Economic Calendar & Watch List
Morning Notes
U.S. Futures are trading at new record highs this morning while European stocks are trading higher by +1.5% on new signs of global economic strength and President Trump’s speech to Congress yesterday evening. Asian stocks closed predominantly higher.
Technicals
The SPY (NYSE:SPY) is gapping sharply higher this morning to new record highs and therefor no resistance. Near term support will lie at the high of Monday’s range at $237.71, followed by yesterday’s high at $236.95, then $236.01, $235.41, $235.09, $233.95, and $233.85.
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**
BBY (NYSE:BBY)
SRPT (NASDAQ:SRPT)
PANW (NYSE:PANW)
WTW (NYSE:WTW)
Economic Calendar
8:30 January personal spending expected +0.3%
9:45 Revised February Markit manufacturing PMI expected +0.2 to 54.5
10:00 February ISM manufacturing index expected unch at 56
10:00 January construction spending expected +0.6%
10:30 EIA Weekly Petroleum Status Report
1:00 Dallas Fed President Robert Kaplan speaks
2:00 Beige Book
Notable Earnings Before Open
American Eagle Outfitters (NYSE:AEO) – EPS Est. $0.38
Best Buy (BBY) – EPS Est. $1.67
Dollar Tree (NASDAQ:DLTR) – EPS Est. $1.32
Lowe’s Cos. (NYSE:LOW) (LOW) – EPS Est. $0.79
Notable Earnings After Close
Juno Therapeutic (NASDAQ:JUNO) (JUNO) – EPS Est. -$0.61
Shake Shack (NYSE:SHAK) – EPS Est. $0.09