Hot Stocks To Watch 9/19/2018

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Wednesday September 19, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are flat in early trading. Investors were expecting a harder hit with the newly imposed tariffs in the US/China trade war and markets are not reacting much to the new levied amounts. EU leaders are meeting for an informal summit that may help in the stalled Brexit talks. Asian markets settled the day mostly higher.

 

Technicals

The SPY is continuing to consolidate in a higher range just below the all time highs. Support will continue to lie first at the 20EMA of $288.57, followed by the pivot low of $286.17, the old $285 pivot zone, then gap entry at $283.37, gap fill at $282.54. It continues at the $279.5 pivot, the 100SMA at $278.62, gap entry of $276.5, then gap fill at $275.84, the $275.5 pivot and the 200SMA at $274.32. Resistance is at the new all time highs of $291.74.

 

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**

 

GTHX, CGC

 

Economic Calendar

 8:30  Housing Starts

10:30  Weekly EIA Petroleum Status Report

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

RedHat (RHT) – EPS Est. $0.82

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