Monday May 22, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are relatively flat this morning while European stocks trade slightly lower. US stocks are being supported by energy names as the price of crude oil hits a hits a 1 month high. Asian stocks closed mostly mixed.
Technicals
The SPY reclaimed its 20 EMA throughout Friday’s session, although closing well off the intraday highs. Support will lie at the low of Friday’s range at $237.27, followed by the 50 SMA at $236.70, then $235.43, $235.31, and the former descending resistance at $234.65. Resistance will lie at the high of Friday’s range at $239.08, followed by $239.45, $239.63, and record highs at $240.67.
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**
$AMGN
Economic Calendar
8:30 April Chicago Fed national activity index expected +0.02
10:00 Philadelphia Fed President Patrick Harker speaks
7:30 Fed Governor Lael Brainard speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
