Economic Calendar & Watch List 8/29/2017

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Tuesday August 29, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are trading lower this morning as worries over North Korea shake the markets. North Korea launched a missile over Japan yesterday afternoon placing investors on edge. This has sent investors into safe havens, such as gold and treasuries. Asian stocks settled mostly lower.

 

Technicals

The SPY traded on light volume during yesterday’s session finding resistance at the 50SMA and closed the day back below. Support will lie at the low of yesterday’s range at $244.09, followed by $243.75, then gap entry at $243.55, gap fill at $243.20, the 100SMA at $242.04, then $241.83, $240.85, and the recent support pivot at $240.65. Resistance will lie at the high of yesterday’s range at $245.20, then the recents swing high pivot at $245.62, followed by $246.60, ascending resistance at $248.38 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**

 

Economic Calendar

0855  Redbook

1000  Consumer Confidence, expected 120

 

Notable Earnings Before Open
Best Buy (BBY) – EPS Est. $0.63

Hain Celestial (HAIN) – EPS Est. $0.40

 

Notable Earnings After Close

H&R Block (HRB) – EPS Est. $-0.63

 

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