Economic Calendar & Watch List 9/1/2015


Tuesday September 1, 2015


Economic Calendar & Watch List 9/1/2015


Morning Notes

US futures are down sharply over -2% along with European Markets trading lower by -2% as well on increased concerns that the economic slowdown in China is worsening. In addition, China’s manufacturing index contracted at the most rapid rate in the past 3 years. Asian stocks closed lower.




The SPY traded range bound in yesterday’s session closing lower. New support will lie at $197.01. However, we are trading well below this level in the pre market. The first support level we will be watching is at $188.37, followed by $186.92. Overhead resistance will lie at $194.79, followed by $195.21.


In Play

TRVN: Trevena – The company announced that Top-line Phase 2b abdominoplasty results reinforce differentiated clinical profile of TRV130 and further de-risk the Phase 3 program. The trial demonstrated a statistically significant reduction in pain with TRV130 treatment relative to placebo, comparable to PCA morphine. Gapping up 35% with a 18.9M share float.


**Others On Watch**





Economic Calendar

9:45 Final-Aug Markit manufacturing PMI expected unrevised at 52.9

10:00 Jul construction spending expected +0.6% m/m,

10:00 Aug ISM manufacturing index expected -0.2 to 52.5


Earnings Before Open

DLTR: Dollar Tree – EPS Est. $.62, Rev Est. $3.04B

DCI: Donaldson Company – EPS Est. $.42, Rev Est. $595.78M


Earnings After Close

AMBA: Ambarella – EPS Est. $.80, Rev Est. $81.73M