Economic Calendar & Watch List 6/28/2017

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Wednesday June 28, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US stock futures are slightly up this morning with good comments from San Francisco Fed Pres. Williams. However, European stocks are down at a 2 month low. US gains are limited as tech stocks are still pulling on the market. Asian stocks settled mostly lower on the day.

 

Technicals

The SPY sold off throughout yesterday’s session, closing well below the 20EMA. Support will lie at the low of yesterday’s range at $241.31 followed by the the near term support pivot at $240.65, then $239.93, $239.51, $238.82, and the 50 SMA at $240.46. Resistance will lie at the 20 EMA at $242.61, followed by the high of yesterday’s range at $243.38, then $244.38, $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   May wholesale inventories expected +0.2%

1000 ET   May pending home sales expected +1.0%

1030 ET   EIA Weekly Petroleum Status Report

 

Notable Earnings Before Open

Paychex Inc (PAYX) – Est EPS $0.528

Monsanto Co (MON) – Est EPS $1.767

General Mills Inc (GIS) – Est EPS $0.711

 

Notable Earnings After Close

NONE

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