Monday, September 16, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are lower in early trading. Markets are weak due to a report showing the lowest industrial output in China since 2002. A spike in global oil prices are also weighing on markets as drone strikes shuttered nearly 5% of global crude output. Asian stocks settled the session mixed.
Technicals
The SPY declined slightly after Friday after hitting new all time highs in Thursday’s session. Support will first be found at $298.83, then the 20EMA at $295.29, $294.30, the 100SMA of 291.50, $288.44, then ascending support of $286.15. Resistance will be found at $302.46 and ascending resistance of $304.98
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**
NEWR, Energy names (XLE, UWT, USO)
Economic Calendar
NONE
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
