Hot Stocks To Watch 7/11/2019

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Thursday July 11, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. The S&P 500 crossed the 3000 milestone in yesterday’s session following dovish comments from Fed Chair Powell on monetary policy. A rise in crude prices is also helping fuel markets higher as the gulf region braces for storms along with geopolitical risk in the Middle East. Asian markets settled the session higher.

 

Technicals

The SPY exhibited strength in yesterday’s session posting a new all time high early in the session. Support will first be found with gap entry at $294.33, then the 20EMA at 293.72, followed by gap fill at $293.55, the 100SMA at $286.11, $281.20 pivot, and the 200SMA at $277.64. Resistance will be time highs at $299.66

 

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**

FAST, BBBY, LEVI

Economic Calendar

  8:30  Consumer Price Index, exp. 0.0%

  8:30  Weekly Unemployment Claims, exp. 220k

10:00  Fed Chair Powell Speaks

11:00  Fed Pres. Williams Speaks

  1:30  Fed Pres. Williams Speaks

  1:30  Fed Pres. Quarles Speaks

  5:00  Fed Pres. Kashkari Speaks

 

Notable Earnings Before Open

Delta Air Lines (DAL) – EPS Est. $2.30

Fastenal (FAST) – EPS Est. $0.37

 

Notable Earnings After Close

NONE

 

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