Economic Calendar 6/9/2015

1620

Tuesday June 9, 2015

 

Economic Calendar 6/9/2015

 

Morning Notes

US Futures are down this morning nearing 1 month lows while European Markets are trading lower by roughly 1% as news out of China on slower than expected inflation numbers may point to a slowdown in economic growth in the China. Greek concerns still loom as they try to work out a plan with creditors.

 

Technicals

The $SPY remained below and closed under the last level of support of $210 in yesterday’s session. The next levels of support are at $208, then critical support at $207. If the $207 level breaks, the next zone of support will be the 200 day moving average near $205. If a move back up were to happen, the price action would need to at least reclaim the $210 level to be considered a viable move.

SPY_6_9

In Play

AXN: Aoxing Pharmaceuticals – The Company announced receipt of a license from the China FDA to produce Tilidine Hydrochloride Tablets. Gapping up 25% with a 38M share float.

AMPE: Ampio Pharmaceuticals – The Company announced it has received 3 peer reviewed publications that illustrate the positive effects of Ampion ™ in the treatment of osteoarthritis in the knee. Gapping up 6% with a 37M share float.

OCLS: Oculus Innovative Sciences – The Company announced that it has received clearance from the FDA for its Alevicyn Spray Gel. Gapping up 11% with a 14.8M share float.

 

Economic Calendar

8:55 Redbook (YoY) – Prior 1.70%

8:55 Redbook (MoM) – Prior (0.30)%

9:00 NFIB Small Biz Optimism – Consensus 97.10

10:00 JOLTs Job Openings – Consensus 5.03M

10:00 Wholesale Inventories (MoM) – Consensus 0.20%

 

Earnings Before Open

LULU: Lulumon – EPS Est. $0.33, Rev Est. $418.78M

ZQK: Quiksilver – EPS Est. $(0.14), Rev Est. $341.24M

Earnings After Close

MFRM: Mattress Firm Holding – EPS Est. $0.40, Rev Est. $565.84M

 

Happy Trading!

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