Wednesday January 9, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Trade talks between the US and China have concluded and markets continue to be optimistic on a resolution. Investors will be watching the FOMC minutes release at 2pm. Asian markets settled the session higher.
Technicals
The SPY continued its move higher in yesterday’s session testing and maintaining to hold above the 20EMA. Support is first found at the $254.67, followed by the 20EMA at 253.79, then $253, $250, $248, $242, $240, followed by $235, $231.95, and $228.56. Resistance first lies at $260, $263, $265, $268, $270, and the 200SMA at $273.88.
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**
STZ, SGH
Economic Calendar
8:20 Fed Pres. Bostic Speaks
9:00 Fed Pres. Evans Speaks
11:30 Fed Pres. Rosengren Speaks
2:00 FOMC Minutes Release
Notable Earnings Before Open
Constellation Brands (STZ) – EPS Est. $2.04
Lennar (LEN) – EPS Est. $1.91
Notable Earnings After Close
Bed Bath & Beyond (BBBY) – EPS Est. $0.16
WD-40 (WDFC) – EPS Est. $0.95