Tuesday, January 8, 2020
Economic Calendar & Watch List
US Futures are European markets are slightly higher in early trading. Markets are higher this morning as there has been no escalation in the US/Iran conflict easing some concern of investors. Crude priced are back around $68 after spiking to a high near $71 in yesterday’s session. Asian stocks settled the session higher.
The SPY opened near the 20EMA in yesterday’s session then rallied through the day to continue consolidating below the all-time highs. Support will first be found at the 20EMA and pivot at $319.78, 315.48, gap fill at $312.5, $309.06, 100SMA at $303.98. Resistance will be found at all-time highs of $324.89 and ascending resistance of 326.30.
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**
8:30 International Trade In Goods
10:00 Factory Orders
Notable Earnings Before Open
Notable Earnings After Close