Economic Calendar 5/14/2015


Thursday May 14, 2015


Economic Calendar 5/14/2015


Morning Notes

US Futures are slightly higher this morning after yesterday’s weak retail sales report may delay the Fed’s decision in raising rates. European and Asian Markets are lower.


The $SPY tested $210.60 resistance and closed below at $210.02 in yesterday’s session. Upper range support is at $210 and $210.60 the first point of resistance. Lower range support is at $208, then $207. Above $210.60, we will watch for a retest of $212-$212.25 to break and hold for a move back up.


In Play

ACRX: AcelRx Pharmaceuticals Inc. – The Company announced news that it was awarded a contract from the department of defense for the treatment of acute pain. Gapping up 23% with a 22M share float.

CYRN: Cyren Ltd. – The Company announced news that it has executed an agreement with Dell to use Cyren’s anitmalware protection. Gapping up 12% with a 24M share float.

VBLT: Vascular Biogenics Ltd. – The Company announced news regarding positive trial data for Mullerian Cancer at the ASCO conference. Gapping up 19% with a 6.4M share float.

PTBI: Plasmatech Biopharmaceuticals – The Company announced completion of Sanfilippo Syndrome Toxicology Studies. Gapping up 8% on 2.7M share float.


Economic Calendar

8:30 Continuing Jobless Claims – Consensus 2.24M

8:30 Initial Jobless Claims – Consensus 275.0K

8:30 Jobless Claims 4-Wk Avg. – Prior 279.50K

8:30 Core PPI (YoY) [Apr] – Consensus 1.10%

8:30 PPI (YoY) [Apr] – Consensus (0.80)%

8:30 Core PPI (MoM) [Apr] – Consensus 0.10%

8:30 PPI (MoM) [Apr] – Consensus 0.20%

10:30 Natural Gas Storage [Apr]


Earnings Before Open

KSS: Kohl’s – EPS Est. $0.55, Rev Est. $4.18B


Earnings After Close

AMAT: Applied Materials – EPS Est. $0.28, Rev Est. $2.40B

JWN: Nordstrom – EPS Est. $0.71, Rev Est. $3.17B

KING: King Digital – EPS Est. $0.53, Rev Est. $563.19M

SYMC: Symantec – EPS Est. $0.44, Rev Est. $1.56B

LOCO: El Pollo Loco – EPS Est. $0.17, Rev Est. $88.49M.
Happy Trading!

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.