Hot Stocks To Watch 3/9/2018

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Friday March 9, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures are flat and  European stocks are slightly lower in early trading. Pres. Trump has imposed tariffs on steel and aluminum, excluding Mexico and Canada. Investors are now going to be watching for retaliatory moves from impacted countries, possibly sparking a trade war. Global markets are receiving a boost from the news of a possible meeting between Pres. Trump and N. Korean leader Kim Jong Un. Asian stocks settled mostly higher to end the week.

 

Technicals

The SPY held above both the 20EMA and the pivot at $273 throughout yesterday’s session. Support will first lie at the $273 pivot, followed by the 20EMA at $272.14, then the critical pivot of $270, then $267.61, the 100SMA at $267.05, last Friday’s low at $264.82, then pivots at $264.30, $263.31, $261.66, ascending support at $259.90, and the 200SMA at $256.61. Resistance will lie at the $275.45 pivot, followed by $278.92, $280, $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**

WYNN, FNSR

Economic Calendar

 8:30  Non-Farm Payrolls

12:45  Fed Pres. Evans Speaks

 1:00  Baker-Hughes Rig Count

 

Notable Earnings Before Open

Big Lots, Inc. (BIG) – EPS Est. $2.42

 

Notable Earnings After Close

NONE

 

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