Friday December 9, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are tracking modestly higher this morning while European stocks trade slightly higher on follow through from yesterday’s news that the ECB would continue QE through the end of next year. Asian stocks closed mostly mixed.
Technicals
The SPY continued its surge to more record highs throughout yesterday’s session and is edging higher again the morning. Support will lie at the low of yesterday’s range at $224.26, followed by $221.38, $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 $225.70.
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**
$RH
$WYNN
$AVGO
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Economic Calendar
10:00 Revised October wholesale inventories expected -0.4%
10:00 Preliminary December University of Michigan U.S. consumer sentiment index expected +0.7
Notable Earnings Before Open
Swift Transportation (NYSE: SWFT) – consensus EPS $0.44
Notable Earnings After Close
NONE
