Economic Calendar 3/23/2015

1656

Monday March 23, 2015

 

Good Morning Traders,

 

Morning Notes

US Futures are down this morning as are European Markets driven by the continued slide in crude prices. The Greek PM is set to meet with officials to finalize measures that will allow Greece to avoid default. Asian markets closed mostly higher as the Shanghai index rose to the highest in nearly 7 years.

 

Technicals

The $SPY has active upper support at $209-$209.49 and resistance at Friday’s high of $211.27 and descending resistance at $211.90.

 

In Play

DVAX: Upgrades from neutral to overweight at JPM and price target to $36 from $15 on news related to the biotech company’s Hepatitis B vaccine.

IMGN: Received notification that the company is eligible for up to $210M/Target in Takeda Pact.

 

Economic Calendar

10:00 Existing Home Sales [Feb] – Consensus 4.95M

10:30 Chicago Fed National Activity Index – Consensus 2.50 percent

 

Earnings After Close

DGLY: Digital Alley – Prior $(0.74).  Rev Prior $3.51M

Happy Trading!

 

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