Hot Stocks To Watch 5/21/2019

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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

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