Hot Stocks To Watch – 12/12/2017

1630

Tuesday December 12, 2017

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are mixed this morning in early trading. The FOMC meeting starts today and investors will be scrutinizing the minutes that are released on Wednesday afternoon. Brent crude prices surged to a nearly 3 year high after a major transmission line had to be shut down after a small crack was discovered. Asian stocks closed the day mostly lower.

 

Technicals

The SPY continued to march higher throughout yesterday’s session closing just below all time highs. Support will first lie at $262.71, followed by the 20EMA at $261.97, then $260.75, the recent pivot at $260, a short term pivot at $259.20, the 50SMA at $258.21, a pivot at $255.63 and at $254.30, then the 100SMA at $252.71. Resistance will lie at all time highs at $266.80.

 

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**

GLYC, HMNY

Economic Calendar

8:30  Producer Price Index, expected 0.3%

8:55  Redbook

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

NONE

 

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