Monday, September 19, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are modestly higher this morning while European stocks trade higher by over +1% as recent mixed economic data points may hint toward the Fed placing a hold of the raising of rates. The price of crude is trading higher by roughly +1.3% lifting energy producing stocks. Asian stocks closed higher.
Technicals
The SPY held the recent double bottom but traded slightly lower throughout Friday’s session. Support will lie at the low of Friday’s range at $212.57, followed closely by the double bottom at $212.50, then $212.31 and the 100 day moving average at $212.29. Resistance will lie at the high of Friday’s range at $213.69, followed by $215.73, $216.81, and the 50 day moving average at $216.86.
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**
$AAPL
Economic Calendar
10:00 September NAHB housing market index expected unchanged at 60
11:00 USDA weekly grain export inspections
4:00 USDA Weekly Crop Progress
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
