Thursday January 31, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are flat and European shares are higher in early trading. Markets were higher yesterday following the dovish comments from the FOMC in the afternoon of yesterday’s session. Asian markets settled the session mostly higher.
Technicals
The SPY broke through the $265 resistance level then tested and closed the session near the $268 level. Support is first found at $265, $263 and the 20EMA at $261.20, followed by $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $268, $270, then the 100SMA at $271.14 and the 200SMA at $273.87.
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**
FB, X, MA, GE
Economic Calendar
8:30 Weekly Unemployment Claims, exp. 220k
8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 New Home Sales
Notable Earnings Before Open
United Parcel Service (UPS) – EPS Est. $1.91
Mastercard (MA) – EPS Est. $1.53
Altria (MO) – EPS Est. $0.94
Notable Earnings After Close
Amazon.com (AMZN) – EPS Est. $5.55
Symantec (SYMC) – EPS Est. $0.26
