Wednesday, January 15, 2020
Economic Calendar & Watch List
Morning Notes
US Futures are European markets are lower in early trading. Markets are lower this morning ahead of the signing of the phase 1 trade deal between China and the US. Earnings season kicks off with many banks reporting today. Asian stocks settled the session lower.
Technicals
The SPY posted new highs and tested the ascending resistance line and rejected that in yesterday’s session. Support will first be found at $327 and the 20EMA and pivot at $322.63, 315.48, gap fill at $312.5, $309.06, 100SMA at $306.21. Resistance will be found at all-time highs of $328.62 and ascending resistance of 328.90.
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**
TGT, CLVS, PINS, FSLR,
Economic Calendar
8:30 Producer Price Index
10:30 Weekly EIA Petroleum Status Report
11:00 Fed Pres. Harker Speaks
12:00 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
