Economic Calendar & Watch List 5/15/2017

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Monday May 15, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are pointing to a slightly higher open on the heels of a strong move higher in energy names led by crude oil which is trading higher by +2.9%. European stocks are trading lower after coming off the massive cyber attack against European businesses. Asian stocks closed mostly higher.

 

Technicals

The SPY traded in a sideways inside day throughout Friday’s session which made for quiet trading. Support will lie at the low of Friday’s range at $238.67, followed by the 20EMA at $238.02, gap entry at $237.81, gap fill at $237.41, then the beginning of a secondary gap at $236.61, which also coincides with the 50SMA, and finally the recent pivot point at $236.30. Resistance will lie at the high of Friday’s range at $239.43, followed by $239.87, $240.19, 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**

$ALNY

Economic Calendar

8:30 Empire State Manufacturing Index Est. 7.2

10:00 May NAHB housing market index expected unchanged at 68

 

Notable Earnings Before Open
Digital Ally (DGLY) – EPS Est. -0.29
Notable Earnings After Close
Vip Shop Holdings (VIPS) – EPS Est. 0.16  

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