Hot Stocks To Watch 6/22/2018

1980

Friday June 22, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European are slightly higher in early trading. An increase in crude prices is helping fuel the push higher in the markets. This with a smaller than expected outlook increase in OPEC output levels after their  Asian markets settled the day higher.

 

Technicals

The SPY again tested its $274 support in yesterday’s session and has gapped higher overnight sitting near its $275.5 pivot and 20EMA. Support will first lie at the confluence of the $275.5 pivot and the 20EMA, followed by the $274 swing high pivot area, then the 100SMA  at 270.21, then pivots at $270 and $267, then the 200SMA at $265.86. It continues at the pivots at $265, $256.60, $254.67, and the low of the February sell down at $252.92. Resistance will lie at the gap of $277.5, then $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**

RHT, KMX

Economic Calendar

 8:45  PMI Composite Flash

 

Notable Earnings Before Open

CarMax (KMX)  – EPS Est. $1.22

 

Notable Earnings After Close

NONE

 

NO COMMENTS