Wednesday January 30, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are both higher in early trading. Tech is helping boos the markets this morning as AAPL beat on earnings relieving some concern of investors. The Fed will be in focus as they announce any rate changes at 2pm. No change is expected. Asian markets settled the session mostly lower.
Technicals
The SPY consolidated around the $263 support level in yesterday’s session. Support is first found at $263 and the $260 pivot/ 20EMA, followed by $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $265, $268, $270, then the 100SMA at $271.36 and the 200SMA at $273.87.
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**
T, BA, AMD, AAPL
Economic Calendar
8:30 GDP, exp. 2.6%
2:00 FOMC Meeting Announcement
2:30 Fed Chair Press Conference
Notable Earnings Before Open
Alibaba Group (BABA) – EPS Est. $1.36
Boeing (BA) – EPS Est. $4.52
McDonald’s (MCD) – EPS Est. $1.90
Anthem, Inc. (ANTM) – EPS Est. $2.20
Notable Earnings After Close
Facebook (FB) – EPS Est. $2.17
Microsoft (MSFT) – EPS Est. $1.09
QUALCOMM (QCOM) – EPS Est. $0.91
Tesla (TSLA) – EPS Est. $2.08
