Economic Calendar And Watch List 4/12/2017
Warrior Trading | Apr 13, 2017 12:54AM ET
Economic Calendar And Watch List
Morning Notes
US Futures are tracking lower this morning amongst continued geopolitical concerns. North Korea warned that if “provoked” they would not hesitate to launch a nuclear missile. European stocks are trading at weekly highs while Asian stocks closed mostly mixed.
Technicals
The SPY (NYSE:SPY) initially sold off in yesterday’s session but made a strong recovery to close out the day just off highs. Support will lie at the 50 day SMA at $234.79, followed closely by the low of yesterday’s range at $233.34 and $233.14. Then, $231.61, $230.62, and the 100 day SMA at $229.71. Resistance will lie at the the high of yesterday’s range at $235.18, followed by the 20 day EMA at $235.40, then the recent pivot point at $236.30. New short term descending resistance falls at $237.30, 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**
TSCO (NASDAQ:TSCO)
NBIX (NASDAQ:NBIX)
Economic Calendar
8:30 March import price index expected -0.2%
10:30 EIA Weekly Petroleum Status Report
2:00 March monthly budget statement expected -$167B
Notable Earnings Before Open
Delta Air Lines (NYSE:DAL) – EPS Est. N/A
Fastenal (NASDAQ:FAST) – EPS Est. $0.46
Notable Earnings After Close
NONE
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