Friday February 17, 2017
Economic Calendar & Watch List
US Futures are trading lower again this morning while European stocks trade lower by -.40% on French election woes which sparked moderate selling. Asian stocks closed predominantly lower.
The SPY tested Wednesday’s highs throughout yesterday’s session and closed slightly lower. Support will lie at the low of yesterday’s range at $233.85, followed by $233.39, $232.16, $231.77, $230.62, and $229.56. Resistance will lie only at the high of yesterday’s range at $235.16.
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**
10:00 January leading indicators expected +0.5%
Notable Earnings Before Open
Campbell Soup (CPB) – EPS Est. $0.88
Cooper Tire (CTB) – EPS Est. $0.94
Deere & Co. (DE) – EPS Est. $0.54
Fannie Mae (FNMA) – EPS Est. $0.45
J. M. Smucker (SJM) – EPS Est. $2.00
Notable Earnings After Close