Economic Calendar & Watch List 9/18/2015

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Friday September 18, 2015

 

Economic Calendar & Watch List 9/18/2015

 

Morning Notes

US futures are lower this morning and European stocks are down over -2% on concerns regarding the global economy after the FOMC decided not to raise the interest rates. Asian stocks closed mixed.

 

Technicals

SPY_9_18

The SPY initially surged higher in yesterday’s session but reversed the move and closed near the lows after the FOMC released their statement regarding the interest rate being left unchanged. Currently, we are gapping down in the pre market to $197. Support lies at $195.96, $195.43, $195.53, and $194.25. Resistance lies at $198.41, $199.28, and $202.89.

 

In Play

CANF: CanFite Biopharma – Moving higher in the premarket on high volume on follow through from yesterday. Beware of follow through action and be cautious with a trade. Gapping up 30% with a 10.45M share float.

TCON: Tracon Pharmaceuticals – The company reports ongoing complete response in Choriocarcinoma patient treated with company’s TRC105 in compassionate use Phase 2 trial; Beta human chorionic gonadotropin normalized during the fourth cycle of treatment. Gapping up 70% with a 7.4M share float.

 

**Others On Watch**

MBLY

ADBE

NFLX

 

Economic Calendar

10:00 Aug leading indicators expected +0.2%

12:00 Q2 household net worth change, Q1 +$1.629 trillion

1:00 Treasury auctions $13 billion 10-year TIPS

3:00 USDA Aug Cattle on Feed

 

Earnings Before Open

NONE

 

Earnings After Close

NONE

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