Friday, August 19, 2016
Economic Calendar & Watch Lists
US Futures are tracking modestly lower this morning while European stocks trade lower by nearly -1% as more uncertainty surfaces regarding the timeline for the next interest rate hike by the Fed. Asian stocks closed mostly mixed.
The SPY pivoted back higher closing out yesterday’s session on the highs. Support will first lie at the low of yesterday’s range at $218.21, followed by the upper support pivot at $217.30, then $217.02, $216.78, and $215.83. Resistance will lie at the high of yesterday’s range at $218.90, and then all time highs of $219.50.
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**
Notable Earnings Before Open
DE: Deere & Co – EPS Est. $.95, Rev Est. $6B
FL: Foot Locker – EPS Est. $.91, Rev Est. $1.77B
Notable Earnings After Close