Thursday December 29, 2016
Economic Calendar & Watch List
US Futures are relatively flat this morning while European stocks trade slightly lower in quiet year end trading. The price of crude is trading lower after API data yesterday afternoon showed an increase in inventories. Asian stocks closed mixed.
The SPY sold off throughout yesterday’s session closing out the day on the lows. Support will lie at the low of yesterday’s range at $224.27, followed by $224.26 and $221.38. Resistance will lie at the high of yesterday’s range at $226.59, followed by $226.73, $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**
8:30 Weekly initial unemployment claims expected -11K to 264K
8:30 November wholesale inventories expected +0.2%
11:00 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
Notable Earnings After Close