Economic Calendar & Watch List 3/2/2017

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Thursday March 2, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are relatively flat this morning after yesterday’s strong rally. European stocks are trading slightly lower on concerns of the ECB tapering QE in the near future. The price of crude is lower this morning by -.80% after inventories are indicating record highs. Asian stocks closed mostly mixed.

 

Technicals

The SPY managed to maintain yesterday’s gap higher while trending to more new record highs. Support will lie at the low of yesterday’s range at $238.37, followed by $237.31, $236.95, $236.01, $235.41, $235.09, and $233.95. Resistance will lie only at the high of yesterday’s range at $240.32.

 

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**

 

Economic Calendar

8:30 Weekly initial unemployment claims expected +1,000 to 245

8:30 USDA weekly Export Sales

 

Notable Earnings Before Open
Barnes & Noble (BKS) – EPS Est. $1.14
JD.com (JD) – EPS Est. ($0.06)   
Kroger (KR) – EPS Est. $0.52

 

Notable Earnings After Close
Marvell Technology (MRVL) – EPS Est. $0.19

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