Hot Stocks To Watch 1/22/2018

1908

Monday January 22, 2018

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are slightly lower as European stocks trade higher early. After not reaching a spending bill agreement, the US government partially shutdown on Saturday Morning. There is a vote scheduled for 12:00EST today to see if parties can come together. European markets are higher with signs of cooperation within the German government . Asian stocks settled mostly higher to start the week.

 

Technicals

After encountering resistance at previous highs, the SPY set a new high in Friday’s session with increased volume . Support will first lie at $280.09, followed by $276.13, then $274.10, the 20EMA at $273.24, then $272, $270.65, the top of the recent consolidation at $268.80, then the low of the recent consolidation at 267, and the 50SMA at $266.25. Support continues with a short term pivot at $265.82, then ascending support at $265.65, a recent swing low pivot at $262.71, and then pivots at $260.75, $260, and the 100SMA at $259.24. Resistance will lie at all time highs at $280.41.

 

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**

SANM, PETS, WYNN

Economic Calendar

NONE

 

Notable Earnings Before Open
Wynn Resorts (WYNN) – EPS Est. $1.36

 

Notable Earnings After Close

Netflix (NFLX) – EPS Est. $0.41

 

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