Economic Calendar 4/9/2015


Thursday April 9, 2015


Good Morning Traders,


Morning Notes

US Futures are slightly lower after AA(Alcoa) began earnings season with a negative report. Stocks closed slightly higher on Wednesday after the FOMC report on interest rates even though several members were in favor of a rate hike by mid June. European stocks are trading mildly higher while Asian Markets closed mixed.


The $SPY has established mid range at the $207 level or $207.08 to  be exact. Critical support remains at $205 and $204. Resistance also remains at $208.75. Above this nearest resistance level of $208.75 we potentially will get better price action returning to the market.


In Play

PIR: Pier 1 Imports – Q4 Earnings Beat & Increases Dividend. Gapping up 5% with a 81M share float.

NVGN: Novogen – Announced that studies revealed that the company’s experimental drug, Anisina, killed melanoma cells. Gapping up nearly 50% with an 8.5M share float.



IPDN: Professional Diversity Network


Economic Calendar

8:30 Weekly initial unemployment claims expected +16,000 to 284,000

8:30 USDA weekly Export Sales

10:00 Feb wholesale inventories expected +0.2% m/m, Jan +0.2% m/m. Feb wholesale trade sales expected +0.3% m/m, Jan -3.1% m/m

12:00 USDA Apr WASDE crop production

13:00 Treasury auctions $13 billion 30-year T-bonds


Earnings After Close


Happy Trading!