Friday March 29, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Markets are higher on renewed optimism regarding US/China trade as Treasury Secretary Mnuchin stated talks in Beijing were “constructive” and that discussions would continue in Washington next week. Investors will be watching the LYFT IPO that debuts today. Asian markets settled the session higher.
Technicals
The SPY continued to consolidate around the 20EMA support and 281.2 pivot in yesterday’s session. Support will first found at the 20EMA at $279.62, the $275.5 pivot and the 200SMA at $275.31, then pivot low of $272.42, $270, and the 100SMA at $268.84. Resistance first lies at $281.2, followed by swing high pivot of $285.18, then $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**
RH, SGH, KMX
Economic Calendar
8:30 Personal Income and Outlays
9:25 Fed Pres. Williams Speaks
9:45 Chicago PMI
10:00 Consumer Sentiment
10:30 Fed Pres. Kaplan Speaks
12:05 Fed Pres. Quarles Speaks
12:45 Fed Pres. Quarles Speaks
Notable Earnings Before Open
Carmax (KMX) – EPS Est. $1.04
Notable Earnings After Close
NONE
