Economic Calendar & Watch List 8/9/2017

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Wednesday August 9, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are down this morning along with European shares with escalating tensions between the US and North Korea. This comes after the SPY hit record highs during yesterday’s session and sold off sharply into late trading. Asian stocks settled mostly lower.

 

Technicals

The SPY opened just above the ascending resistance trendline during Tuesday’s session and posted record highs before drifting back lower to close back below this significant trendline. Support will lie at the low of Tuesday’s range at $246.83, followed by $246.64, $246.37, the 20 EMA at $246.32, then $246.13, the short term pivot point at $245.70, continued with $244.67, the 50 SMA at $244.40, and $244.31. Further support lies at $243.76, then gap entry at $243.30 and gap fill at $242.55. Resistance will lie at the record high of Tuesday’s range at $248.91.

 

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  Productivity and Costs

1030  EIA Weekly Petroleum Status Report

1300  Fed Pres. Evans Speaks

 

Notable Earnings Before Open
Mylan N.V. (MYL) – EPS Est. $1.19

Weibo (WB) – EPS Est. $0.31

Children’s Place (PLCE) – EPS Est. $0.74

 

Notable Earnings After Close

Twenty-First Century Fox (FOXA) – EPS Est. $0.34

Jack In The Box (JACK) – EPS Est. $1.06

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