Economic Calendar 3/24/2015

1948

Tuesday March 24, 2015

 

Good Morning Traders,

 

Morning Notes

US Futures and European stocks are up this morning after the Eurozone manufacturing activity this month expanded at the quickest pace in past 10 months. Positive comments from Fed President Bullard about the expectation of the economy to grow at a 3% rate while the falling unemployment will lead to a “boom.” Asian Markets closed mostly mixed.

 

Technicals

The $SPY maintains active upper support between $209 and $209.50. As long as this range holds, the momentum will continue. Resistance points overhead are at the top of this mid range flag at $211.12 and descending resistance at $211.70.

 

In Play

DGLY: Reported 4Q Eps Monday after the close and posted a 55% jump in revenue. Former momentum name. Gapping up over 14% with a 2.5M share float

RADA: Watch for continuation of momentum. Gapping up over 5% with a 4.6M share float.

 

Economic Calendar

08:30 Core CPI [Feb] (MoM) – Consensus 0.10 percent

09:00 House Price Index

09:45 Manufacturing PMI [Mar] – Consensus 54.70

10:00 Richmond Manufacturing Index – Consensus 2.00

10:00 Richmond Services Index

10:00 Richmond Manufacturing Shipments

10:00 New Homes Sales – Consensus 465.0K

10:00 New Homes Sales (MoM) – Consensus (1.30) percent

16:30 API Weekly Gasoline Stock

16:30 API Weekly Crude Stock

16:30 API Weekly Distillates Stock

 

Earnings After Close

SONC: Sonic – EPS Est. $0.12, Prior $0.07.  Rev Est. $123.29M

Happy Trading!

 

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