Thursday, February 13, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are lower in early trading. New concern mounts after cases of coronavirus jumped by nearly 15,000 as new detection methods are being used. The International Energy Agency states that quarterly energy consumption could drop this quarter for the first time in a decade. Asian stocks settled the session lower.
Technicals
The SPY continued to post new highs through yesterday’s session and is looking to open lower this morning. Support will first be found at previous highs of 334.75, then gap entry of $330.67, gap fill and the 20EMA at $330.01, $327, then $319.50, $315.48, then the 100SMA at $313.12. Resistance will be found at all-time highs of $337.65.
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**
CSCO, NTAP, AMAT, KHC
Economic Calendar
8:30 Consumer Price Index
8:30 Weekly Unemployment Data, exp. 211k
12:45 Fed Pres. Kaplan Speaks
5:30 Fed Pres. Williams Speaks
Notable Earnings Before Open
Alibaba (BABA) – EPS Est. $2.25
Kraft Heinz (KHC) – EPS Est. $0.68
CVS Health (CVS) – EPS Est. $1.68
Notable Earnings After Close
Nvidia (NVDA) – EPS Est. $1.66
Roku (ROKU) – EPS Est. $-0.14
Mattel (MAT) – EPS Est. $0.00
Yelp (YELP) – EPS Est. $0.26
