Hot Stocks To Watch 11/19/2018

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Monday November 19, 2018

Economic Calendar & Watch List

Morning Notes

US Futures are lower and European stocks are flat in early trading. Tensions with China continue with Vice Pres. Pence stating that China has choice between “cooperation and confrontation” in regard to trade with the US. AAPL is pulling the tech sector lower after cutting iPhone production numbers. Asian markets settled the session mostly higher to start the week.

Technicals

The SPY continued it’s consolidation below the 20EMA in Friday’s session. 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 $274.46, followed by the $275.5 pivot, then the 200SMA at $275.80, the $281 pivot area, then the 100SMA at $281.70, $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**

MU, PCG, NVDA, AAPL

Economic Calendar

 9:40  Fed Pres. Williams Speaks

11:45  Fed Pres. Williams Speaks

 3:15  Fed Pres. Williams Speaks

 

Notable Earnings Before Open

JD.com (JD) – EPS Est. $0.08

Notable Earnings After Close

Intuit (INTU) – EPS Est. $0.11

L Brands (LB) – EPS Est. $0.15

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