Hot Stocks To Watch 11/20/2018

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Tuesday November 20, 2018

Economic Calendar & Watch List

Morning Notes

US Futures and European stocks are lower in early trading. Weakness in the tech and retail sectors are leading markets lower.  AAPL and NVDA are leading the tech sector lower after experiencing decreasing demands for products from a slowing global economy. Investors are still concerned with the US/China trade deal and rising interest rates in this shortened holiday trading week. Asian markets settled the session lower.

Technicals

The SPY remained weak in yesterday’s session encountering resistance at the 20EMA, fading down through the $270 pivot closing the day at the short term ascending support. Support is first found at $265, $261.20, then $259.00 and $254.67. Resistance first lies at the $270 pivot, followed by the 20EMA of $273.95, then the $275.5 pivot, then the 200SMA at $275.78, the $281 pivot area, then the 100SMA at $281.68, $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, MU, SQ, KSS, TGT

Economic Calendar

 8:30  Housing Starts

 8:55  Redbook

 

Notable Earnings Before Open

Target (TGT) – EPS Est. $1.11

Best Buy (BBY) – EPS Est. $0.85

Kohl’s (KSS) – EPS Est. $0.96

Lowe’s (LOW) – EPS Est. $0.97

Notable Earnings After Close

Autodesk (ADSK) – EPS Est. $0.04

Foot Locker (FL) – EPS Est. $0.92

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