Hot Stocks To Watch: 10/18/17
Warrior Trading | Oct 18, 2017 09:00AM ET
US Futures and European stocks are higher this morning in early trading. US Futures are up with optimism that tax reform will take place and European shares are up with speculation that the ECB will keep policies in place longer than originally expected. Asian stocks settled the day mostly mixed.
h3 Technicals/h3The SPY (NYSE:SPY) traded in a constricted range on lower than average volume during yesterday’s session, finding resistance at Monday’s record highs. Support will lie at the low of yesterday’s range at $254.98, followed by $254.82, then $254.64, $254.37, $253.98, $253.65, $253.20, the 20EMA at $252.75, then $252.56, $252.23, $251.30, the former ascending resistance at $251.29, and the recent pivot at $250.15. Resistance will lie at the record highs of $255.52.
h3 Small Cap Watch List/h3**Others On Watch**
IBM (NYSE:IBM)
h3 Economic Calendar/h38:00 Fed Pres. Dudley and Kaplan speak
8:30 Housing Starts, expected 1.17m
10:30 EIA Petroleum Status Report
h3 Notable Earnings Before Open/h3U.S. Bancorp (NYSE:USB) – EPS Est. $0.88
h3 Notable Earnings After Close/h3American Express (NYSE:AXP) – EPS Est. $1.48
eBay (NASDAQ:EBAY) – EPS Est. $0.38
United Continental (NYSE:UAL) – EPS Est. $2.00
United Rentals (NYSE:URI) – EPS Est. $2.99
Alcoa (NYSE:AA) – EPS Est. $0.77
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