Wednesday March 20, 2019
Economic Calendar & Watch List
Morning Notes
US Futures are flat and European shares are slightly lower in early trading. Investors will be watching the Fed announcement today at 2PM Est. for any change in rates or balance sheets moving forward. Asian markets settled the session mixed.
Technicals
The SPY traded higher through most of yesterday’s session, but dropped to the $281.2 pivot area in the afternoon on discouraging China trade news. Support will first found at the $281.2 pivot, followed by the 20EMA at $278.50, the $275.5 pivot and the 200SMA at $275.15, then pivot low of $272.42, $270, and the 100SMA at $267.95. 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**
FDX, AMD, VIAB
Economic Calendar
10:30 Weekly EIA Petroleum Status Report
2:00 FOMC Meeting Minute Release
2:30 Fed Chair Press Conference
Notable Earnings Before Open
General Mills (GIS) – EPS Est. $0.69
Notable Earnings After Close
Micron Technology (MU) – EPS Est. $1.67
Williams-Sonoma (WSM) – EPS Est. $1.97
