Tuesday, December 31, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are European markets are slightly higher in early trading. Investors are optimistic about the news that China may send over a delegation this week to sign the phase 1 trade deal. Investors also look to close out a great year for the markets on this last trading day of 2019. Asian stocks settled the session mixed.
Technicals
The SPY exhibited weakness in yesterday’s session. 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
8:55 Redbook
10:00 Consumer Confidence
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
