Economic Calendar 4/15/2015

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Wednesday April 15, 2015

 

Good Morning Traders,

 

Morning Notes

US Futures slightly higher this morning after INTC reported better than expected forecast for Q2. On Tuesday, the US Markets closed mildly higher on strength from the financial and oil sector. Europe is also trading higher ahead of the ECB meeting and comments from ECB President, Mario Draghi. Asian Markets closed mostly mixed.

Technicals

The $SPY remains in a tight range between $209 and $210.5, making for quite choppy price action. Yesterday, the $SPY tested the $209 support level and closed back above at $209.49. The same levels will remain in play as yesterday and Monday. Minor descending resistance at $210.5 and major at $211.5. Support will also remain at $209.

SPY_4_15

In Play

CLSN: Celsion – Company released positive data from “Dignity” study. Gapping up 24% with a 17M share float.

NVGN: Novogen – Shares continuing to skyrocket on increased volatility and has tacked on over 250% since the start of 2015. Gapping up 14% with an 8.5M share float.

 

Economic Calendar

08:30 NY Empire State Manf. Index – Consensus 7.00

09:00 FOMC Bullard Speaks In Washington

09:15 Industrial Production (MoM) – Consensus (0.30)%

09:15 Capacity Utilization [Mar] – Consensus 78.70%

09:15 NAHB Housing Market Index [Apr] – Consensus 55.0

09:15 Manf. Production [Mar] – Consensus 0.10%

10:30 EIA Weekly Distillates Stocks [Mar] – Consensus 1.03M

10:30 Gasoline Inventories – Consensus -333.0K

10:30 Crude Inventories – Consensus 3.67M

14:00 Beige Book

16:00 TIC Net Long-Term Transactions – Consensus $23.40B

16:00 TIC Net Long-Term Transactions Incl. Swaps – Consensus $39.30B

16:00 Overall Net Capital Flow

19:00 FOMC Lacker Speaks In Charleston, SC

 

Earnings Before Open

DAL: Delta Air Lines – EPS Est. $0.58.  Rev Est. $9.43B

SON: Sonoco Products – EPS Est. $0.58. Rev Est. $1.25B

SCHW: Charles Schwab – EPS Est. $0.24.  Rev Est. $1.55B

BAC: Bank of America – EPS Est. $0.30.  Rev Est. $21.64B

 

Earnings After Close

NFLX: Netflix – EPS Est. $0.69. Rev Est. $1.57B

SNDK: SanDisk – EPS Est. $0.88.  Rev Est. $1.44B

STLD: Steel Dynamics – EPS Est. $0.14.  Rev Est. $2.15B


Happy Trading!

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