Hot Stocks To Watch 1/17/2019

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Thursday January 17, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are lower in early trading. Renewed concern over US/China trade is putting pressure on global markets as the US starts an investigation into the Chinese company Huawei. Investors continue to keep a watchful eye on earnings to gauge the impact the the last quarter of 2018 had on companies. Asian markets settled the session lower.

Technicals

The SPY continued to remain above the $260 pivot level in yesterday’s session. Support is first found at the $260 pivot, followed by the 20EMA at 256.25, then $254.67, $253, $250, $248, $242, $240, followed by $235, $231.95, and $228.56. Resistance first lies at $263, $265, $268, $270, then the 100SMA at $273.38 and the 200SMA at $273.83.

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**

SIG, MS, CSX

Economic Calendar

 8:30  Weekly Unemployment Claims, exp. 221k

 8:30  Philadelphia Fed Bus. Outlook Survey

10:45  Fed Pres. Quarles Speaks

 

Notable Earnings Before Open

Morgan Stanley (MS) – EPS Est. $0.90

Fastenal (FAST) – EPS Est. $0.60

 

Notable Earnings After Close

Netflix (NFLX) – EPS Est. $0.24

American Express (AXP) – EPS Est. $1.18



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