Friday February 15, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are higher and European shares are flat in early trading. Markets were volatile in yesterday’s session following economic data, remarks on US/China trade talks and budget talk. Investors are also wary of the global economic slowdown as US and Chinese markets continue to show signs of weakening. Asian markets settled the session mixed.
Technicals
The SPY gapped below the 200SMA to start yesterday’s session then rallied to the $275 resistance only to close back at the 200SMA. Support is first found at the 200SMA of $274.17, followed by $270, the 100SMA at $269.18, then the 20EMA at $268.7, 268, 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**
NWL, XPO, NVDA, LOGM
Economic Calendar
8:30 Empire State Manufacturing Survey
8:30 Import/ Export Prices
9:15 Industrial Production
9:55 Fed Pres. Bostic Speaks
10:00 Consumer Sentiment
Notable Earnings Before Open
Deere & Company (DE) – EPS Est. $1.8
Newell Brands (NWL) – EPS Est. $0.41
Notable Earnings After Close
NONE
