Friday December 16, 2016
Economic Calendar & Watch List
US Futures are tracking slightly higher this morning while European stocks trade at near 12 month highs and Asian stocks closed mostly mixed.
The SPY consolidated further throughout yesterday’s session while trading on strong relative volume. Support will lie at the low of yesterday’s range at $225.89, followed by $225.41, $224.26, and $221.38. Resistance will lie at the high of yesterday’s range at $227.81, followed by $228.23 and record highs at $228.34.
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**
8:30 November housing starts expected -7.0% to 1.23M
8:30 November building permits expected -1.6% to 1.24M
Notable Earnings Before Open
Notable Earnings After Close