Monday, April 6, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets are higher following data showing global COVID cases dropping over the weekend. However, COVID-19 continues to hit the US hard and Pres. Trump has braced the country for “bad numbers” to come in this week. Asian stocks settled the session mostly higher.
Technicals
The SPY was weak in Friday’s session and consolidated around the $247.3 pivot area and we are looking to open higher this morning. Support will first be found at $256.35, $247.68, followed by $242.21, $233.76, $228.02, and $218.26. Resistance will be found at the 20EMA at $259.34, $262.80, $273.09, $281.5, gap fill at $290.23, and the 200SMA at $301.62.
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**
W, IMMU, ZM
Economic Calendar
NONE
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
