Economic Calendar & Watch List 6/21/2017

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Wednesday June 21, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US Futures are down this morning along with European stocks as energy stocks are under continued pressure as production gains in Libya and the US offset the OPEC production cuts. Oil prices in US fell nearly 2% after crude entered a bear market. Asian stocks closed down.

 

Technicals

 

The SPY drifted lower throughout yesterday’s session while consolidation continues at higher prices. Support will lie at the low of yesterday’s range at $242.99, followed by the $242.83, the 20 EMA at 242.59, then 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 $239.62. Resistance will lie at the high of yesterday’s range at $244.26, followed by $244.73, $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**

$RHT

$ADBE

 

 

Economic Calendar

1000 ET May existing home sales

1030 ET EIA Weekly Petroleum Status Report

 

Notable Earnings Before Open

CarMax Inc (KMX) – EPS Est. 0.978

 

Notable Earnings After Close

Oracle Corp (ORCL) – EPS Est. 0.784

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