Monday, March 2, 2020
Economic Calendar & Watch List
Morning Notes
US Futures are higher and European markets are lower in early trading. Fears of Investors are slightly eased by the words from Fed Chair Powell that they would “act as appropriate” given the economic impacts from coronavirus. Asian stocks settled the session higher.
Technicals
The SPY continued it’s the decline in Friday’s session and then exhibited basing action into the afternoon. Support will first be found at $284.87 and $281.47. Resistance will be found at $302.55, the 200SMA at 304.38, $309.65, $315.48 and the 100SMA at $316.27.
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**
KPTI, JD
Economic Calendar
10:00 ISM Manufacturing Index
Notable Earnings Before Open
JD.com (JD) – EPS Est. $0.44
Notable Earnings After Close
Tilray (TLRY) – EPS Est. $-0.34
