Tuesday January 10, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are relatively flat to slightly lower this morning while European stocks drift to weekly lows in uninspired trade. Asian stocks closed mostly mixed.
Technicals
The SPY consolidated on light volume throughout yesterday’s session, closing slightly lower. Support will lie at the low of yesterday’s range at $226.42, followed by $225.90, $225.48, and the recent support pivot at $224.89. Resistance will lie at the high of yesterday’s range at $227.07, followed by $227.75 ,$227.81, and all time 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**
$CUDA
$ILMN
Economic Calendar
10:00 Revised November wholesale inventories, +0.9% m/m
10:00 November JOLTS job openings expected -34,000 to 5.5M
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
