Hot Stocks To Watch 12/26/2018

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Wednesday December 26, 2018

Economic Calendar & Watch List

Morning Notes

US Futures are slightly higher in early trading with European markets closed for the extended holiday. Markets are pausing from their recent decline following comments from Pres. Trump expressing his confidence in the strength of the US economy. Investors still remain cautious regarding US/China trade relations and the ongoing government shutdown. Asian markets settled the session mixed.

Technicals

The SPY entered bear market territory in Monday’s session hitting the 20% drop mark from the 52 week highs. Support is first found at $231.95, followed by $228.56 then $219.5. Resistance first lies at $236, $240.5, $242, $245, $248, followed by $250, $253, $254.50, $260, then $263. It continues with the 20EMA at $258.25, $265, $268, $270, the 200SMA at $274.90 and $275.5 pivot.

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**

 

Economic Calendar

 8:55  Redbook

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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