Economic Calendar & Watch List 8/10/2017

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Thursday August 10, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are moderately lower this morning while European stocks also trade lower on continued tensions between the US and North Korea. Asian stocks closed predominantly lower.

 

Technicals

The SPY opened back below the ascending resistance to start Wednesday’s session and remained choppy for the majority of the day before rallying to close just below this significant resistance point. Support will lie at the low of yesterday’s range at $246.06, followed by the short term pivot point at $245.70, then $244.67, the 50 SMA at $244.52, 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 high of yesterday’s range at 247.31 followed by 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**

$M

Economic Calendar

0830  Weekly Unemployment Claims

0830  July Producers Price Index

1000  Fed Pres. Dudley Speaks

1030  EIA Natural Gas Report

1400  Treasury Budget

 

Notable Earnings Before Open
Macy’s (M) – EPS Est. $0.44

Kohl’s (KSS) – EPS Est. $1.17

 

Notable Earnings After Close

NVIDIA (NVDA) – EPS Est. $0.69

Snap (SNAP) – EPS Est. $-0.29

Nordstrom (JWN) – EPS Est. $0.61

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