Hot Stocks To Watch 6/13/2018

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Wednesday June 13, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European are slightly higher this morning. Strength in the technology sector is leading global markets higher today. Investors will be waiting to hear from the Fed this afternoon for plans of interest rate hikes further into this year and insight into the strength of the economy. Asian markets settled mostly mixed on the day.

 

Technicals

The SPY traded in a constricted range on lighter than average volume nearing it’s $280 pivot area. Support will first lie at the $275.5 pivot, followed by the $274 swing high pivot area, then the 20EMA at $273.72, the 100SMA  at 270.70, then pivots at $270, $267 and $265. It continues at the 200SMA at $264.62, then pivots at $256.60, $254.67, and the low of the February sell down at $252.92. Resistance will lie at $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**

HRB

Economic Calendar

 8:30  Producer Price Index

10:30  Weekly Petroleum Status Report

 2:00  FOMC Meeting Announcement

 2:30  Fed Chair Press Conference

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE