Wednesday July 3, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are slightly higher in early trading. TSLA is higher this morning following record car deliveries in Q2. Investors continue to remain optimistic that the US and China will reach a trade deal, however, renewed trade worries with Europe and the US dampened that sentiment. Asian markets settled the session lower. A reminder that markets close early today at 1 PM EST.
Technicals
The SPY traded on an inside day in yesterday’s session consolidating near all-time highs. Support will first be found at $294.45, then the 20EMA at 290.98, the 100SMA at $284.86, $281.20 pivot, and the 200SMA at $277.47. Resistance will be time highs at $296.92
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**
TSLA
Economic Calendar
8:30 International Trade In Goods
8:30 Weekly Unemployment Claims, exp. 221k
10:30 Weekly EIA Petroleum Status Report
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
