Economic Calendar 6/15/2015

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Monday June 15, 2015

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Economic Calendar 6/15/2015

 

Morning Notes

US Futures are lower this morning along with European stocks trading lower by over -1.5%

as the Greek credit crisis continues to go unresolved. On Sunday, talks between Greece and its creditors ended abruptly after huge differences between the parties. Asian stocks closed lower.

 

Technicals

The $SPY broke support of $210.20 and closed below it at $210 on Friday, again rejecting the descending resistance. In pre market this morning we are trading sharply lower well below upper support. The first support zone will be at $208 and resistance will be at the high of Friday, or $211.48.

SPY_6_15

In Play

AMCN: Air Media Group – The Company announced that it would be selling 75% of its equity interest in its Advertising Business to a Beijing Fund. Gapping up 13% with a 22M share float.

NURO: NeuroMetrix – The Company announced the full commercial launch of its wearable chronic pain relief technology, which is 100% drug free. Gapping up 17% with a 8.4M share float.

 

Economic Calendar

9:15 Industrial Production (MoM) [May] – Consensus 0.20%

9:15 Manufacturing Production (MoM) [May] – Consensus 0.20%

10:00 NAHB Housing Index [Jun] – Consensus 56.00

4:00 Net Long-term TIC Flows [Jun] – Consensus $24.9B

 

Earnings Before Open

NONE

 

Earnings After Close

LAKE: Lakeland Industries – EPS Est. $0.27, Rev Est. $26.01M
Happy Trading!

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