Tuesday, November 26, 2019
Economic Calendar & Watch List
US Futures and European markets are flat in early trading. Investors continue to remain optimistic that a phase one trade deal could be reached before the end of the year. This after US and Chinese officials had a phone conversation late yesterday where they agreed to continue to work with each other on implementation of an agreement. Asian stocks settled the session mixed.
The SPY posted new all-time highs in yesterday’s session and consolidated above the ascending resistance line. Support will first be found at ascending support of $312.60, followed by 309.06, the 20EMA at $308.38, $302.20s, $298.50 and the 100SMA at $298.17. Resistance will be found at all-time highs of $313.37.
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**
DLTR, GBT, BBY, NTNX
8:30 International Trade In Goods
10:00 New Home Sales
10:00 Consumer Confidence
1:00 Fed Pres. Brainard Speaks
Notable Earnings Before Open
Best Buy (BBY) – EPS Est. $1.04
Dollar Tree (DLTR) – EPS Est. $1.12
DICK’S Sporting Goods (DKS) – EPS Est. $0.38
Burlington Stores (BURL) – EPS Est. $1.41
Notable Earnings After Close
VMware (VMW) – EPS Est. $1.43
Autodesk (ADSK) – EPS Est. $0.73
Guess? (GES) – EPS Est. $0.19