Economic Calendar & Watch List
Morning Notes
US Futures and European stocks are slightly lower in early trading but losses are limited with a sharp rise in the price of crude oil. Crude prices rose to their highest levels in 2 years after a corruption crackdown in Saudi Arabia. Asian stocks closed the day mixed.
Technicals
The SPY (NYSE:SPY) exhibited minor weakness in early trading Friday, then rallied through the session encountering resistance at all time highs. Support will lie at the low of Friday’s range at $257.30, followed by $256.19, $255.63, the 20EMA at $255.86, then $253.98, $253.65, $253.20, $252.56, $252.23, the former ascending resistance at $252.19, then $251.30, and the recent pivot at $250.15. Resistance will lie at all time highs at $258.50.
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**
Economic Calendar
12:10 Fed Pres. Dudley Speaks
Notable Earnings Before Open
CVS Health (NYSE:CVS) – EPS Est. $1.49
Sysco (NYSE:SYY) – EPS Est. $0.73
Mylan (NASDAQ:MYL) – EPS Est. $1.21
Notable Earnings After Close
Priceline.com Incorporated (NASDAQ:PCLN) – EPS Est. $34.31
Skyworks Solutions Inc (NASDAQ:SWKS) – EPS Est. $1.64
TripAdvisor Inc (NASDAQ:TRIP) – EPS Est. $0.20
Avis Budget Group Inc (NASDAQ:CAR) – EPS Est. $2.97