Economic Calendar & Watch List 9/7/2017

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Thursday September 7, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are slightly higher this morning following gains in the market during yesterday’s session after an agreement was reached on the raise of the debt ceiling. European stocks are higher as investors look forward to information from ECB Draghi on ending the QE program. Hurricane Irma is weighing on the markets as it is expected to make landfall on the US mainland as early as Friday. Asian stocks settled mixed on the day.

 

Technicals

The SPY traded in a tight range on lighter than average volume ending the session just off the highs. Support will lie at the low of yesterday’s range at $246.23, followed by the 20EMA at $245.73, the 50SMA at $245.18, then $244.95, $244.62, $242.93, the 100SMA at $242.61, then $241.83, and $240.85. Resistance will lie at the high of Yesterday’s range at $247.28, followed by gap entry at $247.52, then gap fill at $247.67, then $248.33, ascending resistance at $248.77 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

0830  Weekly Unemployment Claims, expected 239k

1030  EIA Natural Gas Report

1100  EIA Petroleum Status Report

1215  Fed Pres. Mester Speaks

1900  Fed Pres. Bostic Speaks

1900  Fed Pres. Dudley Speaks

2015  Fed Pres. George Speaks

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

 

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