Thursday, April 23, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are flat in early trading. Some relief in the oil markets is helping hold futures steady. Investors will be watching the weekly unemployment numbers that will be coming out this morning. Asian stocks settled the session mixed.
Technicals
The SPY slowly ground higher throughout yesterday’s session. Support will first be found at $275.52, then the 20EMA at $272.19, $271.3, $256.35, $247.68, followed by $242.21, $233.76, $228.02, and $218.26. Resistance will be found at ascending resistance at $281.50, $288, gap fill at $290.23, and the 200SMA at $300.54.
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**
TGT, IMMU, INO, NFLX
Economic Calendar
8:30 Weekly Unemployment Claims, exp. 4,250k
9:45 PMI Composite Flash
10:00 New Home Sales
Notable Earnings Before Open
Domino’s Pizza (DPZ) – EPS Est. $2.29
Eli Lilly (LLY) – EPS Est. $1.55
Notable Earnings After Close
Intel (INTC) – EPS Est. $1.28
Skechers U.S.A. (SKX) – EPS Est. $0.38