Thursday, January 2, 2020
Economic Calendar & Watch List
Morning Notes
US Futures are European markets are higher in early trading. Markets are at new highs to kick off the 2020 trading year as Pres. Trump indicated that top Chinese officials would be coming to the US to sign a phase 1 trade deal on the 15th. Asian stocks settled the session mixed.
Technicals
The SPY traded in a constricted range in Tuesday’s session and pushed higher into the close. Support will first be found at $321, followed by the 20EMA at $318.44, gap fill at $312.5, $309.06, 100SMA at $302.99. 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**
Economic Calendar
8:30 Weekly Unemployment Claims, 222k
9:45 PMI Manufacturing Index
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE