Monday June 13, 2016
Economic Calendar & Watch Lists 6/13/2016
Morning Notes
US Futures are lower this morning as European markets trade off by nearly -1.5% at 2 month lows. The price of crude slipped by -1.3% dragging energy producers lower while gold is trading at monthly highs. Asian stocks were led lower by a sharp -3.5% drop in the Nikkei.
Technicals
The SPY traded sharply lower in Friday’s session and is carrying over into this morning as the SPY is trading lower in the pre market. Support will lie at the low of Friday’s range at $209.43, followed by the former macro resistance at $209 – $209.30, then $208.86, $207.87, and the 50 day moving average at $207.66. Resistance will lie at the high of Friday’s range at $210.86, followed by $211.19, $212.22, and $211.22.
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**
$AGIO
Economic Calendar
11:00 USDA weekly grain export inspections
4:00 USDA weekly crop progress
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
June 13th Swing Watch List
$CC – Long entry over 9.00, stop 8.50. Target is 9.75 and then 10.50.
$DISCA – Short entry under 25.99, stop 26.50. Target is 25.10 and then 24.50.
