Hot Stocks To Watch 9/29/2017

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Friday September 29, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are down slightly ahead of US economic data that will start coming in at 830am EST. European markets are currently slightly up following record low unemployment numbers out of Germany. Asian markets were mixed as the Shanghai Composite climbed ahead of China’s big Golden Week holiday, which will close markets for the entire week.

 

Technicals

The SPY stayed within yesterday’s range but closed near highs at $250.35, 14 cents off all time highs at $250.49. Support will lie at the low of yesterday’s range at $249.63, followed by $248.87, the 20EMA at $248.69, then $248 which will continue to act as a major pivot point. Below $248, a gap fill down to the 50SMA at $247.12, followed by $246.23, $244.95, and the 100SMA at $244.68. Resistance will lie at record highs at $250.49.

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

Personal Income and Outlays – 8:30am EST

Chicago PMI – 9:45am EST

Consumer Sentiment – 10:00am EST

Baker-Hughes Rig Count 1:00pm EST

Notable Earnings Before Open

NONE

Notable Earnings After Close

NONE

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