Economic Calendar And Watch List 8/30/2017
Warrior Trading | Aug 30, 2017 09:02AM ET
Morning Notes
US Futures and European shares are higher this morning after tensions ease over North Korea latest missile launch. Over 18% of the US refining capacity has been taken offline by Hurricane Harvey, however West Texas crude prices have dropped since landfall of the storm. Asian stocks settled mostly higher.
Technicals
The SPY (NYSE:SPY) opened sharply lower to fill the recent gap and rallied throughout yesterday’s session to find resistance at Monday’s highs and close back above the 50EMA. Support will lie at the low of yesterday’s range at $242.93, followed by the 100SMA at $242.13, then $241.83, $240.85, and the recent support pivot at $240.65.
Resistance will lie at the high of yesterday’s range at $245.15, then the recent swing high pivot at $245.62, followed by $246.60, ascending resistance at $248.44 and record highs at $248.91.
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
0830 GDP, expected 2.8%
1030 EIA Weekly Petroleum Status Report
Notable Earnings Before Open
NONE
Notable Earnings After Close
Ctrip.com (NASDAQ:CTRP): EPS Est. $0.20
Workday Inc (NYSE:WDAY): EPS Est. $-0.39
Five Below Inc (NASDAQ:FIVE): EPS Est. $0.29
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