Tuesday, November 19, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets continue to push to new highs following a meeting between Pres. Trump and Fed Chair Powell. Asian stocks settled the session mostly higher.
Technicals
The SPY continued to grind higher in yesterday’s session remaining by the ascending resistance line.. Support will first be found at ascending support of $307.45, followed by the 20EMA at $306.34, $302.20s, $298.50, $296.97, the 100SMA at $297.42, gap entry at $295.57, then gap fill at $294.21. Resistance will be found at all-time highs of $312.28.
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**
KSS, M
Economic Calendar
8:30 Housing Starts
9:00 Fed Pres. Williams Speaks
Notable Earnings Before Open
Home Depot (HD) – EPS Est. $2.53
Kohl’s (KSS) – EPS Est. $0.85
TJX Companies (TJX) – EPS Est. $0.66
Notable Earnings After Close
NONE