Friday November 18, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are slightly lower this morning while European stocks trade lower by nearly -1% at its worst levels all led by a continued increase in the price of the dollar hitting over 13 year highs. Asian stocks closed mostly mixed.
Technicals
The SPY continued its push higher throughout yesterday’s session and is approaching all time highs. Support will lie at the low of yesterday’s range at $217.92, followed by $217.42, the recent support pivots at $217.30 and $216.80, then $215.72 and the 100 day moving average at $215.32. Resistance will lie at the high of yesterday’s range at $219.06, 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**
$CRM
$MRVL
Economic Calendar
NONE
Notable Earnings Before Open
Abercrombie & Fitch (NYSE: ANF) – consensus EPS $0.21
Foot Locker (NYSE: FL) – consensus EPS $1.10
Notable Earnings After Close
NONE
