Monday March 6, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are tracking modestly lower this morning while European stocks are also trading lower led by weakness in energy. The price of crude is trading lower by -0.75% after Baker Hughes data showed the most active oil rigs in 17 months. Asian stocks closed mostly mixed.
Technicals
The SPY traded relatively flat throughout Friday’s session and trading lower early this morning. Near term support will lie at the low of Friday’s range at $237.73, followed by $237.31, $236.95, $236.01, $235.41, and $235.09. Resistance will lie at the high of Friday’s range at $238.61, followed by $239.57 and record highs at $240.32.
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**
Nothing has presented a viable technical setup as of yet. Join us live in chat for the latest updates and alerts!
Economic Calendar
10:00 January factory orders expected +1%
3:00 Minneapolis Fed President Neel Kashkari speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
