Economic Calendar And Watch List
US Futures and European stocks are up in early trading ahead of the extended holiday weekend. Investors are awaiting the jobs report to gain insight into the strength of the US economy. UK stocks continue to rise after better than expected manufacturing data. Asian stocks settled higher to end the week.
The SPY (NYSE:SPY) continued its rally for the 3rd consecutive day on higher than average volume. Support will lie at the low of yesterday’s range and gap entry at $246.61, followed by gap fill at $246.32, then the 20EMA at $245.34, the 50SMA at $244.95, then $244.62, $242.93, the 100SMA at $242.36, then $241.83, and $240.85. Resistance will lie at the high of yesterday’s range at $247.77, followed by the ascending resistance at $248.57 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**
0830 Nonfarm Payrolls, estimated 180k
1000 ISM Manufacturing Survey, expected 56.5
1000 Consumer Sentiment, expected 97.4
Notable Earnings Before Open
Notable Earnings After Close
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