Thursday January 10, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are lower in early trading. Investors are still concerned with the global economic slowdown as China released data showing prices rising much less than anticipated. Yesterday the Fed announced some dovish signals regarding rate hikes for 2019 in their meeting minute release. Asian markets settled the session lower.
Technicals
The SPY continued to exhibit strength in yesterday’s session, but started to show some signs of a slightly overbought condition. Support is first found at the $254.67, followed by the 20EMA at 254.19, 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**
M, LB, AAL
Economic Calendar
8:30 Weekly Unemployment Claims, expecting 224k
8:35 Fed Pres. Barkin Speaks
12:40 Fed Pres. Bullard Speaks
12:45 Fed Chair Powell
1:00 Fed Pres. Evans Speaks
1:20 Fed Pres. Kashkari Speaks
7:00 Fed Pres. Clarida Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
