Monday, September 23, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are lower in early trading. Two days of negotiations between China and the US concluded on Friday with Chinese officials canceling a trip to see US agricultural areas sending markets lower into the afternoon. Asian stocks settled the session lower.
Technicals
The SPY dropped in Friday’s session finding support at the 20EMA following trade negotiation news. Support will first be found at the 20EMA of $297.30, $296.73, $294.30, the 100SMA of 291.92, $288.44, then ascending support of $287.04. Resistance will be found at ascending resistance at $301.49, $302.63 and ascending resistance of $305.20
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**
Economic Calendar
9:50 Fed Pres. Williams Speaks
1:00 Fed Pres. Bullard Speaks
2:30 Fed Pres. Daly Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE