Hot Stocks To Watch 10/4/2017

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Wednesday October 4, 2017


Economic Calendar & Watch List

Morning Notes

US Futures are slightly down premarket after pushing record highs on Tuesday due to an unexpected rise in gasoline supplies that rose +4.91 million bb. European markets are down as well following some disappointing retail economic data along with the increasing tensions for Catalonia’s independence. Asian markets were mixed with China, Taiwan and South Korea markets closed for holiday.

Technicals

The SPY continued its rally yesterday with all-time highs peaking at $252.89 but have since come off and are currently trading around the $252.65 range. Support will continue at $252, yesterday’s low at $252.23, followed by $251.23, then $248.87, $248.07 and $248.02 which will continue to act as a major pivot point. Support continues at $246.23, and $244.95. Resistance will lie at record highs at $252.89.

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

8:15am EST ADP Employment Report

9:45am EST PMI Services Index

10:00am EST ISM Non-Mfg Index

10:30am EST EIA Petroleum Status Report

3:15pm EST Janet Yellen Speaks

Notable Earnings Before Open

PepsiCo, Inc (PEP) – EPS Estimates $1.42

Monsanto Co. (MON) – EPS Estimates $(0.38)

Notable Earnings After Close

NONE

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