Friday, January 3, 2020
Economic Calendar & Watch List
Morning Notes
US Futures are European markets are lower in early trading. Investors are cautious this morning as the US launched airstrikes in Iran killing a top military leader increasing geopolitical tensions in the region. Asian stocks settled the session lower.
Technicals
The SPY gapped higher to start yesterday’s session, then filled the gap and continued to exhibit strength into the close. Support will first be found at $321, followed by the 20EMA at $319.05, gap fill at $312.5, $309.06, 100SMA at $303.33. Resistance will be found at all-time highs of $324.89 and 325.50.
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**
TSLA, INCY
Economic Calendar
8:30 Weekly Unemployment Claims, 222k
9:45 PMI Manufacturing Index
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
