Hot Stocks To Watch 10/12/2017

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Thursday October 12, 2017

Economic Calendar & Watch List

 

Morning Notes

US Futures and European shares are slightly lower this morning led by weakness in crude prices after an unexpected increase in stockpiles. Earnings season has started and a weak report from JPM is also weighing on indexes. European losses were limited with a strong industrial production growth in the Eurozone. Asian stocks closed mostly higher after the Nikkei reached its highest level in 20 years.

 

Technicals

The SPY traded in a constricted range during Wednesday’s session posting another record close. Support will lie at the low of yesterday’s range at $254.32, followed by $253.98, $253.65, $253.20, $252.56, $252.23, the 20EMA at $251.65, then $251.30, the former ascending resistance at $251, and the recent pivot $250.15. Resistance will lie at the record highs of $255.05.

 

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**

DPZ

 

Economic Calendar

8:30    Weekly Unemployment Claims, expected 252k

10:30  Fed Gov. Powell Speaks

10:30  EIA Natural Gas Report

11:00  EIA Petroleum Status Report

9:15    Fed Pres. Bostic Speaks

 

Notable Earnings Before Open

Citigroup (C) – EPS Est. $1.30

Domino’s Pizza (DPZ) – $1.22

JP Morgan Chase (JPM) -$1.67

 

Notable Earnings After Close

NONE

 

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