Hot Stocks To Watch 10/17/2018

1653

Wednesday October 17, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are lower in early trading. Markets had a strong positive move in yesterday’s session and now taking a pause as investors wait to see insight from the FOMC minutes into future rate hikes. European automakers are lower after new car registrations dropped over 20%. Asian markets settled the day mixed.

 

Technicals

The SPY rebounded in yesterday’s session reclaiming the 200SMA pushing higher though the day and testing the $280 pivot area. Support is first found at the $280 pivot, followed by the 200SMA of $276.40, $272, $270, $268.43, and $267.76. Resistance first lies at the 100SMA $282.12, the 20EMA at $284.41 the pivot at $286.7, $293.22, then all time highs of $293.94.

 

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**

 

NFLX, IBM, UAL

 

Economic Calendar

 8:30  Housing Starts

12:10  Fed Pres. Brainard Speaks

 2:00  FOMC Meeting Min. Released

 

Notable Earnings Before Open
NONE

 

Notable Earnings After Close

Alcoa (AA) – EPS Est. $0.25

United Rentals (URI) – EPS Est. $4.54

 

NO COMMENTS