Hot Stocks To Watch 3/27/2020

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Friday, March 27, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are lower in early trading. Markets are taking a pause this morning following a 3-day rally from the recent lows. The US now leads the world in COVID-19 cases and the House is set to pass a $2 trillion stimulus package in response. Asian stocks settled the session higher. 

 

Technicals

The SPY continued to move higher off the recent bottom in yesterday’s session. Support will first be found  $247.68, followed by $242.21, $233.76, $228.02, and $218.26. Resistance will be found with ascending resistance at $256.40, the 20EMA at $264.89, $273.09, $281.5, gap fill at $290.23, and the 200SMA at $302.74.

 

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**

LULU, KBH, RCL, CCL

 

Economic Calendar

  8:30  Personal Income and Outlays

10:00  Consumer Sentiment

 

Notable Earnings Before Open

NONE

 

Notable Earnings After Close

NONE

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