Friday, March 6, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are lower in early trading. Markets are weak this morning after 10-year T note yields made new all-time lows. Weakness abounds as uncertainty still looms over the full economic impact of the coronavirus. Asian stocks settled the session lower.
Technicals
The SPY was holding the 200SMA in the morning of yesterday’s session but lost that support and closed lower in the afternoon. Support will first be found at $293, $285.54, $281.47 and $273.09. Resistance will be found at $302.55, the 200SMA at 304.79, $309.65, $315.48 and the 100SMA at $316.86.
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**
JPM, DAL
Economic Calendar
8:30 JOBS Report
8:30 International Trade
9:20 Fed Pres. Mester Speaks
9:20 Fed Pres. Evans Speaks
2:00 Fed Pres. Williams Speaks
2:00 Fed Pres. Rosengren Speaks
3:30 Fed Pres. George Speaks
Notable Earnings Before Open
Dollar Tree Stores (DLTR) – EPS Est. $1.76
Campbell Soup (CPB) – EPS Est. $1.23
Notable Earnings After Close
American Eagle Outfitters (AEO) – EPS Est. $0.36
Zoom Video Communications (ZM) – EPS Est. $0.07
