Friday, September 9, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are slightly lower this morning along with European markets after speculation that the consensus of the global central banks is to put further stimulus measures on hold. Also affecting European markets is the Eurozone’s largest economy, Germany, reported the weakest number in nearly a year for July exports. Asian stocks closed mostly lower.
Technicals
The SPY traded in a constricted range throughout yesterday’s session and closed slightly lower. Support will lie at the low of yesterday’s range at $218.15, followed by $217.86, $217.70, the upper range support pivot at $217.30, and then the 50 day moving average at $216.24. Resistance will lie at the high of yesterday’s range at $218.94, followed by $219.22, and all time highs at $219.60.
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**
$RH
$FNSR
Economic Calendar
8:30 USDA weekly Export Sales
9:30 Dallas Fed President Robert Kaplan speaks
10:00 Revised Jul wholesale inventories expected +0.1% m/m
Notable Earnings Before Open
SWFT: Swift Transportation – EPS Est. $.32, Rev Est. $1.03B
Notable Earnings After Close
MFRM: Mattress Firm – EPS Est. $.65, Rev Est. $997.55M
