Hot Stocks To Watch 11/16/2018

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Friday November 16, 2018

Economic Calendar & Watch List

Morning Notes

US Futures and European stocks are lower in early trading. The tech sector is leading the markets lower today as NVDA posted some disappointing earnings last night. Yesterday markets climbed higher on optimism of a trade deal with China. However, that was dampened with a statement from US Comm. Sec. Ross that tariffs were still expected to be implemented in January. Asian markets settled the session mixed.

Technicals

The SPY continued to trade below the 20EMA in yesterday’s session and reclaimed the $270 pivot level. 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 of $274.53, followed by the $275.5 pivot, then the 200SMA at $275.80, the $281 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**

 

NVDA, AMD, AMAT

Economic Calendar

 9:15  Industrial Production

11:30  Fed Pres. Evans Speaks

 

Notable Earnings Before Open

Viacom (VIAB) – EPS Est. $0.95

Notable Earnings After Close

NONE

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