Thursday December 27, 2018
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are slightly lower in early trading. Markets posted the largest single day rally in yesterday’s session. Investors are optimistic with ongoing talks between the US and China and a meeting scheduled to take place in January. European markets are lower following the holiday break with concerns regarding economic growth and Brexit. Asian markets settled the session mixed.
Technicals
The SPY rallied in yesterday’s session through the important $240 pivot level. Support is first found at $240, followed by $235, $231.95, $228.56 pivot and ascending support then $219.5. Resistance first lies at $242, $245, $248, followed by $250, $253, $254.50, the 20EMA at $257.10 and $260. It continues with $263, $265, $268, $270, the 200SMA at $274.74 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
8:30 Weekly Unemployment Claims, expecting 217k
10:00 Consumer Confidence
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
