Economic Calendar & Watch List 4/10/2017

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Monday April 10, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are edging slightly higher this morning while European markets have slipped into the negative. As we move into the short trading week in the US, markets await global economic data from the US, UK, and Asia that will help gauge the current state of global affairs. US markets are closed for Good Friday, April 14. Asian markets settled mostly lower.

 

Technicals

The SPY traded relatively flat throughout Friday’s session testing the 20 day EMA to then close back below. Support will lie at the low of Friday’s range, also a recent pivot, at $234.50, which also coincides with the 50 day SMA at $234.54.Then, $233.91, $233.14, $231.61, $230.62, $229.56, $229.39, $228.31, $228.10 and the 100 day SMA at $229.35. Resistance will lie at the 20 day EMA at $235.44, followed by the high of Friday’s range at $236, then $237.39 and $237.61. New short term descending resistance falls at $237.60, followed by the remaining levels of resistance at $237.97, $238.10, $239.20, $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**

NONE

Economic Calendar

10:00 Labor Market Conditions Index

1:00 Treasury Auction

4:00 Fed Chair Janet Yellen speaks

 

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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