Friday, December 6, 2019
Economic Calendar & Watch List
US Futures and European markets are slightly higher in early trading. Investors will be keeping an eye on the Jobs report that is to be released this morning for some insight into the strength of the economy. Continued signs of a global economic slowdown are appearing with Germany’s unexpected drop in industrial production this month. Asian stocks settled the session mixed.
The SPY tested and held above the 20EMA in yesterday’s session. Support will first be found with the 20EMA at $310.40, followed by $309.06, ascending support $307.60s, $302.20s and the 100SMA at $299.12. Resistance will be found at ascending resistance of $313.5 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**
ULTA, ZM, BIG, YEXT
8:30 Jobs Report
Notable Earnings Before Open
Big Lots (BIG) – EPS Est. $-0.21
Notable Earnings After Close