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

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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 mike@warriortradingnews.com 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.

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