Economic Calendar & Watch List
Morning Notes
US Futures are tracking slightly lower this morning while European markets trade higher by +0.45%. US markets await the speeches from Fed Chair Janet Yellen and Fed Vice Chair Stanley Fischer later today. The price of gold is trading at 2 week lows, down -0.40%. Asian stocks closed predominantly lower.
Technicals
The SPY (NYSE:SPY) consolidated throughout yesterday’s session closing out the day on the lows. Support will lie at the low of yesterday’s range at $238.27, followed by $237.31, $236.95, $236.01, $235.41, $235.09, and $233.95. Resistance will lie at the high of yesterday’s range at $239.57, followed by 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**
Costco Wholesale Corporation (NASDAQ:COST)
Nutanix Inc (NASDAQ:NTNX)
Economic Calendar
9:45 Revised February Markit services PMI expected +0.1 to 54
10:00 Feb ISM non-manufacturing PMI expected unchanged at 56.5
10:15 Chicago Fed President Charles Evans speaks
12:15 Fed Governor Jerome Powell speaks
12:30 Fed Vice Chair Stanley Fischer speaks
1:00 Fed Chair Janet Yellen speaks on economic conditions and outlook
Notable Earnings Before Open
Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) – EPS Est. ($0.52)
Big Lots (NYSE:BIG) – EPS Est. $2.22
Notable Earnings After Close
NONE