Monday February 6, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are relatively flat while European stocks trade just slightly lower in quiet trading. Germany, the Eurozone’s largest economy, reported better than expected factory orders which was the strongest in 5 years. Asian stocks closed predominantly higher.
Technicals
The SPY pivoted higher throughout Friday’s session and closed out just of intraday highs. Support will lie at the low of Friday’s range at $228.46, followed by $228.10, $226.82, the former descending resistance at $226.60, then $226.32 and the 50 day moving average at $225.36. Resistance will lie at the high of Friday’s range at $229.55, followed closely by $229.59, and record highs at $229.71.
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**
$TIF
$HAS
Economic Calendar
NONE
Notable Earnings Before Open
Diamond Offshore Drilling (DO) – EPS Est. $0.13
Hasbro (HAS) – EPS Est. $1.27
Loews Corp. (L) – EPS Est. $0.63
Sysco Corp. (SYY) – EPS Est. $0.54
Tyson Foods (TSN) – EPS Est.$1.26
Notable Earnings After Close
Abbott (ABT) – EPS Est. $0.65
Allison Transmission (ALSN) –EPS Est. $0.26
Arrowhead Research (ARWR) – EPS Est. -$0.20
