Wednesday, February 19, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets continue to push higher amid the coronavirus pandemic that has now claimed over 2000 lives. The economic impact from this is continuing to be evaluated after AAPL announced it will not meet quarterly revenue guidance because of the outbreak. Asian stocks settled the session higher.
Technicals
The SPY was weak to start yesterday’s session and then came back to end the day near flat. Support will first be found at previous highs of 334.75, then the 20EMA at $331.86, gap entry at $330.67, gap fill at $330.01, $327, then $319.50, $315.48, then the 100SMA at $314.31. Resistance will be found at all-time highs of $338.12.
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**
SGMS, ENPH, GRMN,
Economic Calendar
8:10 Fed Pres. Bostic Speaks
8:30 Housing Starts
8:30 Producer Price Index
8:30 Fed Pres. Mester Speaks
11:45 Fed Pres. Kashkari Speaks
1:30 Fed Pres. Kaplan Speaks
2:00 FOMC Meeting Release
4:30 Fed Pres. Barkin Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
Stamps.com (STMP) – EPS Est. $1.03
Zillow (ZG) – EPS Est. $-0.35
