Wednesday March 6, 2019
Economic Calendar & Watch List
US Futures and European shares are slightly lower in early trading. Investors continue to watch for new developments in the trade negotiations between the US and China as global markets continue to show a decline in economic growth. Asian markets settled the session mostly lower.
The SPY consolidated around the $279 area in yesterday’s session. Support will first found at the near term support of $276.1 followed closely by the $275.5 pivot confluence with the 20EMA, then the 200EMA at $274.79, $270, the 100SMA at $267.78. 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**
8:30 International Trade In Goods
12:00 Fed Pres. Mester Speaks
12:10 Fed Pres. Williams Speaks
Notable Earnings Before Open
Dollar Tree Stores (DLTR) – EPS Est. $1.53
Notable Earnings After Close