Hot Stocks To Watch 11/27/2019

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Wednesday, November 27, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. President Trump announced yesterday that the US and China were very close to finalizing a phase 1 deal on trade which is helping propel markets to new highs this morning. Investors will also be keeping their eyes on GDP data and unemployment reports that are due out this morning. Asian stocks settled the session mostly higher. A reminder that markets are closed tomorrow for Thanksgiving.

 

Technicals

The SPY continued to march into record territory, posting new all-time highs in yesterday’s session. Support will first be found at ascending support of $312.60, followed by 309.06, the 20EMA at $308.93, $302.20s, $298.50 and the 100SMA at $298.34. Resistance will be found at all-time highs of $314.28.

 

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**

DELL

 

Economic Calendar

  8:30  GDP, exp. 1.9%

  8:30  Durable Goods Orders

  8:30  Unemployment Claims, exp. 218k

10:00  Personal Income and Outlays

 

Notable Earnings Before Open

Deere & Company (DE) – EPS Est. $2.13

 

Notable Earnings After Close

NONE

 

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