Hot Stock Sto Watch 5/8/2018


Tuesday May 8, 2018

Economic Calendar & Watch List


Morning Notes

US Futures and European shares are down this morning. Crude oil prices are dropping and weighing on global markets ahead of the 2 PM announcement from Pres. Trump on Iran. He will announce his decision on weather or not to reinstate sanctions on Iran, thus dropping their exports of oil. Asian markets closed mostly higher on the session.



The SPY struggled at the 267 pivot in yesterday’s session and drifted lower into the afternoon. Support will first lie at the 20EMA at $265.47, followed by the 200SMA at $261.49, then pivots at $256.60, $254.67, and the low of the February sell down at $252.92. Resistance will lie at the critical pivots of $267 and $270 which also coincides with the 100SMA, then $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

 8:55  Redbook

10:00  JOLTS Report


Notable Earnings Before Open (JD) – EPS Est. $-0.14

Intercept Pharmaceuticals (ICPT) – EPS Est. $-3.40


Notable Earnings After Close

Walt Disney (DIS) – EPS Est. $1.68

Marriott International (MAR) – EPS Est. $1.25

Electronic Arts (EA) – EPS Est. $0.99

TripAdvisor (TRIP) – EPS Est. $0.04

Twilio (TWLO) – ESP Est. $-0.21