Hot Stocks To Watch 7/10/2019

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Wednesday July 10, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are lower in early trading. Investors will be watching Fed Chair Powell start his testimony before congress today at 10am followed by the FOMC minutes release at 2pm. They will be looking for additional information regarding rate and other policy change in the near future. Asian markets settled the session lower.

 

Technicals

The SPY gapped lower to start yesterday’s session then rallied through the day ending the session on the highs. Support will first be found with gap entry at $294.33, followed by gap fill at $293.55, then the 20EMA at 293.21, the 100SMA at $285.87, $281.20 pivot, and the 200SMA at $277.62. Resistance will be time highs at $298.82

 

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**

LEVI, AMD

Economic Calendar

10:00  Fed Chair Powell Speaks

10:30  Weekly EIA Petroleum Status Report

  1:30  Fed Pres. Bullard Speaks

  2:00  FOMC Minute Release

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

Bed Bath & Beyond (BBBY) – EPS Est. $0.08

 

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