Economic Calendar 6/16/2015


Tuesday June 16, 2015


Economic Calendar 6/16/2015


Morning Notes

US Futures are down yet again this morning on continued concern on Greece’s debt situation. Yesterday, Greece and its creditors were unable to reach any agreements throughout the lengthy negotiations and as a result Greece’s ASE index slid over -3.3%. European stocks and Asian stocks traded lower.



The $SPY tested $208 support again yesterday and closed up off the support level at $209.11. The $208 support will remain as mid range support with $207 being the next level. Resistance will be present at $209.45, the high of yesterday’s range.


In Play

ACUR: Acura Pharmaceuticals – The Company announced it has entered into a license and development agreement with Bayer Healthcare for Acura’s IMPEDE technology. Gapping up 30% with a 34M share float.

GBSN: Great Basin Scientific – The Company announced receipt of a European Patent for the Company’s on-chip amplification technology, currently patented in the U.S. Gapping up 8% with  2.6M share float.


Economic Calendar

8:30 Redbook (MoM)

8:30 Redbook (YoY)

8:30 Building Permits Index [May] – Consensus 1.10M

8:30 Building Permits (MoM) [May]

8:30 Housing Starts Index [May] – Consensus 1.10M

8:30 Housing Starts (MoM) [May


Earnings Before Open

FDS: FactSet Research – EPS Est. $1.41,  Rev Est. $253.56M


Earnings After Close

ADBE: Adobe – EPS Est. $0.45, Rev Est. $1.16B

BOBE: Bob Evans – EPS Est. $0.41, Rev Est. $330.97M

LZB: La-Z-Boy – EPS Est. $0.38, Rev Est. $379.13M

Happy Trading!