Tuesday February 12, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Markets are higher following news that lawmakers may have negotiated an agreement to keep the US Government open. Investors will continue to watch for any developing news coming from the US/China trade negotiations that are taking place now. Asian markets settled the session higher.
Technicals
The SPY gapped higher to start yesterday’s session then traded just above the confluence of the $270 pivot and 100SMA. Support is first found at the 100SMA and $270 confluence, then $268, followed by the 20EMA at $266.66 and $265. It continues at $263, $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at the 200SMA at $274, 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**
EA,
Economic Calendar
8:55 Redbook
10:00 JOLTS Report
12:45 Fed Chair Powell Speaks
5:30 Fed Pres. George Speaks
6:30 Fed Pres. Mester Speaks
Notable Earnings Before Open
Shopify (SHOP) – EPS Est. $0.20
Under Armour (UAA) – EPS Est. $0.04
Notable Earnings After Close
Activision Blizzard (ATVI) – EPS Est. $1.29
Twilio (TWLO) – EPS Est. $0.04
