Economic Calendar and Watch List
Morning Notes
US Futures and European markets are quiet this morning as investors digest the the German voting results which left much uncertainty on the table for the political future of Europe’s largest economy. Asian stocks closed mostly lower.
Technicals
The SPY (NYSE:SPY) support will lie at the low of Friday’s range at $249.02, followed by $248.92, $248.57, the 20EMA at $248.24, gap entry at $248.02, gap fill at $247.11, the 50SMA at $246.83, then $246.23, $244.95, $244.62, and the 100SMA at $244.26. Resistance will lie at the high of Friday’s range at $249.63, followed by $249.98, $250.19 and record highs at $250.32.
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**
GPC (NYSE:GPC)
TSLA (NASDAQ:TSLA)
ICPT (NASDAQ:ICPT)
Economic Calendar
8:30 August Chicago Fed national activity index expected -0.24 to -0.25
8:30 New York Fed President William Dudley speaks
10:30 September Dallas Fed manufacturing activity expected -5.5 to 11.5
11:00 USDA weekly grain export inspections
12:40 Chicago Fed President Charles Evans speaks
Notable Earnings Before Open
Ascena Retail Group Inc (NASDAQ:ASNA): EPS Est. -0.03
Notable Earnings After Close
NONE