Hot Stocks To Watch 11/27/2017

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Monday November 27, 2017

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are higher in early trading on positive signs of an economic recovery after spending on Black Friday was a record setting $5B. Today’s Cyber Monday is expected to be even bigger, with over $6B in sales predicted. Asian stocks closed predominantly lower.

 

Technicals

The SPY drifted sideways in Friday’s session on quiet trading for the half day following the Thanksgiving Holiday. Support will lie at a pivot at $260, followed by the ascending resistance channel line and short term pivot at $259.15, followed by the 20 EMA at $257.97, then a pivot at $255.63, the 50SMA at $255.13, a pivot at $254.30, the 100SMA at $250.56, and the ascending support macro channel line at $250.20. Resistance will lie at the all time highs at $260.48.

 

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**

SQ

Economic Calendar

10:00 October new home sales expected -6.3% to 625K

10:30 November Dallas Fed manufacturing activity expected -3.6

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

 

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