Wednesday December 21, 2016
Economic Calendar & Watch List
US Futures are relatively flat this morning while European stocks drift lower amidst light holiday trading. The price of crude is edging higher this morning after API data late yesterday showed a drop in inventories last week. Asian stocks closed mostly mixed.
The SPY pivoted back higher in yesterday’s session after several days of consolidation. Support will lie at the low of yesterday’s range at $225.88, followed by $225.08, $224.67, and $224.26. Resistance will lie at the high of yesterday’s range at $226.57, followed by $227.81 and record highs at $228.34.
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**
10:00 November existing home sales expected -1.8%
10:30 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
Accenture (NYSE:ACN) – EPS est. $1.49
Finish Line (NASDAQ:FINL) – EPS est. ($0.18)
Notable Earnings After Close
Bed Bath & Beyond (NASDAQ:BBBY) – EPS est. $0.99
Micron Technology (NASDAQ:MU) – EPS est. $0.28
Red Hat (NYSE:RHT) – EPS est. $0.58