Friday, February 21, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are lower in early trading. Markets are lower this morning following a spike in coronavirus infections outside of China. Markets dropped in yesterday’s session following concern over corporate profits and other economic impacts resulting from the coronavirus outbreak. Asian stocks settled the session lower.
Technicals
The SPY dropped on heavy volume in yesterday’s session and recovered some of those losses into the afternoon. Support will first be found at 334.75, then the 20EMA at $332.90, gap entry at $330.67, gap fill at $330.01, $327, then $319.50, $315.48, then the 100SMA at $315.12. Resistance will be found at 337.5s and all-time highs of $339.08.
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**
DBX, ZS
Economic Calendar
9:35 Fed Pres. Kaplan Speaks
9:45 PMI Composite Flash
10:00 Fed Pres. Brainard Speaks
10:00 Fed Pres. Bostic Speaks
1:30 Fed Pres. Clarida Speaks
1:30 Fed Pres. Mester Speaks
Notable Earnings Before Open
Deere (DE) – EPS Est. $1.28
Notable Earnings After Close
NONE
