Friday, October 25, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are flat and European markets are slightly lower in early trading. Commerce giant AMZN reported a drop in profits for the first time since 2017 citing one day shipping and other growth costs. US/China trade continues to weigh on investor confidence as the dispute lingers. Asian stocks settled the session mixed.
Technicals
The SPY continued its consolidation around the $300 pivot area in yesterdays session. Support will first be found at the gap entry and 20EMA at $297, $296.97, the 100SMA of $294.53, then gap fill at $294.21, $293.85, the 200SMA at $287.13. 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**
ALB
Economic Calendar
10:00 Consumer Sentiment
Notable Earnings Before Open
Verizon (VZ) – EPS Est. $1.24
Notable Earnings After Close
NONE
