Friday February 22, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. US and China trade relations are in headlines with Pres. Trump announcing that he will be meeting with Vice Premier He today in the Oval Office. Berkshire Hathaway is expected to report earnings today and investors will be watching for the release of the annual shareholder letter on Saturday from Warren Buffett for clues into the 2019 economic year. Asian markets settled the session mixed.
Technicals
The SPY continued to consolidate at the near term highs in yesterday’s session. Support is again first found at the $275.5 pivot, then the 200SMA at $274.44, followed by the 20EMA at $271.69, $270, the 100SMA at $268.65, 268, and $265. It continues at $263, $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $281 and $286.6.
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**
KHC, STMP, W, ROKU
Economic Calendar
10:15 Fed Pres. Daly Speaks
10:15 Fed Pres. Williams Speaks
1:30 Fed Pres. Bullard Speaks
1:30 Fed Pres. Clarida Speaks
1:30 Fed Pres. Harker Speaks
5:30 Fed Pres. Williams Speaks
Notable Earnings Before Open
Wayfair (W) – EPS Est. $-1.28
Notable Earnings After Close
NONE
