Hot Stocks To Watch 6/15/2018

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Friday June 15, 2018

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European are down this morning on tariff news. Markets are reacting due to President Trump signed off on $50b in tariffs on Chinese goods and is reported to have another $100b ready to be signed if China retaliates against the initial tariffs. Asian markets settled mostly mixed to end the week.

 

Technicals

The SPY continued to consolidate just below the $280 pivot in yesterday’s session and traded in a constricted range. It is gapping lower this morning on tariff news. Support will first lie at the $275.5 pivot, followed by the $274 swing high pivot area, then the 20EMA at $274.97, the 100SMA  at 270.63, then pivots at $270, $267 and a confluence at $265 with the 200SMA. It continues at the pivots of $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**

GOOS, CAT, ADBE

Economic Calendar

 9:15  Industrial Production

10:00  Consumer Sentiment

 1:30  Fed Pres. Kaplan Speaks

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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