Hot Stocks To Watch 4/12/2018

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Thursday April 12, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European shares are modestly higher in early trading. Investors are waiting to see if a decision on military action in Syria will take place. With the tension in the area, crude prices are trading at over a 3 year high. Asian stocks closed mostly lower on the day.

 

Technicals

The SPY again tested its 20EMA and failed to hold that level into the close for yesterday’s session. This morning, the SPY is gapping higher and holding above the 20EMA. Support will first lie at the recent low of $263, followed by the pivot at $260, then the 200SMA at $259.36, $256.60, $254.67, then the swing low at $257.83, and the low of the February sell down at $252.92. Resistance will first lie at the 20EMA and pivot at $265, then the 100SMA at $269.31, followed by $266.70, then the critical pivot at $270, and pivots at $273, $275.5, $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**

BBBY

Economic Calendar

 8:30  Weekly Unemployment Claims, expected 230k

 5:00  Fed Pres. Kashkari Speaks

 

Notable Earnings Before Open

Delta Air Lines (DAL) – EPS Est. $0.73

 

Notable Earnings After Close

NONE

 

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at mike@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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