Economic Calendar & Watch List 8/7/2015

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Friday August 7, 2015

 

Economic Calendar & Watch List 8/7/2015

 

Morning Notes

US futures are slightly lower this morning and European stocks are also trading lower as the market awaits the July Nonfarm payrolls data. Asian stocks closed mostly mixed but the Shanghai ended the week up 2.3%.

 

Technicals

SPY_8_7

The SPY broke down through several key levels of support in yesterday’s session, nearly testing the 200 day moving average. New support will now lie at the low of yesterday’s range at $207.65 followed by the 200 day moving average at $207.20. Resistance lies at $210.50.

 

In Play

Please refer to our momentum scanners displayed in the chat room for a play out of the open.

 

**Others On Watch**

MNST

UBNT

NUS

 

Economic Calendar

8:30 Average Weekly Hours [Jul] – Consensus 34.50

8:30 Private Nonfarm Payrolls [Jul] – Consensus 215.00K

8:30 Nonfarm Payrolls [Jul] – Consensus 223.00K

8:30 Manufacturing Payrolls [Jul] – Consensus 5.00K

8:30 Government Payrolls [Jul]

8:30 Labor Force Participation Rate [Jul]

8:30 Average Hourly Earnings (MoM) [Jul] – Consensus 0.20%

8:30 Unemployment Rate [Jul] – Consensus 5.30%

15:30 Consumer Credit [Jul] – Consensus $17.50B

 

Earnings Before Open

HSY: The Hershey Company – EPS Est. $0.75, Rev Est. $1.62B

GRPN: Groupon – EPS Est. $0.03, Rev Est. $740.37M

 

Earnings After Close

NONE

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