Monday June 19, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are tracking higher this morning while European stocks also edge higher by nearly +1% on the results of French Presidential Candidate Macron winning the majority of seats in the National Assembly. Asian stocks closed mostly higher.
Technicals
The SPY tested the 20 EMA on weakness throughout Friday’s session then edged back higher to close out back above the 20 EMA. Support will lie at 20 EMA at 242.34, followed by the low of Friday’s range at $241.63, the near term support pivot at $240.65, then $239.93, $239.51, $238.82, and the 50 SMA at $239.28. Resistance will lie at the high of Friday’s range at $242.83, followed by $243.91, $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**
$CLVS
Economic Calendar
8:00 New York Fed President William Dudley speaks
7:00 Chicago Fed President Charles Evans
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
