Hot Stocks To Watch 5/15/2020

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Friday, May 15, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are slightly lower in early trading. Markets remain volatile as tensions rise between the US and China. Investors will be watching for numbers from Retail Sales and Consumer Confidence later this morning. Asian stocks settled the session mixed. 

 

Technicals

The SPY was weak to start yesterday’s session but rallied through the session testing and closing above the 20EMA. Support will first be found at $281.5, $279.13, $275.52, $271.3. Resistance will be found at the 20EMA at $283.63 $289.20, then ascending resistance at $296, the 100SMA at $298.10, and the 200SMA at $299.48.

 

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**

JD, FTCH, MU

 

Economic Calendar

  8:30  Retail Sales

  9:15  Industrial Production

10:00  Consumer Sentiment

10:00  Business Inventories

 

Notable Earnings Before Open

JD.com (JD) – EPS Est. $0.11

 

Notable Earnings After Close

NONE

 

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