Hot Stocks To Watch 10/29/2018

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Monday October 29, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are higher in early trading. A rise in the tech sector is leading markets higher helped in part by RHT’s acquisition by IBM. European markets are being helped by the lack of a credit rating downgrade by S&P for Italy. In addition, European banks are higher after earnings from HSBC showed a 28% increase in profits in the 3rd quarter. Asian markets settled the session mixed.

 

Technicals

The SPY closed the session nearly flat on Friday, still remaining below the $270 pivot level. Support is first found at $265, followed by $261.20, $259.00 and $254.67. Resistance first lies at the critical $270 pivot, then the $275.5 pivot, followed by the 200SMA at $276.40, the 20EMA at $277.43, the $280 pivot area, then the 100SMA at $282.09, $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**

 

FDC, TSLA, IBM

 

Economic Calendar

 8:30  Personal Income and Outlays

 9:45  Fed Pres. Evans Speaks

 

Notable Earnings Before Open
First Data Corporation (FDC) – EPS Est. $0.37

 

Notable Earnings After Close

Mondelez (MDLZ) – EPS Est. $0.61

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