Tuesday January 8, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Markets are continuing higher on optimism of a potential trade deal while the US and China are engaged in talks. A boost in crude prices is also helping the overall market. Asian markets settled the session mixed.
Technicals
The SPY broke above the major resistance of the 20EMA in yesterday’s session. Support is first found at the 20EMA of 253.5, then $250, $248, $242, $240, followed by $235, $231.95, and $228.56. Resistance first lies at $254.50, $260, $263, $265, $268, $270, and the 200SMA at $273.91.
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**
AMD, ROKU, NFLX, TWLO
Economic Calendar
8:30 International Trade
8:55 Redbook
10:00 JOLTS
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
