Economic Calendar 3/31/2015

1690

Tuesday March 31, 2015

 

Good Morning Traders,

 

Morning Notes

US Futures are off by .5% and European Markets are also trading lower by .3% on the giveback of yesterday’s sharp move higher. Energy is mostly lower as crude has slipped on the speculation that a nuclear deal may be close with Iran. On a more positive note, the Eurozone February unemployment fell to nearly a 3 year low.

 

Technicals

The $SPY is gapping down this morning but still above yesterday’s gap up low of $206.40. We will be watching to see if this support level will hold for a continued move up. The first area of resistance is at yesterday’s high of $208.61 with descending resistance coming back into play at $211.75.

 

In Play

DANG: Reported EPS and Q4 revenue rose 27% and sees Q1 2015 revenue up 28%. Daily chart has trigger spot for a move higher over $9 then $9.80. Gapping up over 6% with a 50M share float.

 

Economic Calendar

08:55 Redbook (MoM)

08:55 Redbook (YoY)

09:00 S&P/Case-Shiller HPI – 20 City NSA (MoM)

09:00 S&P/Case-Shiller HPI – 20 City SA (MoM)

09:00 S&P/Case-Shiller HPI – 20 City NSA (YoY) – Consensus 4.70%

09:45 Chicago PMI – Consensus 51.40

10:00 CB Consumer Confidence – Consensus 96.20

10:30 Texas Services Sector Outlook

10:30 Dallas Fed Service Revenues

 

Earnings After Close

PRGN: Paragon Shipping – EPS Est. $(0.23), Prior $(0.10).  Rev Est. $12.66M

LNDC: Landec – EPS Est. $0.15, Prior $0.24.  Rev Est. $135.73M

 

Happy Trading!

 

NO COMMENTS