Economic Calendar & Watch list 7/13/2017

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Thursday July 13, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are up this morning after Fed Chair Yellen’s dovish comments. Investors are still awaiting the testimony from Yellen this morning and other FOMC members later today. IEA raises oil-demand forecast through 2018 and says output increased in June. Asian stocks closed modestly higher on the day with signs of growth in the global economy.

 

Technicals

The SPY gapped  higher yesterday and held the gains throughout the remainder of the trading session. Support will lie at the low of yesterday’s range at $243.30, followed by gap fill at $242.55, then the 20 EMA at $242.46, the 50 SMA at $241.58, continued with $240.85, and the near term support pivot at $240.65.Resistance will lie at the high of yesterday’s range at $244.20, 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**

$YNDX

$STX

 

Economic Calendar

1000 ET  Fed Chair Yellen Testifies

1030 ET  Natural Gas Storage

1130 ET  FOMC Member Evans Speaks

1300 ET  FOMC Member Brainard Speaks

1400 ET  Federal Budget Balance             

 

Notable Earnings Before Open

Delta Air Lines. (DAL) – Est EPS $1.64

 

Notable Earnings After Close

NONE

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