Hot Stocks To Watch 11/2/2018

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Friday November 2, 2018

Economic Calendar & Watch List

Morning Notes

US Futures and European stocks are higher in early trading. Investors are gaining optimism in the markets after Pres. Trump and Xi talked and it appears that a resolution may come in the US and China trade war. Gains are limited with a drop in AAPL after a weaker than expected Q1 forecast. Asian markets settled higher.

Technicals

The SPY was able to hold its recent push higher again in yesterday’s session testing and holding the $270 pivot level and has tested the 200SMA in premarket. Support is first found at the important $270 pivot, followed by $265, $261.20, then $259.00 and $254.67. Resistance first lies at the 20EMA at $274.76, the $275.5 pivot, followed by the 200SMA at $276.21, the $280 pivot area, then the 100SMA at $281.72, $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**

AAPL, PBYI, OLED

 

Economic Calendar

 8:30  Non Farm Payrolls

 8:30  International Trade In Goods

Notable Earnings Before Open

Alibaba (BABA) – EPS Est. $1.09

Notable Earnings After Close

NONE

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