Wednesday April 3, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are higher in early trading. Optimism on US/China trade negotiations is propelling markets higher this morning. Negotiations are set to resume today in Washington DC. An uptick in crude prices is also helping fuel market gains as positive manufacturing data from China is showing potential for increased demands in conjunction with OPEC production cuts. Asian markets settled the session higher.
Technicals
The SPY traded in a relatively tight range in yesterday’s session consolidating near Monday’s highs and is gapping higher this morning. Support will first found at the $281.2 pivot, followed by the 20EMA at $280.98, the $275.5 pivot and the 200SMA at $275.40, then pivot low of $272.42, $270, and the 100SMA at $269.20. 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**
GME, SIG, PLAY
Economic Calendar
8:15 ADP Employment Report
8:30 Fed Pres. Bostic Speaks
5:00 Fed Pres. Kashkari Speaks
Notable Earnings Before Open
Signet Jewelers (SIG) – EPS Est. $3.77
Notable Earnings After Close
NONE
