Tuesday April 30, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are slightly lower in early trading. There is some weakness in global markets as China reported weak manufacturing data and lower than expected numbers in GOOGL revenue. Investors will be watching AAPL tonight as they report earnings for Q1 2019. Asian markets settled the session mixed.
Technicals
The SPY continued higher in yesterday’s session posting new all time highs. Support will first be found at $293.2, then the 20EMA and pivot at $289.4, $288.8, $286.6, $281.2, and the 200SMA at $276.83. Resistance lies at all time highs of $294.45
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**
PRGO, NXPI, CGNX
Economic Calendar
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Consumer Confidence
Notable Earnings Before Open
McDonald’s (MCD) – EPS Est. $1.73
Pfizer (PFE) – EPS Est. $0.76
General Electric (GE) – EPS Est. $0.09
Shopify (SHOP) – EPS Est. $-0.35
Notable Earnings After Close
Apple (AAPL) – EPS Est. $2.37
Twilio (TWLO) – EPS Est. $-0.24
Advanced Micro Devices (AMD) – EPS Est. $0.02