Economic Calendar & Watch List 6/9/2017

1415

Friday June 9, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US Futures are tracking slightly higher this morning while European stocks also edge higher and trade into the positive. A positive headline for US Banks occurred yesterday as the US House would repeal many of the Dodd Frank regulations which means less supervision if higher deposits on hand. Asian stocks closed predominantly higher.

 

Technicals

The SPY tested all time highs throughout yesterday’s session and put in even more heavy resistance near these best levels. Support will lie at the low of yesterday’s range at $243.17, followed by $242.83, $241.64, the 20 EMA at $241.34, the near term support pivot at $240.65, then $239.93, $239.51, $238.82, and the 50 SMA at $238.30. Heavy resistance will lie within a tight zone at the record highs from $244.30 – $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**

$YHOO

 

 

Economic Calendar

10:00 April wholesale trade sales expected +0.2%

12:00 USDA June WASDE crop production

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

NO COMMENTS