Morning Notes
US stock futures are edging higher this morning after the DJIA and S&P 500 hit record highs on Friday. European stocks are mixed this morning with ongoing Brexit talks. Earnings season is in full swing with a busy schedule over the next couple weeks. Asian stocks ended mixed.
Technicals
The SPY (NYSE:SPY) traded into record highs throughout Friday’s session along with the DJIA. Support will lie at the low of Friday’s range $244.31, followed by Thursdays low of $243.3, the 20 EMA at $242.90, then gap fill at $242.55. Support continues at the 50 SMA at $241.84, followed by $240.85, and the near term support pivot at $240.65. Resistance will lie at the high of Friday’s range at $245.97, followed by ascending resistance at $246.30.
Small Cap Watch List
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**Others On Watch**
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Economic Calendar
0830 ET Empire State Mfg Survey
Notable Earnings Before Open
None
Notable Earnings After Close
Netflix (NASDAQ:NFLX) – Est EPS $0.16
Select Comfort Corporation (NASDAQ:SCSS) – Est EPS $0.05