Thursday March 30, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are pointing to a slightly lower open while European markets are trading lower after Eurozone economic confidence for March declined unexpectedly. Asian stocks closed mostly lower.
Technicals
The SPY tested Tuesday’s high as well as the 20 day EMA during yesterday’s session and closed just slightly back below. Support will lie at the low of yesterday’s range at $234.72, followed by the 50 day SMA at $233.39, then $233.14, $231.61, $230.62, $229.56, $229.39, $228.31, $228.10 and the 100 day SMA at $227.31. Resistance will lie at the 20 day EMA at $235.54, followed by the high of b both yesterday’s and Tuesday’s range at $235.81, then $237.61, $237.97, $238.10, $239.20, $239.44, $239.57, and record highs 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**
$LULU
Economic Calendar
8:30 Weekly initial unemployment claims expected -11,000 to 247K
8:30 Revised Q4 GDP expected +2.0%
8:30 USDA weekly Export Sales
11:00 Dallas Fed President Robert Kaplan
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
