Economic Calendar & Watch List 7/10/2017

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Monday July 10, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US futures are slightly higher this morning following the boost on Friday after the higher than expected jobs report. Tech stocks are leading equities higher the market higher early. European stocks are up this morning with stronger than expected news. However, weakness in crude and mining are limiting the upside. Asian stocks closed mostly higher.

 

Technicals

The SPY reclaimed the 50 SMA in Friday’s session after a recent break of both the 20 EMA and 50 SMA late last week. Support will lie first at the near term support pivot at $240.65, followed by the low of Friday’s range at $240.56, then $240.34, $239.96, $239.51, $238.82 and the 100 SMA at $238.64. Resistance will lie at the the high of Friday’s range at $242.28 which also coincides with the 20 EMA. Resistance continues at $243.01, $243.38, $243.72, $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

1500 ET  Consumer Credit m/m – Est. 12.1B                      

 

Notable Earnings Before Open

Helen of Troy (HELE) – Est EPS $1.26

 

Notable Earnings After Close

Barracuda Networks Inc. (CUDA) – Est EPS $0.18

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