Hot Stocks To Watch 8/12/2019

273

Monday, August 12, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are lower in early trading. Markets continue to feel the pressure of trade tensions between China and the US. This in addition to the global economic slowdown is putting investors a little on edge. Asian stocks settled the session mostly higher.

 

Technicals

The SPY consolidated between the 100SMA and 50SMA in Friday’s session. Support will first be found at the 100SMA of $289.99, $288.44, descending support at $286, $281.72, followed by the 200SMA at $278.97. Resistance will be found at $293.20, the 20EMA at $294.34, $294.45, $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**

ROKU, AMD

 

Economic Calendar

NONE

 

Notable Earnings Before Open

Sysco Corporation (SYY) – EPS Est. $1.07

 

Notable Earnings After Close

NONE

 

NO COMMENTS

LEAVE A REPLY