Hot Stocks To Watch 10/19/2018

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Friday October 19, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures are higher while European stocks are lower in early trading. Global markets are finding some support as markets in China rebound. Strength in Crude is also helping support levels. European markets are lower after Italian stocks sell off and geopolitical risks continue. Asian markets settled the day mixed.

 

Technicals

The SPY drifted in yesterday’s session closing at the 200SMA support. Support is first found at the 200SMA of $276.49, $275.5, $272, $270, $268.43, and $267.76. Resistance first lies at the 100SMA $282.28, the 20EMA at $283.31 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**

 

EBAY, OZK, PYPL

 

Economic Calendar

10:00  Existing Home Sales

12:00  Fed Pres. Bostic Speaks

12:45  Fed Pres. Kaplan Speaks

 

Notable Earnings Before Open
Honeywell (HON) – EPS Est. $1.99

Procter & Gamble (PG) – EPS Est. $1.09

 

Notable Earnings After Close

NONE

 

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