Thursday, November 14, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are lower in early trading. Markets are under some pressure following some weaker than expected retail and industrial output reports from China. Asian stocks settled the session mostly lower.
Technicals
The SPY consolidated in yesterday’s session and remaining above the ascending support level. Support will first be found at ascending support of $306.95, followed by ascending support and pivot at $306, the 20EMA at $304.64, $302.20s, $298.50, $296.97, the 100SMA at $296.81, gap entry at $295.57, then gap fill at $294.21. Resistance will be found at all-time highs of $309.99.
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**
WB, CSCO, SINA, WMT
Economic Calendar
8:30 Weekly Unemployment Claims, exp. 215k
8:30 Producer Price Index
9:10 Fed Pres. Clarida Speaks
9:10 Fed Pres. Evans Speaks
10:00 Fed Chair Powell Speaks
11:45 Fed Pres. Daly Speaks
12:00 Fed Pres. Williams Speaks
12:20 Fed Pres. Bullard Speaks
5:00 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
Walmart (WMT) – EPS Est. $1.09
Weibo (WB) – EPS Est. $0.73
Viacom (VIAB) – EPS Est. $0.76
Notable Earnings After Close
NVDIA (NVDA) – EPS Est. $1.58
