Friday March 22, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are mostly lower in early trading. Markets are slightly lower this morning following negative data coming from Europe showing economic activity dropping to its lowest level in 7 years. BA continues to be under pressure with airlines starting to cancel orders of their new MAX aircraft. Asian markets settled the session mostly higher.
Technicals
The SPY exhibited strength, continuing higher through the $281.2 pivot in yesterday’s session. Support will first found at the $281.2 pivot, followed by the 20EMA at $279.36, the $275.5 pivot and the 200SMA at $275.24, then pivot low of $272.42, $270, and the 100SMA at $268.22. 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**
NKE
Economic Calendar
10:00 Existing Home Sales
9:30p Fed Pres. Bostic Speaks
Notable Earnings Before Open
Tiffany & Co. (TIF) – EPS Est. $1.60
Notable Earnings After Close
NONE
