Economic Calendar & Watch List
Morning Notes
US Futures and European stocks are higher this morning in early trading on optimism with US tax reform. European gains were limited due to the ongoing political crisis in Spain. Japan’s Nikkei continued its winning streak closing at all time highs for the 15th day. Asian stocks closed mostly higher to start the week.
Technicals
The SPY (NYSE:SPY) gapped higher to open Friday’s session then continued its run, posting more new all time highs. Support will lie at the low of Friday’s range and gap entry at $256.42, followed by gap fill at $255.82, then $254.37, $253.98, the 20EMA at $253.62, then $253.65, $253.20, $252.56, $252.23, the former ascending resistance at $251.50, then $251.30, and the recent pivot at $250.15. Resistance will lie at record highs of $257.14.
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**
Seagate Technology PLC (NASDAQ:STX),
General Electric Company (NYSE:GE)
Economic Calendar
NONE
Notable Earnings Before Open
Seagate Technology (NASDAQ:STX) – EPS Est. $0.86
Hasbro (NASDAQ:HAS) – EPS Est. $1.97
Notable Earnings After Close
Whirlpool (NYSE:WHR) – EPS Est. $3.90