Hot Stocks To Watch 5/17/2019

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Friday May 17, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are and European markets are lower in early trading. Concern continues to run high with the trade relationship between the US and China. Global economic condition is in key focus as show by remarks from BOJ Gov. Kuroda’s comments this morning citing weakness in global outlook. In the UK, the pound has dropped to its lowest level since January with the ongoing Brexit uncertainty. Asian markets settled the session mostly lower.

 

Technicals

The SPY was strong to start yesterday’s session pushing up and through the 20EMA then failed that level into the afternoon. Support will first be found at $281.20, $280, the 200SMA at $277.34, and $275.50. Resistance first lies at $286.7, $287, followed by the 20EMA at $287.96, $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**

BIDU, IQ, AAPL

 

Economic Calendar

10:00  Fed Pres. Clarida Speaks

10:00  Consumer Confidence

11:15  Fed Pres. Williams Speaks

 1:40  Fed Pres. Clarida Speaks

 2:00  Fed Pres. Williams Speaks

 

Notable Earnings Before Open

Deere & Company (DE) – EPS Est. $3.57

 

Notable Earnings After Close

NONE

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