Friday September 4, 2015
Economic Calendar & Watch List 9/4/2015
Morning Notes
US futures are lower this morning by nearly -1% and European markets are trading lower by over 2% ahead of August Non Farm payroll data to give further clues to the timing of a rate hike decision by the Fed. Asian stocks closed lower.
Technicals
The SPY closed well off its highs in yesterday’s session and ended lower at $195.55. Support will lie at the low of yesterday’s range at $194.96, followed by $192.42. Resistance will be at the high of yesterday’s range at $198.05, followed by $199.13.
In Play
KBIO: KalBios Pharmaceuticals – Continuation move from yesterday’s 40% surge. Gapping up 20% with a 3.65M share float.
*Please refer to the momentum scanners displayed in the chat room for potential plays at the market open
**Others On Watch**
NFLX
Economic Calendar
8:10 Richmond Fed President Jeffrey Lacker speaks
8:30 Aug non-farm payrolls expected +219,000
8:30 Aug average hourly earnings expected +0.2% m/m and +2.1% y/y
Weekend G-20 finance ministers and central bankers hold 2-day meeting in Ankara, Turkey
Earnings Before Open
NONE
Earnings After Close
NONE
