Tuesday May 21, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are and European markets are higher in early trading. Markets are slightly higher today following the US easing restrictions on Huawei for the next 90 days. Concern remains with the Yuan as it continues to weaken which could complicate trade talks. Asian markets settled the session mixed.
Technicals
The SPY continued to remain under pressure in yesterday’s session trading below the 20EMA. Support will first be found at $281.20, $280, the 200SMA at $277.38, and $275.50. Resistance first lies at $286.7, $287, followed by the 20EMA at $287.40, $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**
KSS, HD
Economic Calendar
7:50 Fed Pres. Bostic Speaks
8:55 Redbook
10:45 Fed Pres. Evans Speaks
12:00 Fed Pres. Rosengren Speaks
Notable Earnings Before Open
Home Depot (HD) – EPS Est. $2.17
Kohl’s (KSS) – EPS Est. $0.67
TJ Max
Notable Earnings After Close
NONE
