Tuesday, March 31, 2020
Economic Calendar & Watch List
US Futures and European markets are slightly higher in early trading. Markets continue to exhibit some strength coming off of the short term bottom. Manufacturing data from China is giving a little confidence to investors as it appears their economy is starting to kick off again. Asian stocks settled the session mostly higher.
The SPY continued to move higher in yesterday’s session nearing its 20EMA. 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**
9:45 Chicago PMI
10:00 Consumer Sentiment
Notable Earnings Before Open
Con Agra Brands (CAG) – EPS Est. $0.49
McCormick & Company (MCK) – EPS Est. $1.04
Notable Earnings After Close