Friday, November 22, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Investors remain cautious with a near term US/China trade deal being uncertain and new tariffs that are slated to go into effect on Dec. 15. Asian stocks settled the session mixed.
Technicals
The SPY continued to consolidate above the ascending support line in yesterday’s session. Support will first be found at ascending support of $310, followed by 309.06, the 20EMA at $307.53, $302.20s, $298.50, $296.97, the 100SMA at $297.90, gap entry at $295.57, then gap fill at $294.21. Resistance will be found at all-time highs of $312.69.
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**
FL, HIBB, PSTG
Economic Calendar
10:00 Consumer Sentiment
Notable Earnings Before Open
Footlocker (FL) – EPS Est. $1.07
J.M. Smuckers (SJM) – EPS Est. $2.13
Notable Earnings After Close
NONE
