Tuesday, November 12, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets continue to consolidate as investors await trade news regarding the US and China. Pres. Trump is slated to speak today at 12 EST. regarding trade. Asian stocks settled the session higher.
Technicals
The SPY continued to consolidate just below the all-time highs in yesterday’s session remaining above the ascending support level. Support will first be found at ascending support of $306.85, followed by ascending support and pivot at $306, $304.50, the 20EMA at $303.66, $302.20s, $298.50, $296.97, the 100SMA at $296.51, gap entry at $295.57, then gap fill at $294.21. Resistance will be found at all-time highs of $309.65.
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**
Economic Calendar
5:30 Fed Pres. Clarida Speaks
12:00 Fed Pres. Barker Speaks
1:00 Fed Pres. Harker Speaks
6:00 Fed Pres. Kashkari Speaks
Notable Earnings Before Open
Advanced Auto Parts (AAP) – EPS Est. $2.07
Tyson Foods (TSN) – EPS Est. $1.23
CBS (CBS) – EPS Est. $0.91
Notable Earnings After Close
Skyworks Solutions (SWKS) – EPS Est. $1.50
