Wednesday October 11, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are slightly lower this morning ahead of the FOMC meeting where investors and traders will look for clues as to the likelihood of a December rate increase. European shares are higher this morning after positive news out of Spain and positive comments out of the ECB. Asian stocks closed mostly higher.
Technicals
The SPY posted more record highs throughout yesterday’s session while closing closing back flat on the day. Support will lie at the low of yesterday’s range at $253.98, followed by $253.65, $253.20, $252.56, $252.23, $251.29, the 20EMA at $251.32, then the recent pivot $250.15. Resistance will lie at the record highs of $255.05.
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
7:15 Fed Pres. Evans Speaks
10:00 JOLTS Report, expected 6.16m
10:30 EIA Petroleum Status Report
2:00 FOMC Meeting Announcement
Notable Earnings Before Open
Delta Air Lines (DAL) – EPS Est. $1.54
Fastenal (FAST) – EPS Est. $0.50
Notable Earnings After Close
NONE
