY surged higher in Friday’s session and closed out just off the intraday highs while also approaching its all time high at $213.78. Support will lie at the low of Friday’s range at $210.78, followed by $210.65, the former macro resistance which now becomes support at $209, $208.63, and the 50 day moving average at $207.79. Resistance will lie at the high of Friday’s range at $212.94, $213.18, $213.34, and $213.78.

 

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**

 

Economic Calendar

10:00 FOMC Member George Speaks

10:00 Labor Market Conditions

 

Notable Earnings Before Open

OZRK: Bank of the Ozarks – EPS Est. $.58, Rev Est. $163.84M

 

Notable Earnings After Close

AA: Alcoa – EPS Est. $.09, Rev Est. $5.2B

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