Friday, November 1, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets are experiencing some strength from a better than expected manufacturing report from China. Investors will keep their eyes on the Jobs report that is out at 8:30 am. Asian stocks settled the session higher.
Technicals
The SPY traded slightly lower in yesterday’s session consolidating near the $302.2 level. Support will first be found at $302.20s, the 20EMA at $299.52, $296.97, gap entry at $295.57, the 100SMA of $295.35, then gap fill at $294.21, $293.85, the 200SMA at $288.23. Resistance will be found at all-time highs of $304.55 and ascending resistance of 306.50.
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**
ANET, QRVO, PINS
Economic Calendar
8:30 Jobs Report
9:30 Fed Pres. Kaplan Speaks
10:00 ISM Manufacturing Index
12:00 Fed Pres. Williams Speaks
1:00 Fed Pres. Clarida Speaks
1:00 Fed Pres. Quarles Speaks
1:00 Fed Pres. Daly Speaks
2:30 Fed Pres. Williams Speaks
Notable Earnings Before Open
Alibaba (BABA) – EPS Est. $1.49
Seagate Technology (STX) – EPS Est. $1.00
Newell Brands (NWL) – EPS Est. $0.56
Notable Earnings After Close
NONE
