Friday September 15, 2017
Economic Calendar & Watch List
US Futures and European shares are lower this morning with renewed geopolitical risks. North Korea launched another missile over Japan and London experienced a terrorist bombing on a subway train. Asian stocks settled the day mostly mixed.
The SPY remained range bound yesterday, encountering support and resistance within Wednesday’s high and low range. Support will lie at the low of yesterday’s range at $249.60, then gap entry at $249.42, followed by gap fill at $249.30, then ascending resistance at $249.70, another gap entry at $248.02, then the 20EMA at $247.17, followed by gap fill at $247.11, then $246.30, $246.23, the 50SMA at $245.98, then $244.95, $244.62, and the 100SMA at $243.59. Resistance will lie at the high of yesterday’s range at $250.32.
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**
0830 Retail Sales, expected +0.1% M/M
0915 Industrial Production, expected +0.1% M/M
1300 Baker-Hughes Rig Count
Notable Earnings Before Open
Notable Earnings After Close