Economic Calendar & Watch List 4/17/2018

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Monday April 17, 2017


Economic Calendar & Watch List


Morning Notes

US Futures are tracking lower this morning on carryover from Thursday’s session as we approach 3 week lows. European markets are closed today amidst the Easter holiday. Asian stocks closed mostly mixed.



The SPY drifted lower throughout Thursday’s session into the Easter holiday closing out on 2 week lows. Support will at the low of Thursday’s range at $232.51, followed by $231.61, $230.62, and the 100SMA at $230. Resistance will lie at the high of Thursday’s range at $234.49, followed by both the 50SMA and 20EMA at $235.02. Then, $234.96, $235.18, and then the recent pivot point at $236.30. Short term descending resistance falls at $237.10, followed by the remaining levels of resistance at $237.39, $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**


Economic Calendar

8:30 Empire State Manufacturing Index Est. 15.2

10:00 NAHB Housing Market Index Est. 70


Notable Earnings Before Open


Notable Earnings After Close
Barracuda Networks (CUDA) – EPS Est. $0.15

Netflix, Inc. (NFLX) – EPS Est. $0.37

United Airlines (UAL) – EPS Est. $0.34

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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 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.