Wednesday December 30, 2015
Economic Calendar & Watch List 12/30/2015
Morning Notes
US futures are slightly lower this morning and European stocks are also trading lower after a slide in Crude by nearly -3% overnight spurred by the API data which showed an increase in inventory. Asian stocks closed mostly mixed.
Technicals
The SPY gapped higher and held its gains throughout yesterday’s session of thin markets during holiday trading. support will lie at the low of yesterday’s range at $206.47, followed by the 200 day moving average at $206.25, the beginning of the gap at $205.26, and finally $203.94. Resistance will lie first at the 50 day moving average at $206.82, followed by the high of yesterday’s range at $207.79, and then $208.48.
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**
WTW
Economic Calendar
10:00 Nov pending home sales expected +0.7% m/m and +3.7% y/y
10:30 EIA Weekly Petroleum Status Report
1:30 Treasury auctions $29 billion 7-year T-notes.
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
