Hot Stocks To Watch 7/9/2018

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Monday July 9, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are higher in early trading. US markets broke to the upside from the recent consolidation to end the short holiday trading week on positive employment data. European shares are higher after stronger than expected trade data from Germany. Asian markets settled higher on the day with strength in the Chinese markets.

 

Technicals

The SPY broke out from it’s consolidation trend, rising through the 20EMA and encountering resistance at the $275.5 pivot in Friday’s session. Support will first lie at the 20EMA at 273.32, followed by the 100SMA  and the $270 pivot, then the $267 pivot and the 200SMA. It continues at the pivots at $265, $259.05, $256.60, $254.67, and the low of the February sell down at $252.92. Resistance will lie at the $275.5 pivot, 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**

With market, NFLX, FB, AAPL

Economic Calendar

NONE

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

NONE

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