Economic Calendar & Watch List 3/20/2017

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Monday March 20, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are tracking slightly lower this morning while European stocks also trade in the negative by -0.4%. The price of crude slides lower by -1.2% after the Baker Hughes data released on Friday showed US oil rigs at nearly 18 month highs which is weighing on energy stocks. Recent weakness in the dollar and strength in gold can be attributed to President Trump’s administrations comments on restructuring trade with other countries. Asian stocks closed mostly mixed.  

 

Technicals

The SPY pulled drifted back lower throughout Friday’s session, closing out on the lows. Near term support will lie at the low of Friday’s range at $237.03, followed by  $236.19, $235.74, $235.41, and $235.09. Resistance will lie at the high of Friday’s range at $237.97, followed by  $238.10, $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**

$ESPR

Economic Calendar

8:30 February Chicago Fed national activity index

11:00 USDA weekly grain export inspections

1:10 Chicago Fed President Charles Evans

 

Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at mike@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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