Hot Stocks To Watch 5/15/2015

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Wednesday May 15, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are slightly lower and European markets are higher in early trading. Investors still remain cautious following increased tensions between the US and China in regard to trade. There has been some relief with word that Sec. Mnuchin will soon travel to Bejing to continue the trade negotiations. Asian markets settled the session mostly higher.

 

Technicals

The SPY consolidated in yesterday’s session following the decline that started in the beginning of May. Support will first be found at $280, the 200SMA at $277.28, and $275.50. Resistance first lies at $282.5, $287.1, followed by the 20EMA at $288.30, $289.4, $293.2, and all time highs of $294.95

 

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**

M, TLRY, A, AAPL

 

Economic Calendar

 8:30  Retail Sales

 9:15  Industrial Production

 9:30  Fed Pres. Quarles Speaks

 1:00  Fed Pres. Barkin Speaks

 

Notable Earnings Before Open

Alibaba (BABA) – EPS Est. $0.99

Macy’s (M) – EPS Est. $0.33

 

Notable Earnings After Close

Cisco Systems (CSCO) – EPS Est. $0.77

Netease.com (NETE) – EPS Est. $1.86

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