Hot Stocks To Watch 12/3/2019

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Tuesday, December 3, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are slightly lower in early trading. Markets are lower this morning following unsettling trade comments from Pres. Trump stating that the deal may not come before 2020 as he “has no deadline”. This news along with renewed steel tariffs on Brazil and Argentina are keeping investors on edge. Asian stocks settled the session mixed. 

 

Technicals

The SPY was weak in yesterday’s session falling below the ascending support line that it has been testing and this morning we are looking to gap lower below the 20EMA. Support will first be found at 309.06, ascending support $307.60s, $302.20s, $298.50 and the 100SMA at $298.52. Resistance will be found at the 20EMA at $310.16, followed by ascending resistance at $313 and all-time highs of $315.48.

 

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**

COUP, AMD

 

Economic Calendar

  8:55  Redbook

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

Salesforce (CRM) – EPS Est. $0.66

Workday (WDAY) – EPS Est. $0.37

Marvel (MRVL) – EPS Est. $0.17

 

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