Friday October 3, 2017
Economic Calendar & Watch List
US Futures are edging higher again in the premarket after posting record highs for the second straight day. European markets have continued their slight pullback following sharp gains the past couple days. Tensions continue in Spain and could help fuel further downside. Most Asian markets are closed for holiday this week but other markets like Australia and India were slightly up.
The SPY continues to ramp up with it’s second day of posting all time highs, which is currently at $252.32. Support will lie at $252, yesterday’s low at $250.13, followed by $251.23, then $248.87, $248.07 and $248.02 which will continue to act as a major pivot point. Support continues at $246.23, and $244.95. Resistance will lie at record highs at $252.32.
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**
Motor Vehicle Sales
8:30am EST Gallup US ECI
8:55am EST Redbook
Notable Earnings Before Open
Paychex (PAYX) – EPS Estimate $0.60
Lennar Corp (LEN) – EPS Estimate $1.01
Notable Earnings After Close