Tuesday, October 22, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European markets are flat in early trading. Earnings continue to roll in as the 3rd quarter reporting continues. Investors continue to remain uncertain on US/China trade along with a floundering Brexit and that weighs on markets. Asian stocks settled the session higher.
Technicals
The SPY traded higher in Monday’s session consolidating below the 300.2 recent swing high pivot. Support will first be found at the gap entry of $297, then the 20EMA at $296.19, gap entry at $295.57, then gap fill at $294.21, $293.85, the 100SMA of $293.84, the 200SMA at $286.48. Resistance will be found at $302.63.
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**
HAS, STMP
Economic Calendar
10:00 Existing Home Sales
1:00 Fed Pres. Kaplan Speaks
Notable Earnings Before Open
Procter & Gamble Company (PG) – EPS Est. $1.24
McDonald’s (MCD) – EPS Est. $2.20
United Parcel Service (UPS) – EPS Est. $2.05
Hasbro (HAS) – EPS Est. $2.22
Harley-Davidson (HOG) – EPS Est. $0.67
Notable Earnings After Close
Chipotle Mexican Grill (CMG) – EPS Est. $3.20
Snap (SNAP) – EPS Est. $-0.18
Sketchers U.S.A. (SKX) – EPS Est. $0.69
iRobot (IRBT) – EPS Est. $0.54
