Friday June 28, 2019
Economic Calendar & Watch List
US Futures and European markets are slightly higher in early trading. The G20 summit kicks off today and investors will be watching for news coming from the expected meeting between Pres. Trump and Chinese Pres. Xi regarding trade. Asian markets settled the session mostly lower.
The SPY traded in a constricted range in yesterday’s session, remaining above the former descending resistance line on lower than average volume. Support will first be found at the 20EMA at 289.52, the 100SMA at $284.16, $281.20 pivot, and the 200SMA at $277.39. Resistance will be time highs at $296.31
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**
8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 Consumer Sentiment
3:20 Fed Pres. Daly Speaks
Notable Earnings Before Open
Constellation Brands (STZ) – EPS Est. $2.07
Notable Earnings After Close