Thursday December 8, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are relatively flat while European stocks trade modestly higher ahead of today’s ECB meeting where the expectation is for the continuation of its QE program. Asian stocks closed higher led by strong import and export economic data out of China.
Technicals
The SPY surged sharply higher throughout yesterday’s sessions to more record highs. Support will lie at the low of yesterday’s range at $221.38, followed by $220.66, $220.42, $220.25, and the recent support pivot at $219.25. Resistance will lie at the high of yesterday’s range at $224.67.
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**
$LULU
$HZNP
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Economic Calendar
8:30 Weekly initial unemployment claims expected -13,000 to 255,000
8:30 USDA weekly Export Sales
Notable Earnings Before Open
Ciena (Nasdaq: CIEN) – consensus EPS $0.46
Notable Earnings After Close
Finisar (Nasdaq: FNSR) – consensus EPS $0.46
