Economic Calendar & Watch List 6/16/2017

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Friday June 16, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US Futures are tracking slightly higher this morning led by strength in energy producing stocks as the price of crude trades higher by +.60%. European stocks are trading higher ahead of Sunday’s second round of elections where candidate Macron is expected to make a strong push. Asian stocks closed mostly mixed.

 

Technicals

The SPY tested the 20 EMA on weakness early in yesterday’s session then edged back higher throughout the remainder of the day to close out just off the intraday highs. Support will lie at the low of yesterday’s range at $242.36, followed closely by the 20 EMA at $242.31, $241.95, $241.64, the near term support pivot at $240.65, then $239.93, $239.51, $238.82, and the 50 SMA at $239.12. Resistance will lie at the high of yesterday’s range at $243.91, followed by $244.87, and 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**

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 May housing starts expected +3.9%

8:30 May building permits expected +1.7%

10:00 Preliminary June University of Michigan U.S. consumer sentiment expected -0.1

12:45 Dallas Fed President Robert Kaplan speaks

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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