Economic Calendar & Watch List 12/7/2016

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Wednesday December 7, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are relatively flat this morning while European stocks trade higher by over +1% on optimism that the ECB will extend its QE program after its meeting tomorrow. Energy producing stocks are catching a bid on the strength of crude after the API report late yesterday showed a drop in inventories. Asian stocks closed mostly higher.

 

Technicals

spy127

The SPY continued its push higher throughout yesterday’s session after its pivot at the the recent support pivot at $219.25 on Friday. Support will lie at the low of yesterday’s range at $220.66, followed by $220.42, $220.25, the recent support pivot at $219.25, and $219. Resistance will lie at the high of yesterday’s range at $221.74 followed closely by record highs at $221.82.  

 

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**

$PLAY
$WDC

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Economic Calendar

10:00 October JOLTS job openings expected +14,000 to 5.5M

10:30 EIA Weekly Petroleum Status Report

3:00 Oct consumer credit expected +$18.3B

 

Notable Earnings Before Open

Vera Bradley (Nasdaq: VRA) – consensus EPS $0.23

 

Notable Earnings After Close

United Natural Foods (Nasdaq: UNFI) – consensus EPS $0.63

lululemon athletica (Nasdaq: LULU) – consensus EPS $0.43

 

 

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