Hot Stocks To Watch 6/26/2018

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Tuesday June 26, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures are flat and European shares are up slightly this morning. Markets tumbled in yesterday’s session. The US indicated potential restrictions on Chinese investment in which helped fuel the selloff globally. European shares found some strength today with a rise in Greece’s long term credit rating to a B+ from a B. Asian markets settled the day mixed.

 

Technicals

The SPY broke down from its consolidation period in yesterday’s session, testing and finding support at its 100SMA and the $270 pivot on increased volume. Support will first lie at the 100SMA  and the $270 pivot, followed by the $267 pivot, the 200SMA at $266.12. 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 $274 swing high pivot area, then the $275.5 pivot and the 20EMA at $274.83, followed by 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**

AAPL, NFLX, FB (All with market action)

Economic Calendar

 8:55  Redbook

10:00  Consumer Confidence

 1:00  Fed Pres. Bostic Speaks

 1:45  Fed Pres. Kaplan Speaks

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE