Economic Calendar & Watch List 5/30/2017

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Tuesday May 30, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US Futures are tracking slightly lower while European stocks also trade lower by -0.4% ahead of key US economic data will strengthen the FOMC decision to raise interest rates at their next meeting. Weakness in crude oil, -0.65%, is weighing on energy producing names and leading markets lower. Asian stocks closed mostly mixed.

 

Technicals

The SPY consolidated on anemic volume throughout Friday’s session after a over a week long rally to new record highs. Support will lie at the low of Friday’s range at $241.45, followed by $240.96, $240.73, $239.93, $239.51, the 20 EMA at $239.12, then $238.82, $237.27, and the 50 SMA at $236.97. Resistance will lie only at the high of Friday’s range at $241.90 and record highs at $242.08.

 

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**

Nothing has presented a viable technical setup as of yet. Join us live in chat for the latest updates and alerts!

 

 

Economic Calendar

8:30 April personal spending expected +0.4%

9:00 March S&P CoreLogic composite 20 home Price index expected +0.9%

10:00 May consumer confidence expected -0.4

10:30 May Dallas Fed manufacturing activity expected -1.8

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

NONE

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