Monday January 9, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are drifting slightly lower while European stocks trade lower by over -.50% as the price of crude slips nearly -2%, weighing on energy producing names. Asian stocks closed mostly mixed.
Technicals
The SPY continued its push higher to close out last week, ending just off record highs. Support will lie at the low of Friday’s range at $225.90 followed by $225.48, the recent support pivot at $224.89, then $223.88 and $223.73. Resistance will lie at the high of Friday’s range at $227.75, followed by $227.81 and all time highs at $228.34.
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**
$EXAS
Economic Calendar
3:00 November consumer credit expected +$18.3B
Notable Earnings Before Open
Viacom (VIAB) – EPS Est. $0.83
Notable Earnings After Close
Apollo Education Group (APOL) – EPS Est. $0.19
Barracuda Networks (CUDA) – EPS Est. $0.14
