Monday August 14, 2017
Economic Calendar & Watch List
US Futures are edging moderately higher this morning while European stocks trade sharply higher by over +1% after concerns over North Korea were quelled by the CIA. Asian stocks closed mostly higher.
The SPY consolidated near the low of Thursday’s range on light volume. Support will lie at the low of Friday’s range at $243.75, followed by $243.70, then gap entry at $243.30 and gap fill at $242.55. Support continues with the 100 SMA at $240.96. Resistance will lie at the 20 EMA at $245.98, followed by $246.44, $247.31, the ascending resistance at $247.68 and record highs 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**
Notable Earnings Before Open
JD.com (JD) – EPS Est. $0.02
Sysco Corporation (SYY) – EPS Est. $0.71
Notable Earnings After Close