Friday October 19, 2018
Economic Calendar & Watch List
Morning Notes
US Futures are higher while European stocks are lower in early trading. Global markets are finding some support as markets in China rebound. Strength in Crude is also helping support levels. European markets are lower after Italian stocks sell off and geopolitical risks continue. Asian markets settled the day mixed.
Technicals
The SPY drifted in yesterday’s session closing at the 200SMA support. Support is first found at the 200SMA of $276.49, $275.5, $272, $270, $268.43, and $267.76. Resistance first lies at the 100SMA $282.28, the 20EMA at $283.31 the pivot at $286.7, $293.22, then all time highs of $293.94.
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**
EBAY, OZK, PYPL
Economic Calendar
10:00 Existing Home Sales
12:00 Fed Pres. Bostic Speaks
12:45 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
Honeywell (HON) – EPS Est. $1.99
Procter & Gamble (PG) – EPS Est. $1.09
Notable Earnings After Close
NONE
