Tuesday July 2, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are slightly lower in early trading. New tariff threat in Europe is dampening renewed optimism in global markets as the US threatened to impose tariffs on 89 additional products. OPEC agreed to a 9 month extension of oil production cuts. Asian markets settled the session mixed.
Technicals
The SPY gapped to new highs in yesterday’s session then retested and held the previous all-time high level in the afternoon. Support will first be found at $294.45, then the 20EMA at 290.40, the 100SMA at $284.59, $281.20 pivot, and the 200SMA at $277.45. Resistance will be time highs at $296.92
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**
GBX, AMRN
Economic Calendar
6:45 Fed Pres. Williams Speaks
8:55 Redbook
11:00 Fed Pres. Mester Speaks
Notable Earnings Before Open
NONE
Notable Earnings After Close
NONE
