Friday June 30, 2017
Economic Calendar & Watch List
Morning Notes
US stock futures point higher this morning along with European shares as a rebound in tech stocks boost the overall market. This after a steep selloff in tech stocks pulled heavy on the markets and spilled into the broader markets on Thursday. Asian stocks settled mostly down.
Technicals
The SPY sold off on accelerated volume throughout yesterday’s session testing the 50 SMA and the near term support pivot. Support will lie at the 50 SMA at $240.81 followed by the near term support pivot at $240.65, then the low of yesterday’s range at $239.96, continued with $239.93, $239.51, $238.82 and the 100 SMA at 238.07. Resistance will lie at the high of yesterday’s range at $243.72, followed by $244.38, $244.73, $244.87, and the record highs at $245.01.
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**
$HAIN
Economic Calendar
0830 ET May personal spending expected +0.1%
0945 ET Jun Chicago PMI expected -1.4 to 58
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
