Tuesday October 10, 2017
Economic Calendar & Watch List
US Futures are tracking higher this morning on optimism in quarterly earnings that will begin pouring in near the end of this week. European markets are trading slightly lower led by Spanish stocks ahead of a Parliament meeting later today. Asian stocks closed at the highest levels since 1996.
The SPY tested the record highs throughout yesterday’s session, finding support at the lows of Friday’s range and further consolidating. Support will lie at the low of Monday’s range at $253.65, followed by $253.20, $252.56, $252.23, $251.29, the 20EMA at $250.99, then the recent pivot $250.15. Resistance will lie at the record highs of $254.70.
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**
10:00 Fed Pres. Kashkari Speaks
208:00 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
Notable Earnings After Close
Barracuda Networks (CUDA) – EPS Est. $0.07