Economic Calendar: Labor Market On Tap

Published 07/11/2016, 09:53 AM
Updated 05/14/2017, 06:45 AM

Morning Notes

US Futures are tracking higher as markets approach all time highs. European stocks are trading higher by over +1% while Asian stocks showed strength over night as the Nikkei pushed over 600 points, or 4%, higher along with the Hang Seng moving jumping by over 300 points.

Technicals

SPY

The SPY (NYSE:SPY) surged higher in Friday’s session and closed out just off the intraday highs while also approaching its all time high at $213.78. Support will lie at the low of Friday’s range at $210.78, followed by $210.65, the former macro resistance which now becomes support at $209, $208.63, and the 50 day moving average at $207.79. Resistance will lie at the high of Friday’s range at $212.94, $213.18, $213.34, and $213.78.

Small-Cap Watch List

**Others On Watch**

Economic Calendar

10:00 FOMC Member George Speaks

10:00 Labor Market Conditions

Notable Earnings Before Open

Bank of the Ozarks (NASDAQ:OZRK): EPS Est. $.58, Rev Est. $163.84M

Notable Earnings After Close

Alcoa (NYSE:AA): EPS Est. $.09, Rev Est. $5.2B

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