Hot Stocks To Watch 1/7/2019

0
142

Monday January 7, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are flat in early trading. Markets are taking a pause following Friday’s run on a strong Jobs report.  The US and China are starting their 2 day trade talk in China today. Investors will be watching the tech sector with CES starting. Asian markets settled the session mostly higher.

Technicals

The SPY had a strong rally to end the week on Friday closing just below the 20EMA. Support is first found at $250, $248, $242, $240, followed by $235, $231.95, $228.56 pivot and ascending support at $219.5. Resistance first lies at $253 and the 20EMA, $254.50 and $260. It continues with $263, $265, $268, $270, and the 200SMA at $273.99.

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**

PCG, SAGE

Economic Calendar

10:00  ISM Non-Manufacturing Index

12:40  Fed Pres. Bostic Speaks

Notable Earnings Before Open

NONE

Notable Earnings After Close

NONE



NO COMMENTS

LEAVE A REPLY