Economic Calendar 5/9/2015

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Friday May 8, 2015

 

Economic Calendar 5/8/2015

 

Morning Notes

US Futures are slightly higher this morning ahead of the April Jobs report. European Markets are rallying higher after election results show Prime Minister Cameron returning to his position of government. Asian Markets closed from flat to slightly higher.

Technicals

The $SPY tested mid range support of $208 yesterday and closed higher at $209.38. Yesterday’s trading was also an inside day, meaning that the price action was contained within Wednesday’s making for choppy markets. Look for the $SPY to hold support of $208 and break through resistance of $210.

spy_5_8

In Play

GEVO: Gevo, Inc. – After the company announced its strategic partnership with Alaska Airlines fro the use of its renewable alcohol based jet fuel the stock doubled and is moving further  in pre market trading. Gapping up 31% with a 5.5M share float.

NVGN: Novogen Limited – The company announced news that recent studies have shown a positive effect with the use of its cancer drug to treat brain cancer. Gapping up17% with a 8.6M share float.

ICLD: Intercloud Systems – The company announced news that they have won a contract with a major Auto Parts Distributor. Gapping up 11% with a 14.4M share float.

 

Economic Calendar

8:30 April Non Farm Payrolls Est. 228,000

8:30 Unemployment Rate Est. 5.4%

8:30 Average Hourly Wages Est. 0.2%

10:00 Wholesale Inventories

 

Earnings Before Open

NRG: NRG Energy – Eps est. $0.185

 

Earnings After Close

NONE

Happy Trading!

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