Monday April 29, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Markets continue to grind higher and approach all time highs as earnings season continues. Investors will be watching the FOMC announcement on Wednesday to see if the Fed will continue its dovish sentiment towards interest rates and the US economy. Asian markets settled the session mixed.
Technicals
The SPY continued to remain strong in Friday’s session grinding to new recent highs in the close of the session. 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**
Economic Calendar
8:30 Personal Income and Outlays
Notable Earnings Before Open
Spotify Technology (SPOT) – EPS Est. $-0.37
Notable Earnings After Close
Alphabet (GOOGL) – EPS Est. $10.56
Western Digital (WDC) – EPS Est. $0.23
MGM Resorts (MGM) – EPS Est. $0.16
NXP Semiconductors (NXPI) – EPS Est. $1.25
