Hot Stocks To Watch 3/20/2019

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Wednesday March 20, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are flat and European shares are slightly lower in early trading. Investors will be watching the Fed announcement today at 2PM Est. for any change in rates or balance sheets moving forward. Asian markets settled the session mixed.

Technicals

The SPY traded higher through most of yesterday’s session, but dropped to the $281.2 pivot area in the afternoon on discouraging China trade news. Support will first found at the $281.2 pivot, followed by the 20EMA at $278.50, the $275.5 pivot and the 200SMA at $275.15, then pivot low of $272.42, $270, and the 100SMA at $267.95. Resistance first lies at $286.6 and $288.8

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**

FDX, AMD, VIAB

 

Economic Calendar

10:30  Weekly EIA Petroleum Status Report

 2:00  FOMC Meeting Minute Release

 2:30  Fed Chair Press Conference

 

Notable Earnings Before Open

General Mills (GIS) – EPS Est. $0.69

 

Notable Earnings After Close

Micron Technology (MU) – EPS Est. $1.67

Williams-Sonoma (WSM) – EPS Est. $1.97

 

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