Tuesday December 20, 2016
Economic Calendar & Watch List
US Futures are pointing slightly higher this morning while European stocks are also trading higher after Japan boosted its 2017 GDP outlook. The price of crude is edging higher as well this morning by +.5% giving energy producing stocks a lift. Asian stocks closed mostly mixed.
The SPY consolidated further on lighter volume and traded in a tight range throughout yesterday’s session. Support will lie at the low of yesterday’s range at $225.08, followed by $224.67, $224.26, and $221.28. Resistance will lie at the high of yesterday’s range at $226.02, followed closely by $226.08, then $227.81 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**
Notable Earnings Before Open
Notable Earnings After Close