Friday October 6, 2017
Economic Calendar & Watch List
Morning Notes
US futures are flat and European shares are down in early trading ahead of the US Jobs Report. The report numbers are expected to be much lower than last month due largely in part to hurricanes Irma and Harvey. Spanish stocks are weighing on the European market, but losses were limited with strength in the German economy. Asian markets settled higher to end the week.
Technicals
The SPY continued its bull run in yesterday’s session closing with its 6th consecutive day of record highs. Support will be at yesterday’s range low at $253.20, followed by $252.56, $252.23, then $251.29, then the 20EMA at $250.43, and then recent pivot and ascending support line at $250.13. Resistance will be at the high of yesterday’s range at $254.68.
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 Sept. Jobs Report, expected +80k
0915 Fed Pres. Bostic Speaks
1215 Fed Pres. Dudley Speaks
1245 Fed Pres. Kaplan Speaks
1300 Baker-Hughes Rig Count
1350 Fed Pres. Bullard Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
| NONE |