Wednesday January 4, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are tracking higher this morning while European markets trade slightly lower on higher than expected CPI data which is causing a demand for gold to hedge for possible inflation. Asian stocks closed predominantly lower.
Technicals
The SPY reclaimed the recent pivot at $224.89 and closed higher to end yesterday’s session. Support will lie at the recent pivot at $224.89, followed by the low of yesterday’s range at $223.88, $222.73, and $221.38. Resistance will lie at the high of yesterday’s range at $225.83, followed by $226.59, $226.73, $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**
tbd
Economic Calendar
2:00 FOMC Minutes
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE