Economic Calendar & Watch List 8/3/2017

1590

Thursday August 3, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are slightly lower this morning after what has been a strong earnings season backed with a steady economy. European shares were up in early trading with a strong economic outlook from ECB along with the BOE leaving interest rates unchanged.  Asian stocks settled lower on the day.

 

Technicals

The SPY sold in early trading Wednesday, yet managed to edge back higher and reclaim the ascending resistance line. Support will lie at the low of yesterday’s range at $246.37, followed by $246.13, the 20 EMA at $245.82, the short term pivot point at $245.70, then $244.67, $244.31 and the 50 SMA at $243.89. Further support lies at $243.76, the gap entry at $243.30, then gap fill at $242.55. Resistance will lie at yesterday’s high of $247.60 and the record highs at $248.

 

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  Weekly Unemployment Claims, UNCH 244k

1000  Factory Orders +2.6% M/M

1030  EIA Natural Gas Report

 

Notable Earnings Before Open
Allergan (AGN) – EPS Est. $3.95

Yum! Brands (YUM) – EPS Est. $0.61

 

Notable Earnings After Close

Activision Blizzard (ATVI) – EPS Est. $0.25

Kraft Heinz Company (KHC) – EPS Est. $0.96

Acacia Communications (ACIA) – EPS Est. $0.09

Yelp (YELP) – EPS Est. $-0.03

 

NO COMMENTS