Hot Stocks To Watch 6/6/2019

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Thursday June 6, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European markets are higher in early trading. Trade tensions remain high between the US/China and US/Mexico, yet markets continue their move higher.  Asian markets settled the session mixed.

 

Technicals

The SPY continued it’s move higher in yesterday’s session moving through and closing above the 20EMA and is looking to open above that level this morning. Support will first be found at the 20EMA at 282.55, $281.20 pivot, the 100SMA at $279.97, followed by the 200SMA at $277.22, $275.50, $272.50, $270, $268. Resistance first lies at the pivot and gap entry of $284.20 and gap fill at $285.10 and the 50SMA at $286.47.

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**

CIEN, HOME, AMD

 

Economic Calendar

 8:30  International Trade In Goods

 8:30  Weekly Unemployment Data, exp.

 8:40  Fed Pres. Kaplan Speaks

 1:00  Fed Pres. Williams Speaks

 

Notable Earnings Before Open

Signet Jewelers (SIG) – EPS Est. $-0.24

J.M. Smuckers (SJM) – EPS Est. $1.97

 

Notable Earnings After Close

Guess? (GES) – EPS Est. $-0.26

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