Tuesday April 23, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are slightly lower in early trading. Earnings remain in focus as another wave pour in today. Oil continues higher as markets continue to digest the sanction news for countries that continue to import Iranian oil over the weekend. Asian markets settled the session mixed.
Technicals
The SPY continued its consolidation trend near the recent highs and held the $289.4 pivot in yesterday’s session. Support will first be found at $289.4, then $288.8, the 20EMA at $287, $286.6, $281.2, and the 200SMA at $276.42. 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**
TWTR, LMT, WHR
Economic Calendar
10:00 Existing Home Sales
Notable Earnings Before Open
Twitter (TWTR) – EPS Est. $0.06
Lockheed Martin (LMT) – EPS Est. $4.29
United Technologies (UTX) – EPS Est. $1.75
Procter & Gamble (PG) – EPS Est. $1.04
Notable Earnings After Close
eBay (EBAY) – EPS Est. $0.51
Snap Inc. (SNAP) – EPS Est. $-0.21
