Hot Stocks To Watch 2/8/2019

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Friday February 8, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are lower in early trading. Markets are lower following news that Pres. Trump is not going to meet with Chinese Pres. Xi before the March deadline. Also weighing on markets is the slashing of GDP forecasts by the European Commission and the BOE. Asian markets settled the session lower.

Technicals

The SPY fell below the critical $270 pivot and 100SMA confluence in yesterdays session. Support is first found at $268, followed by the 20EMA at $265.80, and $265. It continues at $263, $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at the 100SMA and $270 confluence, then the 200SMA at $273.92, followed by $275.5 and $281.

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, SKX, EXPE, MAT

Economic Calendar

 1:15  Fed Pres. Daly Speaks

 

Notable Earnings Before Open

Hasbro, Inc. (HAS) – EPS Est. $1.68

 

Notable Earnings After Close

NONE

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