Hot Stocks To Watch 5/28/2019

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Tuesday May 28, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are slightly higher and European markets are lower in early trading. Investors still remain cautious with the looming China/US trade war following the extended holiday weekend. Asian markets settled the session mostly higher.

 

Technicals

The SPY continued to remain under pressure in yesterday’s session finding support at the $281.2 pivot area. Support will first be found at $281.20, $280, then the 100SMA at $278.21, the 200SMA at $277.38, and $275.50. Resistance first lies at the gap entry of $283.21, gap fill at $285.10, then the 20EMA at $286.68, $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**

BMRN, AMD

 

Economic Calendar

10:00  Consumer Confidence

 

Notable Earnings Before Open

MOMO (MOMO) – EPS Est. $0.54

 

Notable Earnings After Close

Workday (WDAY) – EPS Est. $0.41

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