Hot Stocks To Watch 11/21/2018

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Wednesday November 21, 2018

Economic Calendar & Watch List

Morning Notes

US Futures and European stocks are higher in early trading. Markets are looking to take a breath after a bearish week with investors concerned about a global economic slowdown. European stocks are higher with decreased geopolitical risk in Italy. A rise in crude prices is also helping markets. Asian markets settled the session mixed.

Technicals

The SPY gapped lower in yesterday’s session then sold through and closed below the $265 support level. This morning, the SPY is looking to open at that $265 pivot. Support is first found at $265, followed by the pivot at $263.16, $261.20, then $259.00 and $254.67. Resistance first lies at the $270 pivot, followed by the 20EMA of $273.01, 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**

NVDA, GPS

Economic Calendar

 8:30  Weekly Unemployment Claims, expected 215k

 8:30  Durable Goods Orders

 

Notable Earnings Before Open

Deere & Company (DE) – EPS Est. $2.44

Notable Earnings After Close

NONE

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