Economic Calendar & Watch List 6/15/2017

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Thursday June 15, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US Futures are tracking modestly lower this morning while European stocks also trade lower by over -1% on carryover from yesterday’s FOMC announcement which sparked a slip in US markets as well as crude oil. Asian stocks closed mostly lower.

 

Technicals

The SPY tested record highs early in yesterday’s session then slipped lower into the late afternoon. Support will lie at the low of yesterday’s range at $243.29, followed by $242.38, the 20 EMA at $242.16, then $241.95, $241.64, the near term support pivot at $240.65, $239.93, $239.51, $238.82, and the 50 SMA at $238.96. Resistance will lie at the high of yesterday’s range at $244.87, followed by the record highs at $245.01.

 

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**

$KR

$BABA

 

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -4,000 to 241K

8:30 June Empire State manufacturing expected +6.0 to 5

8:30 June Philadelphia Fed business outlook expected -13.8 to 25

8:30 May import price index expected -0.1%

8:30 USDA weekly Export Sales

9:15 May industrial production expected +0.2%

10:00 Jun NAHB housing market index expected unchanged

 

Notable Earnings Before Open

Kroger (KR) – EPS Est. 0.57

 

Notable Earnings After Close

Finisar (FNSR) – EPS Est. 0.40

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