Economic Calendar and Watch List
Morning Notes
US Futures are tracking modestly higher this morning while European stocks trade higher by over +.50% as markets await the US payroll report which may provide clues into the timing of the next rate increase by the FOMC. Asian stocks closed mostly mixed.
Technicals
The SPY (NYSE:SPY) held the former descending resistance in yesterday’s session and attempted to pivot higher. Support will lie at the low of yesterday’s range at $226.82, followed by the former descending resistance at $226.70, then $226.32, $225.27, the 50 day moving average at $225.18 and the recent support pivot at $224.89. Resistance will lie at the high of yesterday’s range at $228.10, followed by $228.59, $228.76, $229.59, and record highs at $229.71.
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**
FTNT (NASDAQ:FTNT)
DATA (NYSE:DATA)
DECK (NYSE:DECK)
Economic Calendar
8:30 January non-farm payrolls expected +175K
8:30 January avg hourly earnings expected +0.3%
9:15 Chicago Fed President Charles Evans speaks
9:45 Revised January Markit services PMI
10:00 January ISM non-manufacturing PMI expected +0.4 to 57
10:00 December factory orders expected +0.7%
Notable Earnings Before Open
Apollo Global Management (NYSE:APO) – EPS Est. $0.77
Clorox Company (NYSE:CLX) – EPS Est. $1.22
Hershey Company (NYSE:HSY) – EPS Est. $1.08
Tuesday Morning Corp (NASDAQ:TUES) – EPS Est. $0.37
Notable Earnings After Close
NONE