Hot Stocks To Watch 1/8/2018

1865

Monday January 8, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures drifting lower this morning after a straight 4 days of new record highs. European markets are trading slightly higher after Eurozone investor confidence level rose to a 17 year high. Asian stocks settled mostly higher.

 

Technicals

The SPY surged higher again throughout Friday’s session posting more new record highs on  continued momentum. Support will first lie at a pivot at $272, followed by $270.65, the top of the recent consolidation at $268.80, then the 20EMA at $267.45, the low of the recent consolidation at 267, a short term pivot at $265.45, and ascending support at $263.60.  Support continues at the recent swing low pivot and the 50SMA at $262.71, then pivots at $260.75, $260, $259.20, the 100SMA at $256.32, and pivots at $255.63 and $254.30. Resistance will lie at all time highs at $273.56.

 

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**

KSS, STX

Economic Calendar

1:35  Fed Pres. Williams Speaks

4:00  Fed Pres. Rosengren

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

NONE

 

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