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Hot Stocks To Watch 10/2/2019

Wednesday, October 2, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are lower in early trading. Markets experienced their worst losses since August in yesterday’s session following the release of the US Manufacturing index. It posted its worst levels since 2009 citing the ongoing trade war with China. Asian stocks settled the session lower.

 

Technicals

The SPY failed to hold the 20EMA in yesterday’s session then continued lower through the session consolidating just above the 100SMA and we are looking to open below that level today. Support will first be found at $288.44, then ascending support of $288.20 and the 200SMA at $283.27. Resistance will be found at the 100SMA of 292.28, followed by $294.3, the 50SMA at $294.59, the confluence with the 20EMA at $296.70, then $302.20, $302.63.

 

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**

AMTD, NFLX

 

Economic Calendar

  9:00  Fed Pres. Harker Speaks

10:50  Fed Pres. Williams Speaks

 

Notable Earnings Before Open

Lennar (LEN) – EPS Est. $1.32

Paychex (PAYX) – EPS Est. $0.69

 

Notable Earnings After Close

Bed Bath & Beyond (BBBY) – EPS Est. $0.26

 

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