Hot Stocks To Watch 1/31/2019

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Thursday January 31, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are flat and European shares are higher in early trading. Markets were higher yesterday following the dovish comments from the FOMC in the afternoon of yesterday’s session. Asian markets settled the session mostly higher.

Technicals

The SPY broke through the $265 resistance level then tested and closed the session near the $268 level. Support is first found at $265, $263 and the 20EMA at $261.20, followed by $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $268, $270, then the 100SMA at $271.14 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**

FB, X, MA, GE

Economic Calendar

 8:30  Weekly Unemployment Claims, exp. 220k

 8:30  Personal Income and Outlays

 9:45  Chicago PMI

10:00  New Home Sales

 

Notable Earnings Before Open

United Parcel Service (UPS) – EPS Est. $1.91

Mastercard (MA) – EPS Est. $1.53

Altria (MO) – EPS Est. $0.94

 

Notable Earnings After Close

Amazon.com (AMZN) – EPS Est. $5.55

Symantec (SYMC) – EPS Est. $0.26

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