Tuesday, September 13, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are tracking lower this morning after yesterday’s bounce back and European markets are trading slightly higher. The price of crude fell over -2% after the IEA commented that demand would slow through 2017 in Chinese and Indian markets which is weighing on energy producing stocks. Asian markets closed mixed across the board.
Technicals
The SPY surged back higher throughout yesterday’s session after tumbling on Friday. Support will lie at the low of yesterday’s range at $212.31, followed closely by the 100 day moving average at $212.09. Resistance will lie at the 50 day moving average at $216.37, followed closely by the high of yesterday’s range at $216.81, then $217.03 and the upper support pivot at $217.30.
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**
$APC
Economic Calendar
1:00 Treasury auctions $15B of 30-year T-bonds
4:00 Aug monthly budget statement expected -$105.5B
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
