Friday, September 30, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are relatively flat this morning while European markets are trading lower by over -1.5% on concerns of the European banking conditions led by the recent headlines on Deutsche Bank. Asian stocks closed mostly lower.
Technicals
The SPY rejected the short term ascending support in yesterday’s session and sold off into the close. Support will lie at the short term ascending support at $214.30, followed by the low of yesterday’s range at $214.04, then $213.62, $213.44, $213.38, $213.03, and the 100 day moving average at $213.07. Resistance will lie at the 50 day moving average at $216.85, followed by the high of yesterday’s range at $216.87, then $216.88 and the upper resistance 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**
$NXPI
$OPHT
Economic Calendar
8:30 August personal spending expected +0.1%
9:45 September Chicago PMI expected +0.5 to 52
10:00 Final September University of Michigan U.S. consumer sentiment index expected +0.2 to 90
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
