Tuesday April 9, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are lower in early trading. Markets are feeling some pressure as the US is threatening $11b in tariffs on European imports. Investors will also be watching the release from the IMF with an update to their World Economic Outlook. Asian markets settled the session mixed.
Technicals
The SPY opened lower to start Monday’s session and climbed through the day back to the $288.8 resistance. Support will first found at $287, followed by the $286.6 pivot, the 20EMA at $283.25, $281.2, the pivot and 200SMA at $275.63, then pivot low of $272.42, $270, and the 100SMA at $269.57. Resistance first lies at $288.8, $289.45 and $293
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**
CERN
Economic Calendar
9:00 IMF World Economic Outlook Update
10:00 JOLTS Report
5:00 Fed Pres. Quarles Speaks
6:45 Fed Pres. Clarida Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
WD-40 (WDFC) – EPS Est. $1.12
