Wednesday, October 23, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are slightly lower in early trading. Another big day of earning being reported as more insight is gleaned into the effect of the US/China trade war on companies’ bottom lines. Asian stocks settled the session mixed.
Technicals
The SPY consolidated above the 300.2 swing high pivot in yesterday’s session then lost that support into the afternoon. Support will first be found at the gap entry of $297, then the 20EMA at $296.46, gap entry at $295.57, then gap fill at $294.21, the 100SMA of $294.08, $293.85, the 200SMA at $286.70. Resistance will be found at $300.90 and $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**
TXN, IRBT, LLY
Economic Calendar
10:30 EIA Petroleum Status Report
Notable Earnings Before Open
Boeing (BA) – EPS Est. $2.04
Caterpiller (CAT) – EPS Est. $2.82
Notable Earnings After Close
Tesla (TSLA) – EPS Est. $-0.48
Microsoft (MSFT) – EPS Est. $1.25
PayPal (PYPL) – EPS Est. $0.62
eBay (EBAY) – EPS Est. $0.64