Friday September 11, 2015
Economic Calendar & Watch List 9/11/2015
US futures are slightly lower this morning and European stocks are also trading lower ahead of some key economic data which includes August producer prices and consumer sentiment. Asian stocks closed mixed across the board.
The SPY traded predominantly sideways in a choppy range bound pattern in yesterday’s session. New resistance has been established at $197.22, followed by $199.47. Support will lie at the low of yesterday’s range at $194.25, followed by $193.86.
*Please refer to the momentum scanners displayed in the chat room at the market open for potential plays.
**Others On Watch**
8:30 Aug PPI final demand expected -0.1% m/m and -0.9% y/y
8:30 USDA weekly Export Sales
10:00 Preliminary U.S. Sep University of Michigan consumer sentiment expected -0.8 to 91.1
12:00 USDA Sep WASDE crop production
2:00 Aug monthly budget statement expected -$84.100 billion
Earnings Before Open
KR: Kroger – Eps Est. $.40, Rev Est. $25.51B
MFRM: Mattress Firm – Eps Est. $.72, Rev Est. $654.3M
Earnings After Close