Tuesday March 19, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Markets are up ahead of the release from the FOMC with investors keeping a close eye for any changes with rates. TSLA and Elon Musk are again in headlines after the SEC is asking a federal judge to hold him in contempt after his recent tweets as a direct violation of the settlement deal they reached. Asian markets settled the session mixed.
Technicals
The SPY opened and remained above that important $281.2 pivot area in yesterday’s session. Support will first found at the $281.2 pivot, followed by the 20EMA at $278.09, the $275.5 pivot and the 200SMA at $275.10, then pivot low of $272.42, $270, and the 100SMA at $267.88. Resistance first lies at $286.6 and $288.8
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**
DSW, STNE, FB
Economic Calendar
8:55 Redbook
10:00 Factory Orders
Notable Earnings Before Open
DSW (DSW) – EPS Est. $0.03
Notable Earnings After Close
FedEx (FDX) – EPS Est. $3.10
