Hot Stocks To Watch 2/9/2018

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Friday February 9, 2018

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures trending higher and European stocks are lower in early morning trading. US markets are up after congress passed a 2 year budget bill early this morning to avoid another shutdown. However, weakness in the mining and energy sectors are driving European markets lower and limiting US gains. Signs of higher supplies and production are driving the commodity prices lower. Asian stocks closed mostly lower to end the week.

 

Technicals

The SPY experienced further decline throughout yesterday’s session after a short lived relief move to the 50SMA over the course of Tuesday and Wednesday, selling off on increased volume. Support will first lie at yesterday’s low of $257.59, followed by macro ascending support at $256.90, then pivots at $255.63, $254.30, and the 200SMA at 253.56. Resistance will lie at yesterday’s high of $268.17, followed by the 50SMA at $271.47, then $272.36, the 20EMA at $274.08, a pivot at $275.45, a pivot at $280, then $284.10, and all time highs at $286.63.

 

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**

NVDA, FDX, EXPE

Economic Calendar

 1:00  Baker-Hughes Rig Count

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

 

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