Hot Stocks To Watch 3/27/2019

254

Wednesday March 27, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are flat in early trading. Investors continue to remain cautious on market strength with the inverted yield curve, which has preceded recessions in the past. This combined with the weakening growth in China and the ongoing negotiations between the US and China in trade is keeping markets on edge. Asian markets settled the session mixed.

Technicals

The SPY gapped higher in yesterday’s session at the $281.2 pivot and was unable to hold that level then retested and held the 20EMA. Support will first found at the 20EMA at $279.49, the $275.5 pivot and the 200SMA at $275.29, then pivot low of $272.42, $270, and the 100SMA at $268.63. Resistance first lies at $281.2, $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**

CNC, C, BAC

 

Economic Calendar

 8:30  International Trade

10:30  Weekly EIA Petroleum Status Report

 7:00  Fed Pres. George Speaks

 

Notable Earnings Before Open

Lennar (LEN) – EPS Est. $0.75

Paychex (PAYX) – EPS Est. $0.89

 

Notable Earnings After Close

Lululemon (LULU) – EPS Est. $1.74

Five Below (FIVE) – EPS Est. $1.57

 

NO COMMENTS

LEAVE A REPLY