Economic Calendar And Watch List 12/21/2016
Warrior Trading | Dec 22, 2016 12:09AM ET
Morning Notes
US Futures are relatively flat this morning while European stocks drift lower amidst light holiday trading. The price of crude is edging higher this morning after API data late yesterday showed a drop in inventories last week. Asian stocks closed mostly mixed.
Technicals
The SPY (NYSE:SPY) pivoted back higher in yesterday’s session after several days of consolidation. Support will lie at the low of yesterday’s range at $225.88, followed by $225.08, $224.67, and $224.26. Resistance will lie at the high of yesterday’s range at $226.57, followed by $227.81 and record highs at $228.34.
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**
The Finish Line Inc (NASDAQ:FINL)
Nike Inc (NYSE:NKE)
10:00 November existing home sales expected -1.8%
10:30 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
Accenture (NYSE:ACN) – EPS est. $1.49
Finish Line – EPS est. ($0.18)
Notable Earnings After Close
Bed Bath & Beyond (NASDAQ:BBBY) – EPS est. $0.99
Micron Technology (NASDAQ:MU) – EPS est. $0.28
Red Hat (NYSE:RHT) – EPS est. $0.58
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