Economic Calendar & Watch List 6/16/2017

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Friday June 16, 2017


Economic Calendar & Watch List



Morning Notes

US Futures are tracking slightly higher this morning led by strength in energy producing stocks as the price of crude trades higher by +.60%. European stocks are trading higher ahead of Sunday’s second round of elections where candidate Macron is expected to make a strong push. Asian stocks closed mostly mixed.



The SPY tested the 20 EMA on weakness early in yesterday’s session then edged back higher throughout the remainder of the day to close out just off the intraday highs. Support will lie at the low of yesterday’s range at $242.36, followed closely by the 20 EMA at $242.31, $241.95, $241.64, the near term support pivot at $240.65, then $239.93, $239.51, $238.82, and the 50 SMA at $239.12. Resistance will lie at the high of yesterday’s range at $243.91, followed by $244.87, and the record highs at $245.01.


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**

Nothing has presented a viable technical setup as of yet. Join us live in chat for the latest updates and alerts!



Economic Calendar

8:30 May housing starts expected +3.9%

8:30 May building permits expected +1.7%

10:00 Preliminary June University of Michigan U.S. consumer sentiment expected -0.1

12:45 Dallas Fed President Robert Kaplan speaks


Notable Earnings Before Open



Notable Earnings After Close


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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.