Friday April 26, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are flat in early trading. GDP data will be in focus today as data is released at 830 EST. Estimates are for GDP to have grown around 2%. Giant AMZN reported an earnings beat in AH yesterday. Asian markets settled the session mixed.
Technicals
The SPY dipped early in yesterday’s trading session then reclaimed those losses to close flat on the day. Support will first be found at $289.4, then $288.8, the 20EMA at $288.37, $286.6, $281.2, and the 200SMA at $276.67. 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**
INTC, WDC, AAL
Economic Calendar
8:30 GDP
10:00 Consumers Sentiment
Notable Earnings Before Open
American Airlines (AAL) – EPS Est. $0.50
Notable Earnings After Close
NONE
