Economic Calendar 3/19/2015

2201

Thursday March 19, 2015

 

Good Morning Traders,

 

Morning Notes

US Futures are down this morning ahead of U.S. weekly jobless claims and the monthly Philly Fed business outlook. European Markets are up at highest levels since 2000 attempting to catch up to rally in U.S. Markets as the Fed stated it would move slowly toward an interest rate hike.

 

Technicals

The $SPY surged higher yesterday on volume after the Fed statement. The first level of support is ascending support at $207.75 and yesterday’s daily low of $206.62. Descending resistance lies overhead at $211.75. Above this descending resistance point, opens up a clear move to the ascending resistance macro channel at $220.

 

In Play

NQ: Eps beat, 2.2M share float, gapping up over 10%, and a former runner.

FOLD: Positive global regulatory updates from EMA and FDA meetings for Fabry Monotherapy. 55M share float and gapping up over 20%.

 

Economic Calendar

08:30 Current Account [Q4]- Consensus -$101.20B

10:00 Philly Fed Business Conditions [Mar]

10:00 Philly Fed Price Paid [Mar]- Prior 4.70

10:00 CB Leading Index (MoM) [Feb]- Consensus 0.30 percent

10:00 Philly Fed Manufacturing Index [Mar]- Consensus 5.50

10:00 Philly Fed New Orders [Mar]

10:00 Philly Fed CAPEX Index [Mar]

10:00 Philly Fed Employment [Mar]

 

Earnings After Close

NKE: Nike – EPS Est. $0.85

 

Happy Trading!

 

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