Monday, December 30, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are flat and European markets are slightly lower in early trading. Markets have posted their best year since 2013 so far in 2019. The Nasdaq is up 36%, the S&P 500 29% and the Dow at 23%. Asian stocks settled the session mixed.
Technicals
The SPY gapped up to new all-time highs in yesterday’s session following the announcement of the phase 1 trade deal. Support will first be found at previous highs of $321, followed by the 20EMA at $317.76, gap fill at $312.5, $309.06, 100SMA at $302.38. Resistance will be found at all-time highs of $323.80.
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**
RAD, WVE
Economic Calendar
8:30 International Trade In Goods
9:45 Chicago PMI
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
