Tuesday April 16, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Investors continue to watch earnings as the season kicks off with banks and media giant NFLX reporting tonight. Asian markets settled the session higher.
Technicals
The SPY consolidated near the recent highs yesterday, testing and holding the $289.4 level. Support will first be found at $289.4, then $288.8, $287, followed by the $286.6 pivot, the 20EMA at $285.49, $281.2, the pivot and 200SMA at $276.05, $275.50, $272.42, then the pivot and 100SMA at $270. Resistance first lies at $293.2 and $294
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**
IP
Economic Calendar
8:55 Redbook
9:15 Industrial Production
2:00 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
Bank Of America (BAC) – EPS Est. $0.65
UnitedHealth (UNH) – EPS Est. $3.60
Johnson & Johnson (JNJ) – EPS Est. $2.03
Notable Earnings After Close
Netflix (NFLX) – EPS Est. $0.57
International Business Machines (IBM) – EPS Est. $2.21
CSX (CSX) – EPS Est. $0.91
United Continental Holdings (UAL) – EPS Est. $0.94