Friday March 17, 2017
Economic Calendar & Watch List
US Futures are relatively flat this morning while European stocks trading higher led by strength in the financial sector. Markets are awaiting the results of the G20 meeting that begins today in Germany as well as the results from the meeting between President Trump and German Chancellor Merkel. Asian stocks closed mostly mixed.
The SPY pulled off its Wednesday’s highs throughout yesterday’s session yet still managed to hold the overall move higher. Support will lie at the low of yesterday’s range at $238.10, followed by the new near term support pivot at $237.29, then $236.19, $235.74, $235.41, and $235.09. Resistance will lie at the high of yesterday’s range at $239.20, followed by $239.44, $239.57 and record highs at $240.32.
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**
9:15 February industrial production expected +0.2%
10:00 Preliminary March University of Michigan U.S. consumer sentiment index expected +0.7
10:00 February leading indicators expected +0.5%
Notable Earnings Before Open
Tiffany & Co. (TIF) – EPS Est. $1.38
Notable Earnings After Close