Hot Stocks To Watch 8/9/2019

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Friday, August 9, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are lower and European markets are flat in early trading. Markets rebounded in yesterday’s session following the recent selloff. Investors still remain cautious with tensions high regarding trade between China and the US. More evidence of a global economic slowdown continues to weigh on markets. Asian stocks settled the session mixed.

 

Technicals

The SPY exhibited strength in yesterday’s session pushing through the 100SMA and consolidating around the 50SMA. Support will first be found at the 100SMA of $289.90, $288.44, descending support at $286.5, $281.72, followed by the 200SMA at $278.89. Resistance will be found at $293.20, $294.45, the 20EMA at $294.63, $297, then $299.6, $301 and $302.23

 

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**

DXC, NKTR, AMD, UBER

 

Economic Calendar

  8:30  Producer Price Index

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

 

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