Hot Stocks To Watch 4/13/2018


Friday April 13, 2018

Economic Calendar & Watch List


Morning Notes

US Futures and European shares are higher in early trading. Investor fears are starting to subside about a possible trade war after it appears negotiations will take place between the US and China. Strength in the energy sector is also helping propel stocks to the upside. Asian stocks closed mixed to end the week.



The SPY was range bound in yesterday’s session, trading between the 20EMA and the 267 pivot. This morning the SPY is holding above the 20EMA which it retested overnight and is now pushing higher. Support will first lie at the 20EMA at 265.02, followed by $263, and $260, then the 200SMA at $259.47, $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 $267 pivot, 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**


Economic Calendar

 7:30  Fed Pres. Rosengren Speaks

 9:00  Fed Pres. Bullard Speaks

10:00  Consumer Sentiment

10:00  JOLTS

 1:00  Fed Pres. Kaplan speaks

Notable Earnings Before Open

Citigroup (C) – EPS Est. $1.62

J P Morgan Chase (JPM) – EPS Est. $2.28

PNC Financial Services (PNC) – EPS Est. 2.42

Wells Fargo (WFC) – EPS Est. $1.07


Notable Earnings After Close


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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 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.