Tuesday December 13, 2016
Economic Calendar & Watch List
Morning Notes
US Futures are pointing to a higher open this morning while European stocks are trading higher by nearly +1% led by a surge in Italian banking stocks. The price of crude is edging higher again this morning by over +.75% giving energy producing stocks a lift. Asian stocks closed predominantly higher.
Technicals
The SPY (NYSE:SPY) consolidated throughout yesterday’s session at record highs. This morning the SPY is moving higher yet again posting more record highs. Support will lie at the high of yesterday’s range at $226.96, followed by $225.76, $225.41, $224.26, and $221.38. There is currently no short term resistance.
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**
Wynn Resorts Limited (NASDAQ:WYNN)
Economic Calendar
NONE
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE