Economic Calendar 4/7/2015


Tuesday April 7, 2015


Good Morning Traders,


Morning Notes

US Futures are slightly unchanged this morning and consolidating after yesterday’s strong move higher. US Markets rallied sharply higher yesterday on a possible delayed rate increase by the Fed in result of last Friday’s very weak March payroll report. European Markets also moved higher after a consolidation break and Asian Markets followed suit.


The $SPY surged through Thursday’s high as well as minor descending resistance yesterday. The $SPY must commit to and hold above $207 for a move higher. Resistance lies at $208.61 and major descending resistance at $211.54.


In Play

BIND: BIND Therapeutics initiated with an Outperform at Oppenheimer – Target $14. Gapping up over 10% with a 9M share float.

ONVO: Organovo enters research pact with L’Oreal USA Products. Gapping up 10% with a 73M share float.

BLDP: Ballard Power Systems demonstrated world’s first hydrogen fuel cell tram. Gapping up 10% with a 132M share float.


Economic Calendar

08:50 FOMC Kocherlakota Speaks

08:50 Redbook (MoM) – Prior 1.20%

08:50 Redbook (YoY) – Prior 3.00%

10:00 JOLTs Job Openings – Consensus 5.01M

10:00 IBD/TIPP Economic Optimism – Consensus 49.20

15:00 Consumer Credit – Consensus $13.0B

16:30 API Weekly Crude Stock

16:30 API Weekly Gasoline Stock

16:30 API Weekly Distillates Stock


Earnings After Close

MIND: Mitcham Industries – EPS Est. $(0.55), Prior $0.14.  Rev Est. $14.15M

Happy Trading!