Morning Notes
US Futures are tracking slightly higher this morning while European stocks trade at near 12 month highs and Asian stocks closed mostly mixed.
Technicals
The SPY (NYSE:SPY) consolidated further throughout yesterday’s session while trading on strong relative volume. Support will lie at the low of yesterday’s range at $225.89, followed by $225.41, $224.26, and $221.38. Resistance will lie at the high of yesterday’s range at $227.81, followed by $228.23 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**
Agios Pharm (NASDAQ:AGIO)
Economic Calendar
8:30 November housing starts expected -7.0% to 1.23M
8:30 November building permits expected -1.6% to 1.24M
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE