Tuesday December 26, 2017
Economic Calendar & Watch List
US Futures are marginally lower on light holiday trading as markets in Europe, UK, and Hong Kong were closed for Boxing Day. Asian stocks settled mixed to start the week.
The SPY continued to consolidate and trade within a limited range as markets moved into the Christmas holiday. Support will first lie at the short term pivot of $265.46, followed by the 20EMA at $264.93, the recent pivot at $262.71, ascending support at $261.88, then a pivot at $260.75. Support continues with the 50SMA at $260.57, a pivot at $260, $259.20, $255.63, the 100SMA at $254.50 and a pivot at $254.30. Resistance will lie at all time highs at $268.60.
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 Richmond Fed Manufacturing Index
10:00 State Street Investors Confidence Index
Notable Earnings Before Open
Notable Earnings After Close