Economic Calendar & Watch Lists
Morning Notes
US Futures are slightly lower this morning while European stocks trade lower by nearly -1% at its worst levels all led by a continued increase in the price of the dollar hitting over 13 year highs. Asian stocks closed mostly mixed.
Technicals
The SPY (NYSE:SPY) continued its push higher throughout yesterday’s session and is approaching all time highs. Support will lie at the low of yesterday’s range at $217.92, followed by $217.42, the recent support pivots at $217.30 and $216.80, then $215.72 and the 100 day moving average at $215.32. Resistance will lie at the high of yesterday’s range at $219.06, followed by $219.22 and all time highs at $219.60.
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**
Salesforce.com Inc (NYSE:CRM)
Marvell Technology Group Ltd (NASDAQ:MRVL)
Economic Calendar
NONE
Notable Earnings Before Open
Abercrombie & Fitch (NYSE: ANF) – consensus EPS $0.21
Foot Locker (NYSE: NYSE:FL) – consensus EPS $1.10
Notable Earnings After Close
NONE