Monday, April 27, 2020
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are higher in early trading. Markets are higher this morning following a strong session in Asian markets as Japan’s central bank stepped up stimulus efforts and as countries are beginning to phase in reopening of economies. Investors will be watching earnings this week as the tech giants will be reporting. Asian stocks settled the session higher.
Technicals
The SPY opened below but reclaimed the $281.5 level in Friday’s session exhibiting strength through the afternoon. Support will first be found at $281.50, $275.52, then the 20EMA at $273.81, $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 $288, gap fill at $290.23, and the 200SMA at $300.37.
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**
AXSM, AUDC, OXY
Economic Calendar
NONE
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE