Hot Stocks To Watch 3/4/2019

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Monday March 4, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are higher in early trading. Global stocks are higher following reports that Pres. Trump and Chinese Pres Xi are near a deal to end the ongoing trade war. It is reported that a deal could be reached as early as the end of the month when the two meet for a summit. Asian markets settled the session mostly higher.

Technicals

The SPY gapped slightly higher to start Friday’s session, backtested and held that level into the close. Looking to gap higher this morning at the $281.2 pivot. Support will first found at the near term support of $276.1 followed closely by the $275.5 pivot, then the 200SMA and 20EMA confluence at $274.71, followed by $270, and the 100SMA at $268.05. Resistance first lies at $281.2 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**

PLCE, ASND, AAPL

 

Economic Calendar

10:00  Construction Spending

 

Notable Earnings Before Open

Children’s Place (PLCE) – EPS Est. $2.11

 

Notable Earnings After Close

Salesforce (CRM) – EPS Est. $0.55

YY (YY) – EPS Est. $1.86

Ctrip.com (CTRP) – EPS Est. $-0.03

 

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