Wednesday January 4, 2017
Economic Calendar and Watch List
Morning Notes
US Futures are tracking higher this morning while European markets trade slightly lower on higher than expected CPI data which is causing a demand for gold to hedge for possible inflation. Asian stocks closed predominantly lower.
Technicals
The SPY (NYSE:SPY) reclaimed the recent pivot at $224.89 and closed higher to end yesterday’s session. Support will lie at the recent pivot at $224.89, followed by the low of yesterday’s range at $223.88, $222.73, and $221.38. Resistance will lie at the high of yesterday’s range at $225.83, followed by $226.59, $226.73, $227.81, and record 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**
tbd
2:00 FOMC Minutes
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE