Today's Free Watch List

Today's Free Watch List

Good morning team,

 

 

The futures were way down last night, near 100points on the DJI but we have brought those back up this morning.  My /ES trade had a nice gain on it that I have given all back but I will hold onto it unless the indicators (10/50 moving averages intraday and 5/13 daily) show me otherwise. 

The GDP numbers come out this morning and unless they blow the estimates away I don’t see that causing a big rally.  If they do outperform what is expected we will close this trade out and possibly try to get some calls.  But we will make that a game time decision. 

 

Today on SPY

Support of 279.63, 278.22, 277.31, 275.85

Resistance of 281.14, 282.05, 283.51

 

Events Calendar For Today

· 7:15 AM EST Fed’s Quarles speaks at ECB Conference in Frankfurt

· 8:30 AM EST GDP Annualized QoQ for Q4-T…est. 2.3%

· 8:30 AM EST Personal Consumption for Q4-T…est. 2.6%

· 8:30 AM EST GDP Price Index for Q4-T…est. 1.8%

· 8:30 AM EST Core PCE QoQ for Q4-T…est. 1.7%

· 8:30 AM EST Weekly Jobless Claims…est. 220K

· 8:30 AM EST Continuing Claims…est. 1.778M

· 9:30 AM EST Fed’s Clarida speaks at Bank of France conference in Paris

· 9:45 AM EST Bloomberg Consumer Comfort Index…prior 61.5

· 10:00 AM EST Pending Home Sales MoM for February…est. (-0.5%)

· 10:30 AM EST Weekly EIA Natural Gas Inventory Data

· 11:00 AM EST Kansas City Fed Manufacturing Activity for March…est. 0

· 5:20 PM EST Fed’s Bullard speaks in Wisconsin

 

Earnings Calendar:

· Earnings Before the Open: MOV, OXM, PRGS,

· Earnings After the Close: SAIC, SGH, SPWH

 

Other Key Events:

· Academy of Managed Care & Specialty Pharma, 3/25-3/29 in San Diego, CA

· Adobe Summit – The Digital Experience Conference, 3/25-3/28, in Las Vegas

· Sidoti Spring 2019 Investor Conference, in New York

 

I’m watching LULU for both direction (market decided most likely) and consumer discretionary stocks

 

Symbol

NKE

Exp Date

4/18/2019

Strike

$ 83 CALLS

Signal

Above $ 83.75

 

Symbol

MCD

Exp Date

4/18/2019

Strike

$ 187.5 CALLS

Signal

Above $ 188.36

 

Symbol

K

Exp Date

6/27/2019

Strike

$ 57.50 CALLS

Signal

Above $ 57.61