Monday, January 6, 2020
Economic Calendar & Watch List
Morning Notes
US Futures are European markets are lower in early trading. Markets remain on edge with the increasing geopolitical tensions between the US and Iran. With those tensions investors are moving toward safe havens such as gold along with crude oil prices moving higher. Asian stocks settled the session lower.
Technicals
The SPY consolidated below the all time highs in Friday’s session on increased volume. Support will first be found at the 20EMA and pivot at $319.37, gap fill at $312.5, $309.06, 100SMA at $303.96. Resistance will be found at all-time highs of $324.89 and 326.
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**
SDC, NIO
Economic Calendar
NONE
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
