Hot Stocks To Watch 4/4/2019

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Thursday April 4, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are slightly lower in early trading. US/China trade talks continue today in Washington with President Trump meeting with the Chinese negotiators. TSLA is lower this morning following a 31% sales drop compared to the previous quarter. Asian markets settled the session mixed.

Technicals

The SPY gapped above the $286.6 pivot to start yesterday’s session and closed the day at that level. Support will first found at the $286.6 pivot, then the $281.2 pivot, followed by the 20EMA at $281.50, the $275.5 pivot, the 200SMA at $275.45, then pivot low of $272.42, $270, and the 100SMA at $269.31. Resistance first lies at $288.8 and $289.45.

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**

MU, TSLA

 

Economic Calendar

 8:30  Weekly Unemployment Claims, exp. 216k

 9:00  Fed Pres. Williams Speaks

 1:00  Fed Pres. Harker Speaks

 1:00  Fed Pres. Meister Speaks

 

Notable Earnings Before Open

Constellation Brands (STZ) – EPS Est. $1.71

 

Notable Earnings After Close

NONE

 

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