Friday November 3, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are moderately higher while European stocks are down marginally ahead of US non-farm payroll numbers. European equities are being led lower by weakness in bank stocks, but losses were somewhat limited with strength in the auto sector. Asian stocks closed the week mostly higher.
Technicals
The SPY exhibited weakness in early trading yesterday then rallied through the session to close in positive territory to continue its consolidation trend. Support will lie at the low of yesterday’s range at $256.19, followed by $255.63, the 20EMA at $255.59, then $253.98, $253.65, $253.20, $252.56, $252.23, the former ascending resistance at $252.11, then $251.30, and the recent pivot at $250.15. Resistance will lie at yesterday’s high of $257.75 then all time highs at $258.43.
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**
AAPL, DATA
Economic Calendar
8:30 Non Farm Payrolls, expected 323k
12:15 Fed Pres. Kashkari Speaks
1:00 Baker-Hughes Rig Count
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE