Economic Calendar & Watch List 6/27/2017

1504

Tuesday June 27, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US stock futures and European stocks point lower this morning with weakness in tech stocks lead by Alphabet and with the awaiting appearance by the Federal Reserve Chair Janet Yellen. Investors are hoping to get more information on the expectations for the next interest rate hike. Asian stocks closed mixed on the day.

 

Technicals

The SPY attempted to push back higher initially in yesterday’s session to then later give back those gains into the late afternoon. Support will lie at the low of yesterday’s range at $243.04, followed by the  20 EMA at $242.74 then $242.47, $241.63, the near term support pivot at $240.65. Support continues at $239.93, $239.51, $238.82, and the 50 SMA at $240.32. Resistance will lie at the high of yesterday’s range at $244.38, 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**

$ALDR

Economic Calendar

0330 ET  San Francisco Fed President John Williams (non-voter) speaks at the Macquarie University

1000 ET   Jun Richmond Fed manufacturing index expected +7 to 6

1030 ET   Philadelphia Fed President Patrick Harker (voter) speaks on the economic outlook and international trade

1300 ET   Fed Chair Janet Yellen speaks on global economic issues

1730 ET   Minneapolis Fed President Neel Kashkari (voter) speaks at a town hall event

 

Notable Earnings Before Open

Darden Restaurants Inc (DRI) – Est EPS $1.155

 

Notable Earnings After Close

NONE

NO COMMENTS