Economic Calendar And Watch List 8/8/2017
Warrior Trading | Aug 09, 2017 01:51AM ET
Morning Notes
US Futures are flat this morning while European shares were slightly higher in early trading after an unexpected global trade data report that is casting doubt on the strength global economy. Chinese exports slowed more than expected for July in addition to a drop in German exports. Asian stocks closed mostly lower.
Technicals
The SPY (NYSE:SPY) opened just above the ascending resistance trendline during Monday’s session and exhibited strength through the session closing just below all time highs. Support will lie at the low of Monday’s range at $247.37, followed by $246.97, $246.64, $246.37, the 20 EMA at $246.22, then $246.13, the short term pivot point at $245.70, continued with $244.67, $244.31 and the 50 SMA at $244.29. Further support lies at $243.76, then gap entry at $243.30 and gap fill at $242.55. Resistance will lie at the high of Friday’s range at $247.79 and record highs at $248.
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
0855 Redbook
1000 JOLTS report, expected 5.6m
Notable Earnings Before Open
CVS Health (NYSE:CVS) – EPS Est. $1.31
Transdigm Group Incorporated (NYSE:TDG) – EPS Est. $2.98
Wayfair Inc (NYSE:W) – EPS Est. $-0.69
Kite Pharma (NASDAQ:KITE) – EPS Est. $-1.97
Ralph Lauren (NYSE:RL) – EPS Est. $0.97
Notable Earnings After Close
Walt Disney Company (NYSE:DIS) – EPS Est. $1.53
Priceline Group (PCLN) – EPS Est. $14.27
TESARO Inc (NASDAQ:TSRO) – EPS Est. $-2.52
Acadia Pharmaceuticals (ACAD) – EPS Est. $0.71
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.