Economic Calendar & Watch List 6/22/2017

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Thursday June 22, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US stock futures are lower and global stocks slump with continued concerns over the selloff in crude oil prices. Brexit concerns also are weighing as EU leaders started a summit in Brussels. However, biotech shares have been rallying with a 0.75% increase Wednesday.

 

Technicals

The SPY drifted lower throughout yesterday’s session for the second consecutive day while while testing the 20 EMA. Support will lie at the 20 EMA at 242.62, followed by the low of yesterday’s range at $242.41, then $241.63, the near term support pivot at $240.65, followed by $239.93, $239.51, $238.82, and the 50 SMA at $239.77. Resistance will lie at the high of yesterday’s range at $243.59, followed by $244.26, $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**

$ORCL

$WB

$HAIN

 

 

Economic Calendar

0830 ET Weekly initial unemployment report – expected 240,000

1000 ET Fed Gov. Powell speaks on fostering economic growth

 

Notable Earnings Before Open

Hain Celestial Group Inc (HAIN) – EPS Est. 0.472

Carnival Corp (CCL) – EPS Est. 0.481

Barnes & Noble Inc. – EPS Est. (0.17)

 

Notable Earnings After Close

Bed Bath & Beyond Inc (BBBY) – EPS Est. 0.659

Sonic Corp (SONC) – EPS Est. 0.41

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