Hot Stocks To Watch 8/7/2018

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Tuesday August 7, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are higher in early morning trading. The markets are again pushing higher on what has been a strong Q2 earnings season. Asian markets settled the session mostly higher.

 

Technicals

The SPY continued to exhibit strength in yesterday’s session encountering resistance near that swing high pivot. Support will first lie at the 20EMA of $280.64, followed by the $279.5 pivot, gap entry of $276.5, then gap fill at $275.84, the $275.5 pivot, then the $274 pivot and 100SMA at $272.02. It continues at the pivot at $270, the 200SMA at $269.98,  then pivots at $267, $265, $259.05, $256.60, $254.67, and the low of the February sell down at $252.92. Resistance will first lie at yesterday’s highs of $284.99 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**

 

Z, ONCE, XRAY, TWLO

 

Economic Calendar

 8:55  Redbook

10:00  JOLTS

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

Walt Disney (DIS) – EPS Est. $1.97

Snap Inc. (SNAP) – EPS Est. $-0.32

 

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