Economic Calendar & Watch List 6/26/2017

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Monday June 26, 2017

 

Economic Calendar & Watch List

 

 

Morning Notes

US stock futures pointed higher on Monday, June 26, and European shares rose as Wall Street posted a slight rebound to end last week as oil prices stabilized. Increased M&A activity along with the rally in European bank stocks helped, as well. Asian stocks closed modestly higher.

 

Technicals

The SPY consolidated further throughout Friday’s session while holding just above the 20 EMA. Support will lie at the 20 EMA at $242.69 followed by the low of Friday’s range at $242.47, then $242.41 $241.63, the near term support pivot at $240.65. Support continues at $239.93, $239.51, $238.82, and the 50 SMA at $240.11. Resistance will lie at the high of Friday’s range at $243.51, followed by $243.53, $243.59, $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**

 

 

 

Economic Calendar

0830 ET  Durable Goods expected -0.6% and +0.4% ex transportation

0830 ET   May Chicago Fed national activity index expected -0.29 to 0.20

1030 ET   Jun Dallas Fed manufacturing activity expected -1.2 to 16.0

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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