Monday, December 9, 2019
Economic Calendar & Watch List
US Futures and European markets are slightly lower in early trading. Investors will be keeping an eye on the Fed meeting that is scheduled for Tues/Wed of this week. Many are wating to see if any part of a trade deal will be reached with China ahead of the Dec. 15 tariff deadline. Asian stocks settled the session flat.
The SPY was strong in Friday’s session finding resistance just below all time highs. Support will first be found with gap entry at $314.11, then gap fill at $312.5, followed by the 20EMA at $310.83, $309.06, $302.20s and the 100SMA at $299.29. Resistance will be found at 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**
Notable Earnings Before Open
Notable Earnings After Close
Stitch Fix (SFIX) – EPS Est. $-0.06