Economic Calendar & Watch List 12/8/2016

1750

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

spy128

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

Join us over at Warrior Trading

 

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

NO COMMENTS