Hot Stocks To Watch 2/19/2019

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Tuesday February 19, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are slightly lower in early trading. US markets had a holiday Monday and are looking slightly lower to open as another round of trade talks between China and the US are scheduled to begin Thursday. Asian markets settled the session mixed.

Technicals

The SPY continued to trade above the 200SMA and the $275.5 pivot in Friday’s sesison. Support is first found at the $275.5 pivot, then the 200SMA at $274.23, followed by $270, the 20EMA at $269.53, then the 100SMA at $269.03, 268, and $265. It continues at $263, $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $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**

ICPT, TSEM, WMT

 

Economic Calendar

 8:50  Fed Pres. Mester Speaks

 

Notable Earnings Before Open

Walmart (WMT) – EPS Est. $1.33

Advance Auto Parts (AAP) – EPS Est. $1.14

 

Notable Earnings After Close

La-Z-Boy (LZB) – EPS Est. $0.55

 

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