Hot Stocks To Watch 4/17/2018

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Tuesday April 17, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European shares are modestly higher this morning in early trading. Markets are higher with good expectations coming into this earnings season. NFLX is helping push the tech sector higher as it outperformed in its earnings, sitting up 7%. Asian stocks settled mostly mixed on the session.

 

Technicals

The SPY traded around its $267 pivot in yesterday’s session and closed the day positive. Support will first lie at the 20EMA at 265.25, followed by the critical pivot at $264.86, then $263, $260, the 200SMA at $259.71, 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 $269.57, 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.

**Others On Watch**

NFLX, GS

Economic Calendar

 8:55  Redbook

 9:15  Industrial Production

 9:15  Fed Pres. Williams Speaks

10:00  Fed Pres. Quarles Speaks

11:00  Fed Pres. Harker Speaks

 1:40  Fed Pres. Evans Speaks

 

Notable Earnings Before Open

Johnson & Johnson (JNJ) – EPS Est. $2.01

UnitedHealth Group (UNH) – EPS Est. $2.92

Goldman Sachs (GS) – EPS Est. $5.67

 

Notable Earnings After Close

International Business Machines (IBM)  – EPS Est. $2.39

CSX Corporation (CSX) – EPS Est. $0.66

United Continental Holdings (UAL) – EPS Est. $0.45

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