Monday January 9, 2017
Economic Calendar And 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 (NYSE: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 (NASDAQ:EXAS)
3:00 November consumer credit expected +$18.3B
Notable Earnings Before Open
Viacom (NASDAQ:VIA) – EPS Est. $0.83
Notable Earnings After Close
Apollo Group Inc (NASDAQ:APOL) – EPS Est. $0.19
Barracuda Networks (NYSE:CUDA) – EPS Est. $0.14