Hot Stocks To Watch 2/4/2019

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Monday February 4, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are flat and European shares are mixed in early trading. Markets pushed higher early on Friday following a unexpectedly strong Jobs report. Investors have also been reacting positively to Pres. Trumps comments that there is a good chance the US and China will make a trade deal. Many Asian markets are closed for holiday with the remaining settling the session mixed.

Technicals

The SPY continued to consolidate around the $270 pivot. Support is first found at $268, $265, $263 and the 20EMA at $262.80, followed by $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $270, then the 100SMA at $270.78 and the 200SMA at $273.89.

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**

SPY, AMZN, FB

Economic Calendar

10:00  Factory Orders

 7:30  Fed Pres. Mester Speaks

 

Notable Earnings Before Open

Sysco (SYY) – EPS Est. $0.72

 

Notable Earnings After Close

Alphabet (GOOGL) – EPS Est. $11.08

Seagate Technology (STX) – EPS Est. $1.27



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