Thursday February 14, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are lower and European shares are higher in early trading. Disappointing economic data is pushing US markets lower this morning. Still, investors remain optimistic on negotiations that are ongoing between China and the US. Asian markets settled the session mixed.
Technicals
The SPY gapped higher to start yesterday’s session and held those highs above the 200SMA consolidating near that 275.5 resistance. Support is first found at the 200SMA of $274.12, followed by $270, the 100SMA at $269.37, then the confluence at $268 with the 20EMA, and $265. It continues at $263, $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $275.5, $281 and $286.6.
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**
NTAP, CYBR, GOOS, CSCO
Economic Calendar
8:30 Weekly Unemployment Claims, exp. 225k
8:30 Retail Sales
8:30 Producer Price Index
11:00 Fed Pres. Harker Speaks
Notable Earnings Before Open
Canada Goose (GOOS) – EPS Est. $0.58
Coca-Cola (KO) – EPS Est. $0.43
CyberArk (CYBR) – EPS Est. $0.59
Notable Earnings After Close
NVIDIA (NVDA) – EPS Est. $0.74
Arista Networks (ANET) – EPS Est. $2.07
Canopy Growth (CGC) – EPS Est. $-0.15
CBS (CBS) – EPS Est. $1.53
