Monday, February 10, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are slightly lower in early trading. The increased rate of spread of the coronavirus and lethality of the pandemic. Investors are concerned with the impact on global supply chains. Asian stocks settled the session mixed.
Technicals
The SPY gapped lower to start Friday’s session and consolidated below the previous $333.09 level. Support will first be found at gap entry of $330.67, gap fill at $330.01, the 20EMA at $327.96, $327, then $319.50, $315.48, then the 100SMA at $312.08. Resistance will be found at all-time highs of $334.19.
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
8:15 Fed Pres. Bowman Speaks
1:45 Fed Pres. Daly Speaks
3:15 Fed Pres. Harker Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
