Wednesday, August 28, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are slightly lower in early trading. Bonds have caused concern in the markets again as the yield curve inverted to its highest level since 2007. Asian stocks settled the session mixed.
Technicals
The SPY drifted lower through yesterday’s session then continued to consolidate around the $286 area. Support will first be found at ascending support of $283.75, $281.72, followed by the 200SMA at $280.04 and $275.45. Resistance will be found at $288.44, then the confluence of the 20EMA and 100SMA at $290.39, $293.20, $294.45, $297, $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**
ADSK
Economic Calendar
10:30 Weekly EIA Petroleum Status Report
5:30 Fed Pres. Daly Speaks
Notable Earnings Before Open
Tiffany & Co. (TIF) – EPS Est. $1.05
Notable Earnings After Close
Williams-Sonoma (WSM) – EPS Est. $0.83
Guess? (GES) – EPS Est. $0.29
Five Below (FIVE) – EPS Est. $0.50
H&R Block (HRB) – EPS Est. $-0.75