Friday August 7, 2015
Economic Calendar & Watch List 8/7/2015
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%.
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.
Please refer to our momentum scanners displayed in the chat room for a play out of the open.
**Others On Watch**
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