Hot Stocks To Watch 4/16/18

1903

Monday April 16, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European shares are modestly higher this morning on news that Russia will not seek retaliatory efforts after the airstrikes in Syria by the U.S., French and UK. ASian stocks settled mostly mixed.

 

Technicals

The SPY was traded back above the 20EMA early Friday then sold off into the late afternoon yet still closed above the 20EMA. Support will first lie at the 20EMA at 265.15, followed by the critical pivot at $264.86, then $263, $260, the 200SMA at $259.59, then $256.60, $254.67, a swing low at $257.83, and the low of the February sell down at $252.92. Resistance will first lie at the 100SMA at $269.47, followed by the $270 pivot, then 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.

 

Economic Calendar

8:30 Retail Sales

8:30 Empire Business Manufacturing Survey

10:00 Business Inventories

10:00 Housing Market Index

 

Notable Earnings Before Open

Bank of America(BAC) – Eps Est. $0.59

JB Hunt(JBHT) – Eps Est. $1.08

 

Notable Earnings After Close

NONE

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