Hot Stocks To Watch 11/29/2017


Wednesday November 29, 2017

Economic Calendar & Watch List


Morning Notes

US Futures and European stocks are slightly higher in early trading as the new US tax bill is closer to a vote on the Senate floor. Markets are not seeing much reaction after another ICBM launch by North Korea. Investors will be keeping a watchful eye on Fed Chair Yellen as she is slated to speak at 10:00 AM on the economic outlook. Asian stocks closed mixed on the day.



The SPY exhibited strength in yesterday’s session on a confirmed break outside of the macro channel setting new all time highs on higher than average volume. Support will first lie at $260.75, followed by a recent pivot at $260, then the ascending resistance channel line and short term pivot at $259.20, followed by the 20 EMA at $258.60, then a pivot at $255.63, the 50SMA at $255.61, a pivot at $254.30, the 100SMA at $250.75, and the ascending support macro channel line at $250.35. Resistance will lie at the all time highs at $262.90.


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

8:30  GDP, expected 3.3%

8:30  Fed Pres. Dudley Speaks

10:00  Fed Chair Yellen Speaks

10:30  EIA Petroleum Status Report

 1:50  Fed Pres. Williams Speaks


Notable Earnings Before Open
Tiffany & Co. (TIF) – EPS Est. $0.76


Notable Earnings After Close

Workday (WDAY) – EPS Est. $-0.42

Box (BOX) – EPS Est. $-0.29