Economic Calendar and Watch List
Morning Notes
US Futures are trading at more record highs this morning while European stocks trade higher by +0.40% after Eurozone Markit PMI for February grew at the quickest rate since 2014. The price of crude is trading at 2 week highs by up over +1.6%, boosting energy producing stocks. Asian stocks closed mostly higher.
Technicals
The SPY (NYSE:SPY) pushed higher throughout Friday’s session into the holiday weekend and is gapping up to new record highs. Support will lie at the high of Thursday’s range at $235.16, followed by the high of Friday at $235.09, then the low of Friday’s range at $233.95. There is no nearby resistance at this time.
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
8:50 Minneapolis Fed President Neel Kashkari
9:45 Feb Markit manufacturing PMI expected +0.3
12:00 Philadelphia Fed President Patrick Harker
3:30 San Francisco Fed President John Williams
Notable Earnings Before Open
Advance Auto Parts Inc (NYSE:AAP) – EPS Est. $1.09
EXACT Sciences (NASDAQ:EXAS) – EPS Est. -$0.39
Home Depot (NYSE:HD) – EPS Est. $1.33
Lumber Liquidators (NYSE:LL) – EPS Est. -$0.31
Macy’s (NYSE:M) – EPS Est. $1.96
Sohu.com (NASDAQ:SOHU) – EPS Est. -$2.08
Wal-Mart (NYSE:WMT) – EPS Est. $1.29
Notable Earnings After Close
First Solar (NASDAQ:FSLR) – EPS Est. $0.96