Hot Stocks To Watch 11/5/2018

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Monday November 5, 2018

Economic Calendar & Watch List

Morning Notes

US Futures and European stocks are lower in early trading. Investors are cautious again that a resolution in the US/ China trade relation may not be as close as was stated on Friday. Eyes are on the Fed, as well, with a stronger than expected jobs report that may speed rate hikes. Asian markets settled lower to start the week.

Technicals

The SPY opened at its 20EMA in Friday’s session, but dropped through the session testing and holding the critical $270 pivot level again. 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 $274.49, the $275.5 pivot, followed by the 200SMA at $276.16, the $280 pivot area, then the 100SMA at $281.66, $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**

 

RACE, AAPL

Economic Calendar

 8:30  Fed Pres. Williams Speaks

10:00  ISM Non-Mfg Index

 7:00p Fed Pres. Kaplan Speaks

Notable Earnings Before Open

Loews (L) – EPS Est. $0.98

Notable Earnings After Close

Marriott International (MAR) – EPS Est. $1.31

Mylan (MYL) – EPS Est. $1.17

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