Economic Calendar & Watch List 6/6/2017

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Tuesday June 6, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US Futures are tracking modestly lower this morning while European stocks also trade lower by over -0.50% as investors thin positions ahead of key events taking place later in the week. Markets await the election in the UK with regard to Brexit, the ECB meeting and finally former FBI chief Comey as he testifies to Congress. Asian stocks closed mostly mixed.

 

Technicals

The SPY tested record highs to then drift lower on light volume throughout yesterday’s session. Support will lie at the low of yesterday’s range at $243.76, followed by $243.08, $241.64, the near term support pivot at $240.65, the 20 EMA at $240.60, then $239.93, $239.51, $238.82, and the 50 SMA at $237.75. Resistance will lie at the highs of yesterday’s range at $244.30, followed by the record  highs at $244.35.

 

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

10:00 Apr JOLTS job openings expected -5,000 to 5.738M

 

Notable Earnings Before Open

Canadian Solar (CSIQ) – EPS Est. -0.01    
G-III Apparel (GIII) – EPS Est. -0.37
HD Supply (HDS) – EPS Est. 0.65

 

Notable Earnings After Close

Ambarella (AMBA) – EPS Est. 0.03      
Dave & Busters (PLAY) – EPS Est. 0.80  

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