Friday December 28, 2018
Economic Calendar & Watch List
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.
The SPY was consolidating near the $240 support pivot in yesterday’s session and pushed higher into the close. Support is first found at $248, $245, $242, $240, followed by $235, $231.95, $228.56 pivot and ascending support at $219.5. Resistance first lies at $250, followed by $253, $254.50, the 20EMA at $256.24 and $260. It continues with $263, $265, $268, $270, the 200SMA at $274.60 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**
8:30 International Trade In Goods
9:45 Chicago PMI
11:00 Weekly EIA Petroleum Status Report
Notable Earnings Before Open
Notable Earnings After Close