Thursday, September 26, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets are slightly higher following comments from Pres. Trump that China wants to make a deal “very badly”. Investors will also be watching for GDP data that is set to be released this morning. Asian stocks settled the session mixed.
Technicals
The SPY tested the 50SMA in yesterday’s session and held the level then pressed higher through the 20EMA. Support will first be found at the 20EMA of $297.23, followed by 296.80, $294.30, the 100SMA at $292, $288.44, then ascending support of $287.50. Resistance will be found at $302.20, $302.63 and ascending resistance of $305.40
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**
CCL, FDS
Economic Calendar
8:30 GDP, exp. 2%
8:30 Weekly Unemployment Claims, exp. 211k
8:30 International Trade In Goods
9:30 Fed Pres. Kaplan Speaks
10:00 Fed Pres. Bullard Speaks
11:45 Fed Pres. Daly Speaks
11:45 Fed Vice Chair Clarida Speaks
Notable Earnings Before Open
Conagra (CAG) – EPS Est. $0.39
Carnival (CCL) – EPS Est. $2.53
Notable Earnings After Close
Micron Technology (MU) – EPS Est. $0.43