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Hot Stocks To Watch 8/15/2019

Thursday, August 15, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are slightly higher in early trading. Markets dropped in yesterday’s session following more concern of a slowdown in the US economy. In the bond markets yesterday, a yield curve inversion took place which has every recession for the past 50 years and heightened fears of a recession.  Asian stocks settled the session mixed.

 

Technicals

The SPY was weak in yesterday’s session below the 100SMA and selling down to the near term ascending support. Support will first be found at ascending support at $283, $281.72, followed by the 200SMA at $279.18. Resistance will be found at descending resistance of 285.5, followed by $288.4, then the 100SMA at 290.18, the 20EMA at $292.71, $293.20, $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**

WMT, TPR, BABA

 

Economic Calendar

  8:30  Weekly Unemployment Claims, exp. 208k

  8:30  Retail Sales

  9:15  Industrial Production

 

Notable Earnings Before Open

Alibaba (BABA) – EPS Est. $1.51

Walmart (WMT) – EPS Est. $1.22

 

Notable Earnings After Close

NVDIA (NVDA) – EPS Est. $1.14

 

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