Wednesday, September 11, 2019
Economic Calendar & Watch List
US Futures and European markets are higher in early trading. Trade optimism continues to fuel markets higher as China announced it will allow some additional exemptions on US imports. Asian stocks settled the session mostly higher.
The SPY was lower in yesterday’s session then recovered those losses into the afternoon. Support will first be found at $294.30, then the 20EMA at $293.32, the 100SMA of 291.20, $288.44, then ascending support of $285.59. Resistance will be found at $298.83 pivot/ascending resistance 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**
8:30 Producer Price Index
10:30 EIA Petroleum Status Report
Notable Earnings Before Open
Notable Earnings After Close