Wednesday April 10, 2019
Economic Calendar & Watch List
US Futures and European shares are slightly higher in early trading. Investors will be watching for any major changes with Central Banks as the ECB announces any interest rate decisions and the FOMC releases its March meeting minutes. Asian markets settled the session mixed.
The SPY was lower in yesterday’s session but was able to hold the $287 pivot area. Support will first found at $287, followed by the $286.6 pivot, the 20EMA at $283.63, $281.2, the pivot and 200SMA at $275.70, $275.50, $272.42, $270, and the 100SMA at $269.71. Resistance first lies at $288.8, $289.45 and $293
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 Consumer Price Index
11:50 Fed Pres. Quarles Speaks
2:00 FOMC Meeting Minute Release
7:00 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
Delta Air Lines (DAL) – EPS Est. $0.90
Notable Earnings After Close
Bed Bath & Beyond (BBBY) – EPS Est. $1.11