Hot Stocks To Watch 7/12/2019

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Friday July 12, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. Markets continue to remain on highs following Fed Chair Powells dovish testimony yesterday to congress. He reiterated his dovish stance of potential rate cuts in the near future.  Asian markets settled the session higher.

 

Technicals

The SPY consolidated just below the all time highs in yesterday’s session and is looking to gap to new highs this morning. Support will first be found with gap entry at $294.33, then the 20EMA at 294.25, followed by gap fill at $293.55, the 100SMA at $286.33, $281.20 pivot, and the 200SMA at $277.68. 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**

ILMN, SNAP, INFY

Economic Calendar

  8:30  Producer Price Index

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

 

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