Monday, July 22, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Crude prices remain on the rise as tensions continue to escalate in the Middle East with Iran. China launched a new tech focused stock market yesterday and had strong gains in the sector amid a lower day in Chinese markets as a whole. Asian markets settled the session lower.
Technicals
The SPY gapped higher and then retreated through Friday’s session nearing the 20EMA support level. Support will first be found at the 20EMA at 296.37, followed by gap entry at $294.33, then gap fill at $293.55, the 100SMA at $287.56, $281.20 pivot, and the 200SMA at $277.93. Resistance will be found at $299.6 and $301.13
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**
Economic Calendar
NONE
Notable Earnings Before Open
NONE
Notable Earnings After Close
Whirlpool (WHR) – EPS Est. $3.80
